Judge says High Court did not rule out common fund orders at settlement

Class Actions December 6, 2019 1:58 pm By Christine Caulfield

The High Court’s ruling Wednesday that judges have no power to issue a common fund order in the initial phases of a class action does not bind them after a settlement has been reached, a Federal Court judge said Friday.

JPMorgan witness disputed existence of ANZ cartel ‘agreement,’ court hears
Competition & Consumer Protection December 6, 2019 9:45 pm By Miklos Bolza

A key witness from JPMorgan previously contested claims by the ACCC that a key component of an alleged cartel arrangement between four major banks around a $2.5 billion institutional share placement by ANZ was actually an ‘agreement,’ as opposed to a series of independent decisions, a court has heard.

$42M Murray Goulburn settlement wins approval, but fight over funder’s cut still on
Class Actions December 6, 2019 2:56 pm By Christine Caulfield

Two months after rejecting the deal because the litigation funder’s cut appeared excessive, a judge has approved a $42 million class action settlement with Murray Goulburn while the funder keeps up the fight over its commission.