‘Worthless and unsaleable’: Accounting firm hit with class action over Guvera advice

Class Actions January 20, 2020 2:07 pm By Miklos Bolza

Shareholders of collapsed music streaming platform Guvera have filed a class action against an accounting firm seeking to recoup their losses for the firm’s alleged negligence in promoting an investment opportunity in the failed tech company.

IMF poised to take over class actions from rival funders rattled by common fund ruling
Class Actions January 20, 2020 3:57 pm By Miklos Bolza

Litigation funder IMF Bentham has shrugged off concerns about the High Court’s recent ruling on common fund orders, telling investors that it’s in a position to take over some class actions from funders daunted by the prospect of bookbuilding.

Ashurst admits to underpaying staff
Business of Law January 20, 2020 5:39 pm By Miklos Bolza

Ashurst has become the latest law firm to be ensnared in the underpayments scandal affecting Australian businesses, with the firm admitting to underpaying a number of staff covered under the legal services award.