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

TOP STORY

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.

$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.

Group members to get $100 or less under $1.5M ANZ class action settlement

Class Actions December 6, 2019 1:54 pm By Cat Fredenburgh

A judge has given the green light to a $1.5 million settlement in a long-running class action against ANZ alleging it slapped customers with illegal fees, with group members expected to get no more than $100 and potentially walking away with “substantially less” than this.

Other stories

‘Reasonable chance’ of settlement in Dick Smith class actions

Class Actions December 6, 2019 12:31 pm By Cat Fredenburgh

There is a “reasonable chance” that two shareholder class actions against failed electronics retailer Dick Smith will settle by February of next year, group members have learned.

Burger chain owes $1.1M in worker underpayments

Employment December 6, 2019 2:18 pm By Tas Bindi

Burger chain MOS Burger Australia has paid $1.12 million in outstanding wages owed to former workers, following an investigation by the Fair Work Ombudsman.

JPMorgan witnesses grilled as banks seek to poke holes in ANZ cartel case

Competition & Consumer Protection December 5, 2019 9:21 pm By Miklos Bolza

Two key witnesses from JPMorgan have been grilled by lawyers for three major investments banks named in a high-stakes criminal cartel case as the banks seek to cast doubt on how the ACCC gathered evidence during its almost two-year cartel investigation.

Engineer blamed for design defects in Opal Tower class action

Class Actions December 5, 2019 10:55 pm By Cat Fredenburgh

The construction company behind Sydney’s Opal Tower has filed a cross claim seeking $30 million from structural architect WSP Structures over its allegedly faulty building design.

Judge rejects bid to suppress legal costs report in SurfStitch class actions

Class Actions December 5, 2019 10:03 pm By Hannah Gee

A judge has rejected an application sought by the plaintiffs in two recently settled class actions against online shopping retailer SurfStitch to keep an independent report into legal costs under wraps, after expressing concerns a confidentiality order would not be in the interests of open justice.

ISignthis sues ASX over suspension, says exchange went ‘looking for a problem’

Securities December 5, 2019 11:22 pm By Christine Caulfield

Melbourne-based fintech company ISignthis is taking the Australian Stock Exchange to court for refusing to lift the suspension of its shares and allegedly digging for confidential information to “find a problem”.

Coles to pay $5.25M to Norco dairy farmers after ACCC investigation

Competition & Consumer Protection December 5, 2019 4:28 pm By Tas Bindi

Coles has agreed to pay about $5.25 million to dairy co-operative Norco after an investigation by the Australian Competition and Consumer Commission found the supermarket giant failed to pass on the full price rise it charged consumers for Coles-branded fresh milk as it promised to do.

Judge slams ‘shopping list’ of issues in case against Hall Chadwick partners

Restructuring & Insolvency December 5, 2019 9:07 pm By Hannah Gee

What started out as a directions hearing Wednesday to set a date for trial in a case against a group of Hall Chadwick partners brought […]

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