No win, no fee funding model carries Maurice Blackburn to victory in AMP class action contest
TOP STORY
Class Actions May 23, 2019 10:29 am By Christine Caulfield and Miklos Bolza

Maurice Blackburn’s shareholder class action against AMP — the only action not backed by a litigation funder — has been picked as the winner in a fierce battle of law firms vying to lead a high stakes case over the wealth manager’s fees for no service scandal.

Geoffrey Rush awarded $2.9 million in defamation case
Defamation May 23, 2019 9:38 pm By Amelia Birnie

Actor Geoffrey Rush has been awarded almost $2.9 million in damages following his successful defamation case against Daily Telegraph publisher Nationwide News, as the court hears the newspaper ignored an offer to settle for $50,000 and an apology.

Ex-Slater & Gordon solicitor axed for complaints about ‘unethical’ funding referral scheme, lawsuit says
Employment May 23, 2019 9:42 pm By Miklos Bolza

A former senior lawyer at Slater & Gordon has filed a lawsuit against his old employer, claiming he was fired after complaining about allegedly unethical practices within the firm.

Other stories
High Court declines funder’s appeal of $64M Banksia settlement approval
Article May 24, 2019 1:23 pm By Cat Fredenburgh

The High Court will not review an appeals court’s decision to approve a $64 million settlement in litigation over the failure of Banksia Securities while […]

Foxtel appeals ruling over Allens’ missed trade mark deadline
Intellectual Property May 23, 2019 10:51 pm By Cat Fredenburgh

TV giant Foxtel wants another shot at opposing a trade mark by telco China Unicom, after a judge let stand an IP Australia decision refusing to revoke the trade mark when law firm Allens missed a deadline for opposing the mark.

“I’d be happy to mediate it myself”: Judge cheers talks in Fitch class action
Class Actions May 23, 2019 7:52 pm By Miklos Bolza

Parties in an ongoing four-and-a-half year long investor class action against Fitch Ratings have agreed to a second round of mediation after a prior attempt was adjourned without success.

Judge signs off on $30M settlement in liquidator’s LM Investment case
Restructuring & Insolvency May 23, 2019 3:16 pm By Miklos Bolza

A Queensland Supreme Court judge has given the green light for a $30 million settlement of a liquidator’s case against failed financial services firm LM Investment Management, saying the result was appropriate and “a matter of some public interest”.

Termite Resources directors appeal $7M damages ruling for liquidators
Restructuring & Insolvency May 23, 2019 1:57 pm By Cat Fredenburgh

The former directors of collapsed mining company Termite Resources have appealed a ruling ordering them to pay $7 million in damages for allegedly breaching their duty by distributing more than $46 million to Termite’s parent company and failing to maintain a cash reserve of at least $10 million.

ACCC takes online retailer Kogan to court for misleading promotion
Competition & Consumer Protection May 23, 2019 10:05 am By Christine Caulfield

The consumer watchdog has brought legal action against online retailer Kogan Australia alleging one of its discount promotions duped customers.

Class action applicant can’t bring ‘shambolic’ case over side deal with funder
Class Actions May 22, 2019 9:23 pm By Amelia Birnie

One of two lead applicants in the settled Arasor shareholder class action has been denied leave to be heard over its $1 million personal expenses dispute with litigation funder International Litigation Partners after missing a filing deadline, with a judge calling its handling of the case “shambolic”.

La Trobe University law school head to step down in settlement over suspension
Employment May 22, 2019 3:20 pm By Christine Caulfield

The head of La Trobe University’s law school will step down from his position in an agreement that settles his lawsuit alleging the university breached […]

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PWC claims privilege against self-incrimination in fight over Vocation audit files
Class Actions May 22, 2019 8:42 pm By Christine Caulfield

Accounting giant PricewaterhouseCoopers is resisting a notice to produce audit files in a consolidated shareholder class action over the collapse of education and training company […]

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VW dieselgate hearings postponed over ACCC objections
Class Actions May 22, 2019 10:11 pm By Miklos Bolza

A hearing scheduled for later this year in several class actions and an ACCC proceeding over allegations Volkswagen installed dual-mode software in diesel vehicles to […]

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