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No win, no fee funding model carries Maurice Blackburn to victory in AMP class action contest
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 […]

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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.

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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Law firms to learn fate in AMP class action beauty parade
Analysis May 21, 2019 11:25 pm By Christine Caulfield

A ruling by a judge deciding a four-way contest to run a shareholder class action against AMP is expected this week, a judgment significant not […]

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ANZ brings on class actions ace as new group GC
Class Actions May 21, 2019 8:43 pm By Christine Caulfield

ANZ has recruited seasoned class actions lawyer Ken Adams to be its next group general counsel as the bank faces two cases over a botched […]

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Metlife brings action against AFCA in first court showdown for complaints body
Financial Services May 20, 2019 9:36 pm By Christine Caulfield

Insurance giant Metlife has launched legal proceedings against the Australian Financial Complaints Authority to challenge a finding in favour of an injured former NSW police […]

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Qudos Bank wins source code from Infosys as it weighs possible IP case
Intellectual Property May 20, 2019 11:33 pm By Christine Caulfield

Technology consulting group Infosys must hand over more documents — including source code — to Qudos as the mutual bank considers a possible copyright infringement […]

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Facebook, Instagram to fight misuse of market power case by social media startup
Competition & Consumer Protection May 17, 2019 2:27 pm By Christine Caulfield

Facebook and Instagram will defend against claims they misused their market power to block an Australian marketing startup from their platforms, saying the company – […]

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