AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
A class actions expert has found there has been a spike in contingency fee rates in Victoria over the last two years, expressing concerns that the regime enacted in 2020 may be going in a different way than intended.
A judge has approved a 33 per cent group costs order in a class action against Sportsbet, saying the relatively high rate was justified by the risks of running the “relatively novel case”, which seeks repayment of gambling losses stemming from allegedly unlawful services.
Maurice Blackburn is seeking a 33 per cent cut of any settlement in a class action against Sportsbet, arguing that law firms “doing well” for themselves by running class actions is an inherent feature of the contingency fee scheme.
The state of Victoria has attacked the “magical thinking” of a class action over its COVID-19 hotel quarantine debacle, as the applicants seek to plead an alternative case holding the state responsible for a wave of infections.
The funder of a failed class action against the founder of sandalwood producer Quintis and EY and has been hit with costs, despite arguing the order would set a bad precedent.
The state of Victoria has sounded alarm bells about an amendment application by a class action over the COVID-19 hotel quarantine debacle, telling a judge it amounts to a new case with an “infinite number of permutations”.
A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed “animus” towards the prestigious private school, a judge has said.
The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn’t be imposed on funders where there is no doubt they will pay up.
The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff’s law firm, according to a decision published Friday.