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A litigation funder's average rate of return on its investment in shareholder class actions was one of a number of factors weighed by a judge in approving a 25 per cent funding cut from the $42 million settlement in a class action against dairy cooperative Murray Goulburn.
A judge has been accused of “very aggressively” raising issues with a barrister for the Federal Government over its failure to amend its defence in a $300 million class action centred on the Commonwealth's controversial Robodebt scheme to match recent public admissions.
Centrelink recipients eligible for a share of $721 million in refunds on debts paid as part of the controversial Robodebt scheme will not be asked to sign away their rights in an ongoing class action, but whether the Morrison Government will seek to shut down the case remains to be seen.
Former Dover Financial director Terry McMaster on Monday admitted to personally drafting a so-called client protection policy described by a judge as an "exercise in Orwellian doublespeak", as the court heard evidence that the defunct financial firm ignored red flags raised by two law firms about the policy.
The Morrison Government will refund Centrelink recipients $721 million in debts paid as part of the controversial Robodebt scheme at the centre of a class action, a move lawyers for the class called an "unprecedented admission".
A judge has made a common fund order in approving a $3 million settlement in a class action against mortgage lending and investment company RMBL, the first common fund order granted since the High Court shot down these orders in the early stages of class actions.
The applicant in a $47.6 million class action against a unit of car leasing company McMillan Shakespeare has been denied access to insurance documents sought to determine the value of the case, with a judge saying access would "distort the playing field".
Defending against a $300 million class action brought by Centrelink recipients over its Robodebt scheme, the Federal Government has told a court it did not owe a duty of care to people receiving benefits.
Mortgage lending and investment company RMBL has agreed to pay $3 million to settle a class action alleging it charged excessive fees on loans and made misleading representations under its contributory mortgage fund scheme.
Companies and other defendants forked over big sums last year to settle more than 20 class actions, with a total of at least $734 million being paid out. Here are the top 10 class action settlements and the law firms and funders that negotiated them.