Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.
A judge has upheld ASIC’s privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system.
SMBC has lost a bid for documents connected to King & Wood Mallesons opinions in its suit against fintech Humm linked to the Forum Finance fraud, with a court saying the Japanese bank did not share joint privilege over the material.
A judge has approved a $180 million settlement in a stolen wages class action but has criticised the plaintiff’s law firm for the costs incurred in the case and raised doubts about the value of litigation funding.
ASIC’s claim of legal privilege over a solicitor’s notes of an interview with a tech start-up boss involved in the ASX program to replace its CHESS system could be tested under cross-examination, a court has heard.
Callide Energy has failed in a courtroom bid to block the sale its partner’s interest in the joint venture for the construction and operation of Queensland’s Callide power station.
ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company’s financial position.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.
RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.