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A judge has ordered the discontinuance of a class action challenging the detention of South Sudanese refugees in Australian detention centres, following a High Court decision that affected its prospects of success.
Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.
A judge has ordered that a $5 million penalty ASIC won against Noumi be made available for distribution to group members in a class action against the food giant, on top of a $43 million settlement.
A judge has approved a $43 million settlement in a class action action alleging Noumi misled investors about its inventory, including a 22 per cent group costs order to be split between the two law firms that ran the case.
A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.
A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company's financial position, a court has heard.
A franchisee class action against United Petroleum over alleged loss-making Pie Face stores has been ordered to hand over $3.7 million in security, with a judge finding it was not likely to stultify the class action.
The fact that at least three funders are open to backing a franchisee class action against United Petroleum should doom the class action's opposition to the petrol chain's bid for $2.3 million in security, a court has heard.
The plaintiff in an unsuccessful class action against Bayer over its Essure contraceptive device wants to see whether she can avoid paying costs in the case before deciding on whether to appeal the loss.
Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.