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Queensland government-owned water services provider Sunwater has lost a bid to overturn a judgment letting insurer Liberty Mutual Insurance off the hook for its share of a $440 million settlement in the Queensland floods class action.
A judge has cut a funder's commission by 33 per cent after approving a $20 million settlement in a sham contracting class action against telco contractor BSA Limited, finding that funders should receive “significantly lower” payouts in employment cases.
Teleco contractor BSA, which resolved a class action by its workforce for $20 million, won't be recouping the costs of legal action to exclude a $13 million capital raising from the settlement.
A judge has approved a $20 million settlement in a sham contracting class action accusing telco contractor BSA Limited of misclassifying its workforce of technicians as independent contractors.
A judge overseeing the settlement approval of an underpayments class action against telco contractor BSA has questioned whether litigation funders should receive commissions lower than the market rate for running employment class actions.
Telco contractor BSA has won a bid to ringfence a $13 million capital raising from a $20 million settlement reached with group members in a Shine Lawyers-led class action accusing the company of misclassifying its workforce of technicians as independent contractors.
Technicians bringing a class action against BSA have argued it should double its first settlement payment using money raised in its 2022 prospectus after the telco contractor filed an “urgent” bid to ringfence capital raisings from the $20 million payout.
Teleco contractor BSA has reached an in-principle settlement resolving a class action that accuses the company of misclassifying its workforce of technicians as independent contractors.
Liberty Mutual Insurance does not have to indemnify dam operator Sunwater for its share of a $440 million settlement of the Queensland floods class action, the NSW Supreme Court has found.
“Hundreds of lawyers” could overwhelm Microsoft Teams if German cladding manufacturer 3A Composites continues adding cross-claimants in a class action over highly flammable building materials, a court has heard.