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Banksia receiver mulls release bid from case by class action members
Class Actions 2025-05-28 11:13 pm By Christine Caulfield

The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.

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Funder in spat with WestConnex class action applicants can’t dodge costs
Class Actions 2025-04-14 11:39 pm By Christine Caulfield

That it once had a $100,000 bank cheque is not sufficient evidence to prove a funder behind a class action over the $16 billion WestConnex tunnel can meet a costs order in a feud with the applicants, an appeals court has said.

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WestConnex class action applicants defeat funder’s latest appeal
Transportation & Infrastructure 2025-04-14 11:46 pm By Christine Caulfield

The funder behind a class action against Transport for NSW over the $16 billion WestConnex project has lost another appeal in its ongoing spat with the lead applicants.

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Judge ‘far too demanding’ in Worley class action, shareholder says
Class Actions 2025-03-20 11:28 pm By Cindy Cameronne

A judge was too exacting in deciding the applicant in a shareholder class action against engineering services firm Worley suffered no loss from misleading guidance, an appeals court has heard.

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In shareholder class action appeal, Worley argues judge ‘went off the rails’
Appeals 2025-03-19 11:01 pm By Cindy Cameronne

A judge “went off the rails” in finding Worley liable for misleading or deceptive conduct, a lawyer for the engineering services company has said on the first day of an appeal in a shareholder class action.

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Funder sues WestConnex class action plaintiffs for $1.4M
Class Actions 2025-02-28 11:44 pm By Andy Sidler

The funder backing a class action against Transport NSW by residents displaced by the construction of Sydney’s WestConnex tunnel has brought proceedings seeking $1.4 million from the lead plaintiffs.

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Funder pulls out of WestConnex class action
Transportation & Infrastructure 2024-10-25 1:34 pm By Cindy Cameronne

The funder bankrolling a class action by residents allegedly displaced by the construction of the $16.8 billion WestConnex tunnel has abandoned the case.

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AMA loses in appeal over $4.8M smash repair acquisition
Appeals 2024-07-24 11:05 pm By Cindy Cameronne

Two Gosford-based smash repair businesses have won an appeal in a dispute with AMA Group over the earn out amount the ASX-list company owed under an October 2018 agreement to purchase the companies for $4.8 million.

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Contingency fee ruling may face serious scrutiny in a High Court challenge, experts say
Analysis 2024-07-10 11:55 pm By Christine Caulfield

Although carefully reasoned, last week’s landmark judgment by the Full Federal Court finding power to grant contingency fees to class action solicitors has placed the question of statutory authority to award settlement common fund orders on more unsteady ground than before, experts say.

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Worley wants new bench in second shareholder class action appeal
Class Actions 2024-06-21 11:45 pm By Andy Sidler

Counsel for Worley in a nine-year-old shareholder class action that is set for another Full Court appeal has foreshadowed a possible recusal application against the judges who heard the first appeal.

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