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