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A hearing to replace the applicants in a class action over Sydney's $16 billion WestConnex project has been postponed a fourth time by an exasperated judge, who on Monday called out the absent litigation funder for being "grossly uncourteous".
Engineering services firm Worley might win the High Court's leave to appeal its loss in a shareholder class action despite the justices delving into many of the same issues raised in cases against the Commonwealth Bank, experts tell Lawyerly.
An application by the funder of a class action over the compulsory acquisition of land for Sydney's WestConnex project to replace the plaintiffs has been ajourned a third time by an increasingly frustrated judge.
Engineering services firm Worley has taken last month's landmark loss in a shareholder class action to the High Court, challenging the Full Federal Court's embrace of market-based causation and its adoption of the facilitation principle.
With two historic court wins for shareholders, 2026 is shaping up to be a momentous year for securities class actions, with lawyers expecting a resurgence of cases and a renewed eagerness for the negotiating table.
A shareholder class action against engineering services firm Worley has prevailed after a hard-fought battle over damages, in a major decision following two trips to the Full Federal Court.
The funder that's backing a class action over land compulsorily acquired for Sydney's WestConnex road project has been ordered to pay security in satellite proceedings seeking to claw back $1.4 million in costs from the lead applicants.
Construction PRO
The funder that's backing a class action over land compulsorily acquired for Sydney's WestConnex road project has filed an application to substitute the lead applicants, amid an ongoing fight about whether the case should be discontinued.
A judge has approved orders bringing the receivership of Banksia Securities to an end, with the special receiver opting to not pursue $650,000 in costs against Victorian debenture holders who dropped their case alleging breaches to the scandal-ridden class action.
Banksia Securities investors who agreed to drop their case alleging breaches linked to a scandal-ridden class action have been hit with costs, with a judge saying the case was “plainly” not for the benefit of all group members.