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High Court questions power to hold class action contests
That a first filed case should be the presumptive winner in a competition between class actions seemed a losing argument before the High Court on Tuesday as the justices weighed a challenge to a ruling picking one among a group of class actions against AMP, but the court also appeared skeptical of the power to hold wide ranging inquiries into the merits of competing cases.
Class action beauty parade takes centre stage at High Court
The eyes of class action lawyers will be on the High Court Tuesday as it hears arguments over a judge's power to choose a single class action among competing proceedings and what, if anything, should be made of a case's funding structure and likely returns to group members when picking a winner.
Common fund order issue can’t be decided in ‘evidentiary vacuum’, NSW appeals court says
The NSW Court of Appeal has passed on the question of whether a judge can make a common fund order when a class action settles to ensure a certain return to litigation funders, but the issue is not going away, whatever the Federal Court's decision in a parallel case.
‘Big fat CFO’ incentives would distort class action scheme, BMW tells court
Luxury car maker BMW has told the NSW Court of Appeal that the courts do not have power to make common fund orders at any stage of a group proceeding, arguing that such orders would distort the scope of the class action regime by encouraging litigation funders to pursue lawsuits.
Judge won’t stall opt out notice in AMP class action
A court has given the green light for opt out and registration notices to be sent to group members in a shareholder class action against AMP, despite objections by the lead plaintiff in a competing class action.
BHP can bring fraud claims against Cherwell Creek Coal
Mining giant BHP has been given the green light to bring allegations of fraud against competitor Cherwell Creek Coal in a long running dispute over mining rights.
High Court awards businessman $27M over Securency ‘shabby fraud’
The High Court has awarded $27 million in unpaid commissions to a Nigerian entrepreneur tricked into terminating his contract with international bank note manufacturer Securency, reversing a Full Court judgment which slashed his award.
ACCC takes Pacific National, Aurizon terminal deal challenge to High Court
The competition regulator wants the High Court to hear its challenge to Pacific National's $205 million acquisition of Aurizon's Acacia Ridge Terminal in Queensland, saying the deal would entrench the rail freight carrier's near monopoly on the east coast of Australia.
‘An immediate conflict of interest’: Appeals court tosses opt out notices in AMP class action
An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
‘Harsh and draconian’: Judge shoots down bid for class closure in combustible cladding action
A court has dismissed a "harsh and draconian" class closure order sought by German cladding manufacturer 3A Composites in a class action against it over allegedly combustible cladding.