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Facing an uphill battle to win approval for a $1.9 million settlement in a sham contracting class action against fundraiser Appco Group, a lawyer for the case has told a court there is no money left to pursue.
A judge has said further investigation into the financial position of Appco Group is needed before he can sign off on a $1.9M settlement in a $65 million sham contracting class action against the fundraising company, under which litigation funder Harbour would get a 50 per cent cut and group members would recover “diddly-squat”.
A judge has signed off on a settlement that releases ANZ from two class actions by 7-Eleven franchisees that alleged the bank engaged in unconscionable conduct and breached responsible lending laws by providing loans to purchase outlets of the convenience store giant.
The lead applicant in a class action against 7-Eleven has appealed a ruling that denied its bid to block the convenience store chain from seeking litigation releases from franchisees upon renewal of their contracts.
Appco has agreed to hand over insurance policy documents to the lead applicant in a $90 million sham contracting class action, amid concerns about the dire financial state of the fundraising company as the matter moves towards mediation.
A judge overseeing a consolidated class action against four AMP subsidiaries and two trustees over allegedly excessive superannuation fees has ordered the respondents to coordinate after the lead applicants raised concerns about duplication of work.
Fundraising company Appco has told a judge overseeing a $90 million sham contracting class action it is "running out of money" and wants to mediate the dispute as soon as possible.
A judge has shot down a bid by class action applicants to block 7-Eleven from seeking litigation releases from franchisees on contract renewal, saying there was no evidence the convenience store giant had acted unlawfully.
A judge has refused an application to suppress the identity of a franchisee giving evidence in two class actions against 7-Eleven despite the individual's fears he may lose his franchising licence as retaliation by the global convenience store giant.
Almost 7,000 disabled workers have been repaid $109 million in wages as part of a class action settlement distribution that has been called a "fitting end to an historic fight".