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A judge has approved a $9.5 million settlement in a class action against McMillan Shakespeare as fair and reasonable, allowing a common fund order and a nearly 30 percent commission for the litigation funder despite previously raising "real concerns" about the small portion flowing to group members.
The funder behind a class action against McMillan Shakespeare has warned against the court beating it up like a 'pinata' in a settlement approval hearing in which the judge expressed "real concerns" about the portion of a $9.5 million settlement earmarked for group members.
A judge has sided with five investments banks and rejected a bid to amend a class action alleging a series of cartel agreements to rig foreign exchange rates, saying there were "substantial problems" with the proposed pleadings.
A judge has blasted AMP for dragging a fight over documents to court this close to Christmas, after software company DST Bluedoor revealed it is seeking $35.5 million in loss and damages against the financial services firm for allegedly inducing 11 employees to jump ship after licensing its online advisor platform.
The NSW government cannot assert public immunity over cabinet documents sought in a case brought by the ACCC over an allegedly anti-competitive agreement for the privatisation of Port Botany and Port Kembla.
EnergyAustralia will cough up $1.5 million in penalties for wrongfully disconnecting eight customers facing serious financial hardship.
Real estate investment giant Cromwell Property Group will not get the court's help in pursuing a case of "unlawful association" against its largest shareholder, Singapore-based ARA Group, which has made a $518 million hostile takeover bid, and the family of Chinese billionaire Gordon Tang.
A judge has sided in part with QBE Insurance and pared back a class action over allegedly worthless add-on insurance sold by ANZ to credit card and personal loan customers.
McMillan Shakespeare has settled a class action alleging one of its units engaged in unfair tactics and unconscionable conduct in the sale of car warranties that offered "no benefit or value" to consumers.
Insurer QBE wants to downsize a massive class action brought against it and banking giant ANZ over the sale of allegedly worthless add on insurance.