A judge is mulling whether to declass a group proceeding against the Australian Football League and Geelong Football Club, saying after three years of pre-trial procedures, the case is officially “out of hand”.
The Australian Football League and Geelong Football Club have brought applications seeking to strip a case over on-field concussions of class action status.
A judge has stripped a group proceeding against a Melbourne law firm of class action status, finding each of the firm’s 700 clients had “factually discrete” claims.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
A law firm facing a representative proceeding for allegedly giving negligent advice to 700 survivors of institutional child sexual abuse is seeking to strip the case of class action status.
A judge has ruled that two Deloitte partners can act as administrators for embattled wealth manager Keystone, replacing two voluntary administrators from KordaMentha, despite an alleged risk of conflict due to past work for the company.
ASIC has won its bid to appoint receivers to a managed investment scheme run by Keystone Asset Management after expressing “grave concerns” that investor funds were used to pay sports stars and buy a $4.3 million home for its former director.
A judge has struck out an allegation by the builder of Sydney’s Opal Tower that insurer Liberty Mutual breached its duty of good faith and has warned Icon to carefully consider whether to re-plead the claim.
The builder of Sydney’s troubled Opal Tower has brought a claim for indemnity against insurer Liberty Mutual, which has already agreed to pay out $22.5 million, claiming it is owed a total of $12.5 million for its costs in defending a class action by residents.
A judge has expressed concern about the Australian Securities and Investments Commission’s suspicion that a former director of Keystone Asset Management may have used investor funds to purchase a house in his wife’s name, calling it “alarming”.