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A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.
A judge has cut a funder's commission by 33 per cent after approving a $20 million settlement in a sham contracting class action against telco contractor BSA Limited, finding that funders should receive “significantly lower” payouts in employment cases.
A judge has approved a $33 million settlement in a class action against vocational education provider Box Hill Institute, but taken the ax to a law firm's proposed 18.25 per cent loading on its fees, saying courts shouldn't approve uplifts for run of the mill legal work.
Nuix has pointed the finger at its accountant PricewaterhouseCoopers in the software company's defence to a class action over a prospectus for its $1.8 billion IPO two years ago.
A class action against Bayer over its allegedly defective Essure contraceptive devices has admonished the drug manufacturer’s bid to shield emails considered privileged in similar US litigation, arguing “thoughts and prayers” are needed to sustain the claim.
Vocational education provider Box Hill Institute has agreed to pay $33 million to settle a class action by students who allege the diploma they obtained through the institute did not give them the knowledge or training needed to obtain a commercial pilot's licence.
The lead applicant in a class action against Bayer over its Essure contraceptive device has admonished the drug maker’s request for her medical records since the age of 14, saying it had “no basis” and was a “fishing exercise”.
Vocational education provider Box Hill Institute has reached an in-principle settlement in a class action by disgruntled students who allege the licences they obtained through the institute did not provide them with the requisite knowledge or training to obtain a commercial pilot's licence.
Law firms Shine Lawyers and Phi Finney McDonald have won a contest to jointly run a class action against embattled tech company Nuix, with rival Banton Group losing out on its “opaque” funding agreement.