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Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.
The funder of a class action over the Morrison government’s Robodebt scheme will seek a 15 per cent commission at an upcoming settlement approval hearing, a court has heard, after the case settled for a record $548.5 million.
The judge overseeing the Robodebt class action, which settled this month for a record $548.5 million, may put the settlement administration role out to tender, saying the sum earmarked for the job was "staggeringly large".
A class action over the Morrison government’s Robodebt scheme has settled for $548.5 million, the largest class action settlement in Australia’s history, on the back of damning revelations in a royal commission report released after the class action originally settled for $112 million.
The ATO has won its challenge to a finding that it waived privilege over draft expert reports in an email referring to its contents, with a court saying disclosure of the substance of information is not per se inconsistent with maintaining privilege.
A judge has balked at a suggestion by group members appealing a $112 million Robodebt class action settlement that the Commonwealth could represent the interests of people content with the deal.
A novel bid to appeal the $112 million Robodebt class action settlement and bring new claims off the back of damning revelations in a royal commission report faces “significant hurdles”, a judge has said.
A day after the National Anti-Corruption Commission closed its investigation of six officials linked to the Robodebt scandal, an appeals court has overturned a decision barring access by a campaigner to documents related to the disastrous scheme for collecting Centrelink debts.
Insurer Atradius has lost its bid to keep under wraps information supporting its application to publicly examine three KordaMentha directors about their administration of the Arrium Group after a judge found it would not prejudice a similar bid in related proceedings.
The Australian Securities and Investments Commission is fighting a challenge by three KordaMentha partners to the regulator’s decision to allow insurer Atradius to subject them to public examination over their administration of failed steel giant Arrium.