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Judge won’t toss claims in Fitch Ratings class action
Class Actions 2025-04-03 4:07 pm By Julia Kanapathippillai Sydney
Fitch Ratings has lost its bid for summary dismissal of claims in a class action over allegedly rosy ratings for risky derivative financial products issued 17 years ago on the basis that they are time-barred.
Law firm can’t dodge $5.4M security in Macquarie class action
Class Actions 2025-01-06 7:24 pm By Cindy Cameronne Sydney
Maurice Blackburn is stuck paying $5.4 million in security in a flex commissions class action against Macquarie, with a judge saying it represents a “business risk willingly undertaken”.
‘Replete with error’: Firm fights $5.4M security order in Macquarie class action
Class Actions 2024-11-28 11:13 pm By Sam Matthews Melbourne
A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender's costs, saying concerns about its borrowing capacity were “theoretical and speculative.”
With new self-funding model, class action firm’s promise to pay Macquarie’s costs not enough
Class Actions 2024-10-09 11:30 pm By Christine Caulfield
With its new business model of self-funding class actions, Maurice Blackburn can't get by with an undertaking to indemnify Macquarie for its costs if a case over flex commissions fails.
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