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Macquarie is fighting a bid to amend a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO only months out from trial, calling the changes “unclear and unfair”.
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.
A judge has expressed concerns about a funder's novel application for its costs in a partially settled shareholder class action over the collapse of mining company Cudeco, saying everyone was getting a payday except group members.
Iplex Pipelines has argued builder BGC should hand over documents relating to its estimate that it will cost $123 million to fix homes it claims were fitted with faulty pipes manufactured by the Fletcher Building unit.
A court has approved Crown Resorts' $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff's law firm.
A judge has questioned why group members in a shareholder class action against Crown Resorts must wait until mid-2026 to receive the first slice of a $73 million settlement, which has already been paid by the casino operator.
Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.
A judge has OK'd a settlement in a class action against Treasury Wine Estates, along with $27 million in fees charged by Maurice Blackburn and Slater & Gordon, after initially questioning the difference between the firms' rates.
A judge has balked at Maurice Blackburn's hourly rates in a jointly run class action against Treasury Wine Estates, questioning why the firm charged 20 per cent more than fellow preeminent class action firm Slater & Gordon.