Events

The plaintiff in a class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has flagged a potential fight over the funder’s cut and legal fees to be deducted from an $18 million settlement.

The funder that bankrolled a settled shareholder class action against directors of collapsed mining company CuDeco and KPMG may face a haircut to its proposed 35 per cent commission after a contradictor was appointed to scrutinise the reasonableness of the rate.

A judge has knocked back a class action’s bid to revise its claims against KPMG and former Arrium directors mid-trial, saying the amendments made for a "vastly different" case.

A second shareholder class action has been launched against James Hardie over the building materials company's market disclosures, setting up a contest between two class action plaintiff heavyweights.

A former Macquarie director has given evidence that it would have been "prudent" for Nuix to have reduced its sales forecast, as a shareholder class action hearing over the software company's float on the ASX enters its third week.

The ATO has lost its appeal of a ruling that put it on the hook for $35 million after a judge found it received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him. 

HWL Ebsworth has lost its bid to summarily dismiss a former partner’s case alleging the firm unlawfully discriminated against him on the basis of age when it expelled him from the partnership.

The former majority owner of NY-based Infrastructure Capital Holdings has won its bid for documents ahead of mediation in a suit alleging Foresight Group Holdings undervalued the company's investments in Kinetic and Zenith Energy, which sold for a combined $5.7 billion last year.

M Resources Trading has won its challenge to a decision setting aside a $1.07 million statutory demand it issued to defunct mining company Australian Pacific Coal, with an appeals court finding there was no genuine dispute over the debt.

There is a time for everything, as Ecclesiastes says, but who has time for class actions that plead everything and the kitchen sink, a vexed judge wants to know, calling on litigants to home in on the real contest in their cases.