A judge has signed off on a $23.1 million cut for funder Augusta of a $100 million settlement in a class action against Colonial First State, which he previously called “strange” and said may not reflect the risk the funder shared with Slater & Gordon in running the case.
A Gadens-led class action against former Quintis director Frank Wilson has settled, but a second class action filed by a rival firm has flagged a potential claim on the settlement funds over a cause of action said to have been “picked up parasitically”.
In the first-ever settlement approval hearing involving a group costs order, a contradictor has argued that Slater & Gordon should have provided the court with more information on legal costs and internal rate of return as part of its bid for a $12.8 million contingency fee.
The judge considering a $272 million settlement in class actions against Uber will appoint a pair of contradictors to advise her on the hundreds of objections lobbed against the agreement.
US footwear giant Crocs has reached a settlement with Mosaic Brands in a lawsuit accusing the Rivers owner of settling shoes that “flagrantly” copy the look of its unique 13-hole slip-on foam clogs.
Group members in a class action against ANZ over credit card interest charges that settled for $57.5 million are expected to take home at least 60 per cent of the settlement sum after legal fees and a funder’s commission are deducted.
Generic drug maker Mayne Pharma has resolved a shareholder class action centred on disclosures connected to price-fixing claims by US regulators.
Nine will pay $3 million to settle a class action over its coverage of litigation related to the 2004 Palm Island riots, it has been revealed, after the class action failed to suppress the settlement sum.
A class action on behalf of Axsesstoday bondholders has reached a settlement with accountants PricewaterhouseCoopers, with a court hearing that group members will get almost 50 per cent of the proceeds.
Five federal officers have dropped their defamation case against former ACT prosecutor Shane Drumgold over his complaint concerning their investigation into Brittany Higgins’ sexual assault claims against Bruce Lehrmann.