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James Estate Wines liquidator wins court OK to pursue $57M lawsuit against ANZ
Restructuring & Insolvency 2019-09-24 9:00 pm By Miklos Bolza

The special purpose liquidator appointed to four companies in the collapsed James Estate Wines group has been given the go-ahead by a judge to enter into a litigation funding arrangement with the conglomerate’s former director and pursue $57.1 million in potential claims against ANZ Banking Group.

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‘That’s something that happens in Victoria’: NSW judge hesitant to reallocate VW class actions settlement approval
Class Actions 2019-09-16 10:22 pm By Amelia Birnie

The judge overseeing multiple class actions against Volkswagen over its dieselgate emissions scandal has said he will “need persuading” before reallocating the settlement approval to a different judge, because “that’s something that happens in Victoria”.

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Judge signs off on contested common fund bid in $1B IAG insurance class action
Class Actions 2019-09-13 9:02 pm By Christine Caulfield

A judge has approved a common fund application in a class action against two IAG entities over add-on insurance said to be worth up to $1 billion, saying it was only fair to make all group members pay to fund the litigation.

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Property developer Ralan Group faces potential class action over collapse
Class Actions 2019-09-09 10:17 pm By Christine Caulfield

William Roberts Lawyers and a litigation funder are investigating potential claims by property purchasers and investors against Ralan Group after the developer entered administration and creditors were warned to “prepare for a poor outcome”.

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$29M Radio Rentals settlement clears hurdle after ex-CEO cries prejudice
Class Actions 2019-09-04 10:13 pm By Miklos Bolza

The $29 million settlement in the Radio Rentals ‘Rent, Try, $1 Buy’ class action is back on track after concerns by former CEO James Marshall about uncertainty in the deed of settlement were resolved.

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WorleyParsons ditches bid to close down class action mid-trial
Class Actions 2019-09-04 8:03 pm By Amelia Birnie

WorleyParsons has abandoned its mid-trial application to shut down a shareholder class action, amid uncertainty about whether the engineering company would be required to surrender its right to call reply evidence if it continued with its submission that it has no case to answer.

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WorleyParsons denies bid to shut down class action will spark ‘brave new world’
Class Actions 2019-09-03 9:32 pm By Amelia Birnie

Counsel for WorleyParsons has denied the engineering firm’s attempt to end a shareholder class action mid-trial would be the start of a “brave new world” of no-case bids in representative proceedings, saying this was a rare instance of a case with “no chance of success”.

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Radio Rentals, AIG to pay $29M to settle ‘Rent, Try, Buy’ class action
Class Actions 2019-09-03 10:43 am By Christine Caulfield

Radio Rentals and its insurer, AIG, have reached a $29 million settlement in a consumer class action alleging the company pushed misleading ‘Rent, Try, $1 Buy’ leases onto vulnerable customers.

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Radio Rentals, AIG ‘very close’ to settling consumer class action, court hears
Class Actions 2019-09-02 9:29 pm By Miklos Bolza

A consumer class action against Radio Rentals over its ‘Rent, Try, $1 Buy’ scheme is “very close” to settling, a court heard Monday, with just a few more days required to negotiate a final agreement.

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Shine faces battle to keep WorleyParsons class action alive
Class Actions 2019-08-29 9:30 pm By Miklos Bolza

Engineering firm WorleyParsons has told the Federal Court it will press forward with a no case application in an attempt to shut down a shareholder class action against it.

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