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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”.
Mercedes-Benz has hit back at a class action over alleged emissions cheating, denying its cars were fitted with defeat devices and arguing any engine features found to act as such devices were needed for safety.
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.
Construction PRO
Carlisle Homes has prevailed on a preliminary question in a dispute with Nexus Office over alleged defects in a Nexus Mulgrave rental space, with an appeals court finding an expert had not properly determined the dispute.
A judge has adjourned a hearing seeking approval of a $37.35 million settlement in a shareholder class action against EML Payments over concerns about the exclusion of late registrants and claims.
The judge overseeing a class action against TeleChoice has told the parties to be “prepared to spend the money” to advance the case after settlement talks stalled, saying the court is “not going to allow this to drag on”.
Shine Lawyers has withdrawn an application to increase its payout from a class action against EML Payments, which has settled for $37.2 million.
The contingency fee rate sought by Shine Lawyers in its bid to vary a group costs order in a class action against EML Payments has been revealed as the percentage profit it initially proposed to a judge, who took an ax to it three years ago.
Shine Lawyers has come under fire from a judge, after the firm filed an application to materially vary a 24.5 per cent group costs order in a settled shareholder class action against EML Payments.
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.