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Class action funding arrangements that siphon off large percentages for commissions and legal fees are "unsustainable", Federal Court Justice Michael Lee said Monday.
The litigation funder at the centre of a challenge by Westpac to the Federal Court's power to make common fund orders faced a fiery judge in a tense exchange Friday, after it revealed it was weighing a bid to pause a class action against the bank until after the appeal.
A Federal Court judge on Friday called a request for particulars by Qantas "ridiculous", during the first hearing in a case brought by mechanics alleging they weren't pay allowances owed while working on assignment in Los Angeles.
ASIC has successfully opposed a Federal Court judge's push to appoint an independent referee in its case against AMP Financial Planning over alleged insurance churning.
A federal judge has lit a fire under the law firm leading the Westpac life insurance class action, saying if it wanted to apply for a stay while the bank appeals his common fund order, it should do so "immediately".
A federal judge has signed off on a funding agreement in an employment class action against Airservices, even as he acknowledged a pending challenge to a landmark ruling that established the right of the court to make a common fund order.
Westpac is challenging a judge's order that gives the funder backing a class action over life insurance premiums a 25 percent cut of any recovery.
ASIC has locked horns with a Federal Court judge over his proposal to appoint an independent referee in its case against AMP over insurance rewriting, with the regulator arguing the move would lead to delay and duplication of costs.
A Federal Court judge that threw out a consumer class action against MyBudget has denied the budget management company's bid for costs, finding the case was brought in the public interest.
The funder underwriting a class action against Westpac will take a 25 percent cut of the net -- not gross -- recovery sum to secure a judge's approval of a common fund order in the case.