Medibank has lost its bid for class closure orders that would have required group members in a shareholder class action over its 2022 data breach to register prior to mediation to receive part of any settlement, with a judge finding it was “not appropriate” to exclude them from any deal struck shortly before trial.
A judge has ordered Crown Resorts to share the costs of soft class closure with the plaintiff in a shareholder class action accusing it of lax anti-money laundering compliance, saying that soft class closure ahead of mediation was in the interests of both parties.
A judge has signed off on a 27.5 per cent group costs order in a consolidated shareholder class action against Medibank over a cyberattack that affected 10 million customers, noting the “significant risk” taken on by the two plaintiff law firms running the action.
Crown Resorts is seeking $10 million in security for costs from the law firm running a shareholder class action accusing it of lax anti-money laundering compliance, arguing the sum is justified in light of the firm’s potential recovery under a tiered group costs order.
A judge has cautioned two law firms running competing shareholder class actions over last October’s cyber attack on Medibank that they must keep their focus on the best interests of clients and group members, saying lawyers can lose sight of that duty when arguing for their case.
A former PricewaterhouseCoopers client who is suing the accounting firm over the $88 million sale of wholesale food company Hudson Pacific to Retail Food Group in 2016 has agreed to keep a Melbourne property off the market, but the company has not ruled out a bid for security for costs.
A Chinese crypto miner has won its equipment back, for now, after a Melbourne business it charged with looking after the machines allegedly allowed four other businesses to access them, culminating in a five-way stoush involving an ambulance and police.
A judge has rejected Crown Resort’s bid to appoint a contradictor to fight a group costs order being sought in a shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.
Crown Resorts has asked the court to appoint a contradictor to fight against a group costs order sought in shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.
The Victoria Supreme Court will hold two passwords for Bitcoins in a secure location after a judge found that the loss of the passwords could lead to the destruction of $10.3 million worth of cryptocurrency at the heart of lawsuits involving the collapsed Blockchain Global Limited.