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Contingency fees for class action lawyers are allowed, says Full Court
Class Actions 2024-07-05 11:05 am By Cindy Cameronne

Lawyers are allowed to take a cut from a class action settlement or judgment under a so-called solicitors’ common fund order, the Full Federal Court has ruled, saying they are a permissive use of the court’s power.

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Solicitors’ CFO ruling to bring more class actions to Federal Court, firms say
Analysis 2024-07-05 11:45 pm By Cindy Cameronne

The Federal Court is set to become a more attractive forum for class actions now that the Full Court has confirmed it has power to make orders granting solicitors a contingency fee from any settlement or judgment in a group proceeding.

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Ashurst, LegalVision sued over Woolworths lease transfer advice
Real Estate 2024-07-05 11:03 pm By Cat Fredenburgh

A unit of petrol store chain EG Australia has sued Ashurst and LegalVision alleging they breached their implied duty of care through advice given to Woolworths about the assignment of a disputed Sydney petrol station lease.

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PayPal’s 60-day complaint deadline in small biz contracts unfair, judge says
Fintech 2024-07-05 3:27 pm By Sam Matthews

The corporate regulator has secrued orders barring fintech giant PayPal from enforcing a term in its contracts with small businesses that set a two-month deadline for complaints about excess fees.

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DePuy class action member loses challenge to compensation, 12 years after settlement
Class Actions 2024-07-05 10:41 pm By Sam Matthews

A group member in a class action against Johnson & Johnson unit DePuy International has lost his bid to challenge his compensation determination 12 years after the case settled, with a judge finding that the independent counsel conducting the determination was not bound by the rules of procedural fairness.   

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Law firms take aim at rival’s ‘copied’ pleadings in battle to run IC Markets class action
Class Actions 2024-07-04 11:08 pm By Sam Matthews

In a contest to run a class action against International Capital Markets over risky derivative products, a proposed consolidated proceeding has taken aim at third-to-file Banton Group for allegedly copying its case. 

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Santos wins bid for EDO communications as it pursues costs in Barossa pipeline case
Energy & Natural Resources 2024-07-04 11:01 pm By Cat Fredenburgh

Santos has largely succeeded in its bid for documents from the Environmental Defenders Office and expert witnesses in a failed case challenging the construction of the oil and gas company’s $5.6 billion Barossa pipeline.

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Delta Building appeals $1.5M fine in National Gallery bid rigging case
Appeals 2024-07-04 12:07 pm By Cat Fredenburgh

Industrial technology company Delta Building Automation has appealed a $1.5 million penalty for attempting to rig a bid for construction work on the National Gallery of Australia, a penalty five times the amount it claimed it should face.

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PwC to pay $8.25M to settle class action over bond prospectus
Class Actions 2024-07-03 11:30 pm By Cat Fredenburgh

PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action’s claims.

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Nine fights Westpac’s bid to block media from reporting on ex-head of strategy’s case
Employment 2024-07-03 11:44 pm By Christine Caulfield

The Federal Court must guard against “exceptions by accretion” when weighing Westpac’s application to prevent the public from accessing documents filed in a lawsuit by the bank’s former head of strategy, which has resolved in a confidential settlement, a judge heard Wednesday.

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