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Funder sells interest in combustible cladding class actions for $20M
The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.
‘Welfare dependency’ relevant in age pension class action, court told
Fighting a class action that claims the age pension discriminates against Indigenous Australians because of differences in life expectancy, the Commonwealth says the rate of welfare dependency among Aboriginal and Torres Strait Islanders could impact the case.
Ben Roberts-Smith to call last-minute witness over alleged Easter Sunday killing
Alleged war criminal Ben Roberts-Smith has won a bid to call a troop commander known as Person 81 in his defamation trial against Fairfax Media, despite the media company’s objections.
French Bulldog breeder wins defamation case over ‘puppy farm’ Facebook posts
A French Bulldog breeder has won a defamation case over Facebook comments calling her business a ‘puppy farm’.
In tossing inventor’s IP challenge, Full Court says essential oil a ‘staple commercial product’
The Full Federal Court has rejected an Australian inventor’s appeal of a ruling that found three manufacturers of essential oil products did not infringe his patent because the oil was a “staple commercial product”.
EY settles class action claims over Slater & Gordon audits
Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm's disastrous $1.2 billion acquisition of UK insurance claims company Quindell.
‘This is not a computer game’: Thomson Geer rails against remote witnesses in negligence case
A judge has allowed three witnesses for HK Realway to give evidence by video link at an upcoming negligence trial against Thomson Geer, over protests from the firm, which said it would be inherently unfair.
Dover Financial, ex-director mull lawsuit against ASIC
Defunct financial advisory firm Dover Financial and its former director have taken ASIC to court seeking discovery as they mull a potential lawsuit against the corporate regulator.
Twigg family sues Pitcher Partners for $127M
The Twigg family has hit accounting firm Pitcher Partners with a lawsuit claiming it helped Max Twigg, race car driver and former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money for himself.
MIS regime ‘just cannot work’ for class action funding arrangements, court told
A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court Wednesday the decision was plainly wrong and the regime unworkable.