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A judge has approved a $1.3 million settlement in a class action by investors in a Melbourne apartment development, despite reservations about the lion’s share going to the law firm that brought the case.
Construction PRO
A luxury Aqualand development in Milsons Point can't undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects.
Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.
A law firm fighting for carriage of class actions against Hyundai and Kia has argued competing proceedings with a lower funding rate should not have a leg up, saying the rival firm’s budget was a "fantasy".
Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.
Construction PRO
The developer of a Sydney apartment block has appealed a decision that awarded the owners corporation $1.95 million, arguing the owners may have manufactured a relationship breakdown to escape their obligations.
Construction PRO
An RSL club can raise a set-off defence against a subcontractor’s claim under the Contractor’s Debt Act, after a judge rejected the subcontractor’s argument that the defence was barred by a provision of the SOPA.
Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients' best interest.
A judge has approved a bid to discontinue a class action against Apple over updates that allegedly “throttled” the performance of iPhones, after the lawyers running the case failed to secure litigation funding.
A lawyer acting for two senior Super Retail Group employees presented a PowerPoint to solicitors for the company on the damage to its share price if his clients' allegations went public, court filings say.