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Litigation funder Augusta Ventures has won its challenge to a landmark ruling that it pay $3.1 million in security for the costs of two Fair Work class actions it is financing on behalf of casual mine workers.
Facing an uphill battle to win approval for a $1.9 million settlement in a sham contracting class action against fundraiser Appco Group, a lawyer for the case has told a court there is no money left to pursue.
Drakes Supermarkets is facing a class action alleging it failed to pay staff at its Foodland and Drakes stores for time worked in excess of rostered hours, the latest on a growing list of supermarket chains to be stung by an underpayments class action.
A judge has said further investigation into the financial position of Appco Group is needed before he can sign off on a $1.9M settlement in a $65 million sham contracting class action against the fundraising company, under which litigation funder Harbour would get a 50 per cent cut and group members would recover “diddly-squat”.
A $65 million sham contracting class action against fundraising company Appco has settled for just $1.9 million, leaving the company's allegedly underpaid army of sales staff with "limited" recoveries of between $770 and $2,320.
Woolworths-owned liquor store chains BWS and Dan Murphy's are facing a class action investigation for allegedly underpaying staff.
International direct marketing company Aida Sales and Marketing has settled a multimillion-dollar group action accusing it of engaging in wage theft and sham contracting.
Fundraising company Appco has reached a settlement to resolve a class action alleging it misclassified its army of sales people as independent contractors.
The law firm running an underpayments class action against petrol convenience store chain On The Run has been ordered to issue a notice correcting certain statements made on its website about the company and the class action, including that the claims in the case are worth up to $70 million.
The Australian Securities and Investments Commission told the government's class action inquiry that it was committed to making the existing class action regime work with upcoming regulations that will spell the end of its "light touch" approach to litigation funders.