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A judge has declined to make orders blocking a general meeting of the members of Cryptai, a company with a significant shareholding in Sam Altman-backed Ai company Rain Neuromorphics, in order to consider a share sale.
A judge has approved a common fund order awarding $6.88 million to the funder behind a class action against Fonterra that settled for $25 million, opting not to wait for a much-anticipated appeals court ruling on the power to make CFOs at settlement.
A judge has indicated his willingness to approve a $25 million settlement in a class action against dairy co-op Fonterra, but deferred the question of the funder's cut until after the Full Court rules on whether the court has the power to make a common fund order at settlement.
Group members in a class action against Fonterra are set to reap about $13 million from a $25 million settlement reached with the dairy company, following deductions including the costs of the litigation funder’s after-the-event insurance.
Fonterra has agreed to shell out $25 million to settle a class action by dairy farmers alleging they were underpaid when Fonterra slashed milk prices and sought a “clawback” in 2016.
Australia's largest milk producer Van Dairy has hit Fonterra Australia with lawsuits alleging the processor misled farmers and engaged in unconscionable conduct when it slashed milk prices in 2016.
In a victory for Victorian independent candidate Zoe Daniel, the state's Supreme Court has found that promotional signs displayed on lawns did not fall foul of a local council ban on unauthorised displays.
Dairy co-operative Fonterra has lost a bid to keep the company's name out of the domain of a website to be set up for a class action brought by farmers alleging they were unlawfully underpaid when Fonterra slashed milk prices and sought a "clawback" in 2016.
Fonterra has hit back at claims in a class action that the dairy giant misled farmers and breached its supply agreements when it slashed milk prices and sought a clawback in 2016, saying it warned farmers of the "extreme" volatility in the market.
Fonterra could bring counter-claims against dairy farmers that brought a class action alleging they were unpaid when the company slashed milk prices in 2016, a court has heard, after debt recovery proceedings by Fonterra against the lead applicants were joined with the class action.