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Litigation funder Investor Claim Partner won't promise it will maintain a lower commission rate in one of the Dick Smith class actions if mediation is delayed to next year.
Westpac-owned BankSA has admitted that convicted Ponzi schemer Michael Samra withdrew funds at "near excess" of the bank's limits and had insufficient money to honour cheques drawn on his company's bank account.
A Dick Smith shareholder has lost his bid to bring a separate proceeding against the failed home goods retailer while two class actions are afoot.
Litigation funder Regency Funding has sought leave to intervene as a major player in one of two challenges to the courts' powers to issue common fund orders in class actions, but it might have a fight on its hands.
Westpac has been ordered to pay a $3.3 million penalty for engaging in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, with a Federal Court judge admitting the fine was "inadequate."
Two far-reaching appeals challenging the court's power to order all members of an open class action to pay a litigation funder will be heard together, and soon, the Federal Court's top judge said Thursday.
The Commonwealth of Australia is weighing a bid to strike out Otsuka Pharmaceutical's defence as the government seeks lost subsidies after an almost seven-year long patent dispute over the antipsychotic drug, Abilify.
A Federal Court judge has rejected a revised pleading in a class action against Ford over its allegedly defective PowerShift transmissions.
The Australian Workers Union has called on the Federal Court to toss AstraZeneca's challenge to a decision that workers are guaranteed 10 days' sick leave regardless of how long their working day is.
A class action against Westpac over allegedly excessive insurance premiums has been put on ice after funder JustKapital filed an application to stay the case in the wake of the bank's appeal challenging the court's power to make a common fund order.