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After pocketing a partial settlement in the case, the funder behind a class action over the collapse of mining company CuDeco has copped criticism by a judge for defaulting on orders for security for defence costs.
A judge has rejected a bid by a shareholder class action against water treatment firm Phoslock and auditor KPMG to put off paying $1.6 million in overdue cash security while negotiations about an ATE policy are on foot.
A judge has bawled out lawyers in a case against water treatment firm Phoslock and auditor KPMG for putting forward a High Court ruling for the mistaken proposition that he had power to make the class closure order sought.
A long-running class action over the construction of the Sydney light rail that was revived by the High Court is heading to mediation, with a judge noting the challenges that lie ahead in determining all the claims of group members if the parties don't settle.
The Commonwealth has appealed a ruling that found the ATO knowingly received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him and skewered the office's “policy of wilful blindness” in pursuit of the debt.
A judge has approved a settlement with KPMG in a shareholder class action over the collapse of mining company CuDeco, as well as a distribution scheme that will see payments to the funder but not group members.
Litigation funder ILP has brought action against an investment firm over the company's contention that it breached an agreement to finance a patent case against Apple, describing the dispute as an attempt by law firm Gilbert + Tobin to claw back almost $1 million in fees.
A law firm partner working on a shareholder class action over the collapse of Blue Sky Alternative Investments has faced cross-examination by counsel for auditor EY over alleged delays in seeking to amend the case.
Pointing to a pattern of non-compliance with his orders, a judge hearing a shareholder class action over the collapse of mining company Cudeco has expressed concerns about “significant" delays in the case.
A judge has expressed concerns about a funder's novel application for its costs in a partially settled shareholder class action over the collapse of mining company Cudeco, saying everyone was getting a payday except group members.