A contractual dispute between a litigation funder and the lead applicant in a class action against S&P will not prevent the class action from progressing, with both parties giving undertakings to preserve the status quo while the feud remains on foot.
The litigation funder embroiled in a contractual dispute with a lead applicant in a class action against S&P Global is a stranger to the proceeding and has no right to demand to be served an application to pause the case pending the outcome of the contract spat, a judge has said.
One of the lead applicants in a class action against ratings giant S&P Global, which is involved in a dispute with the funder that’s backing the case, wants to look at the funding agreement signed by the class action’s other lead applicant.
The lead applicant in a securities class action against the directors and auditors of laser technology firm Arasor has been hit with costs for its “completely unsatisfactory” conduct in its failed pursuit of over $508,000 in legal costs spent in disputes with the ATO and funder International Litigation Partners.