After initial qualms, a judge has signed off on a $29.5 million settlement in a class action against recycling company Sims that includes a “staggering” $8.5 million in legal costs and an insurance policy buffering the funder from adverse costs.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.
A former director of Spaceship Capital Limited has succeeded in overturning a banning order imposed by ASIC, with a tribunal finding he may have been kept in the dark about the software bug that led to the ban.
A judge has found Shenzhen-based based radio manufacturer Hytera engaged in “substantial industrial theft” by appropriating Motorola’s source code for its digital mobile radios and should be on the hook for additional damages for “flagrantly” infringing Motorola’s copyright.
The Victoria Supreme Court has dismissed a bid to quash the Environment Protection Authority’s decision to renew the mining licences of the state’s three remaining coal power stations, in a test case for the state’s Climate Change Act.
A judge has thrown out a long-running class action on behalf of 20 local councils in NSW alleging insurer JLT Risk Solutions charged them hundreds of millions of dollars in excessive premiums over nine years.
The Australian Competition and Consumer Commission has agreed to grant Booktopia more time to pay a $6 million penalty over an alleged misleading refund policy, after the online book retailer suffered a “massive fall” in its share price.
Two Dixon Advisory insurers have lost a bid to limit the details of insurance policies handed over to a class action purported to worth $463 million, after a judge’s ruled the collapsed wealth manager should disclose its insurance for liability in the case.
A class action on behalf of businesses claiming harm from the 2020 hotel quarantine debacle has fought back against the state of Victoria’s bid to push the case off until a criminal action against the state’s Department of Health has been heard.
A judge has granted a law firm’s bid for a group costs order in a shareholder class action against payments processing company EML, but has trimmed its proposed cut of any recovery after comparing it to the contingency fee rate the firm accepted in another class action.