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Full Court to weigh in on class closure in Boral class action
The Full Court is set to examine whether the Federal Court has the power to make class closure orders prior to mediation, weighing on one of the biggest unanswered questions vexing the class action regime.
KPMG principal director was told to adjust to partner’s ‘aggressive, belittling’ conduct, suit says
KPMG has been hit with a lawsuit by a principal director who claims he was told to "change and adjust" to "belittling and disproportionate attacks" by a partner on the debt advisory team.
Slater & Gordon’s former boss admits to ‘catastrophic error’
Former Slater & Gordon managing director Andrew Grech has told the Federal Court he regretted his "catastrophic error" in approving the $1.2 billion acquisition of Quindell's professional services division, which resulted in massive losses for the plaintiffs law firm.
Arnold Bloch Leibler to pay $28M in class action settlement
Law firm Arnold Bloch Leibler will part with $28 million in its settlement with Slater & Gordon shareholders over advice ahead of the plaintiffs firm's disastrous $1.2 billion Quindell acquisition.
Lawyers, funder want 35% cut of $125M Crown class action settlement
The lawyers and funder behind a shareholder class action against Crown Resorts will be asking the court to approve fees and commission worth 35 per cent of a $125 million settlement with the gaming giant, leaving over $81 million for group members.
Judge questions why fees, commission missing from Crown settlement notice
A judge has directed that the legal fees and funding commission sought to be deducted from a $125 million class action settlement with Crown Resorts be included in a proposed notice to shareholders, after learning that group members were forced to click through to Maurice Blackburn's website to find the "critical" figures.
Monsanto may face claim for exemplary damages in Roundup class action
A class action on behalf of people who claim they developed non-Hodgkin lymphoma after using Monsanto's Roundup weed killer will argue the agrochemical giant should be hit with exemplary damages for its negligence in selling the herbicide, which the company allegedly knew caused cancer.
EY was ‘uncooperative’ during Slater & Gordon audit, court hears
A former partner at accounting firm Pitcher Partners has told a court that he had issues working with Ernst & Young on an audit of law firm Slater & Gordon, calling the Big 4 firm "uncooperative".
Ex-Pitcher Partners boss agrees Slater & Gordon audit went ‘off the rails’
A former partner at accounting firm Pitcher Partners has testified during a shareholder class action trial that he should have questioned statements about the viability of Slater & Gordon’s $1.2 billion Quindell acquisition, but ran out of time because its audit of the firm went “off the rails”.
Judge shoots down Colonial First State’s bid for warning in class action opt out notice
A judge has knocked back Colonial First State’s bid to warn around 100,000 group members that even if they opt out of a class action against the wealth management firm they might still be bound by the outcome of the case.