Mortgage broker Lendi Group and insurer ALI Group want to declass a junk insurance class action, telling a judge that even in a successful scenario, the more than 13,000 group members will be left to share only $2.5 million.
Two months after reserving judgment, an appeals court has allowed the Worley class action to reopen the case to offer its take on the relevance of the Full Court’s ruling last month in the CBA class actions.
A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.
The owners corporation suing Parkview Construction over alleged combustible cladding at the Australia Towers in Sydney Olympic Park is “hopeful” of a settlement being reached, a court has heard on the eve of trial.
Liquidators of collapsed Forge Group are close to settling their insider trading case against engineering and construction company Clough and former directors, a court has heard on what was to be the first day of trial.
A community group has filed a lawsuit over the government’s assessment of Santos’ Narrabri lateral pipeline, the latest challenge to the company’s $3.6 billion natural gas project in northern NSW.
Norton Rose Fulbright has lured two M&A parters from Squire Patton Boggs to join its Sydney office during a period of high demand.
Mortgage broker Lendi Group and insurer ALI Group want a proceeding on behalf of tens of thousands of Aussie Home Loans customers to be stripped of class action status.
Fonterra may face a class action for allegedly underpaying lab technicians since 2018, as the dairy co-op seeks to offload its Australian food unit.
An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.