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The High Court has agreed to weigh in on two failed shareholder class actions against the Commonwealth Bank, in a case that could clarity the elusive test for damages in shareholder class actions.
Macquarie is fighting a bid to amend a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO only months out from trial, calling the changes “unclear and unfair”.
The law firm running a class action against Origin Energy has argued the case is “financially unviable” if it is stuck with a 30 per cent contingency fee ordered by the court, in the first-ever application to vary a group costs order.
A hearing on the relief Fortnite maker Epic Games is entitled to in its successful competition case against Google and Apple could be affected by a hearing on a worldwide settlement reached by Google, a judge has said.
Class action lawyers are expecting to see an increase in consumer and privacy cases this year, as well as a reinvigoration of shareholder litigation following a string of prominent losses, and many are counting on the High Court to clarify legal questions hanging over plaintiffs.
Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.
Orders proposed by Apple after a judge’s finding that the digital giant and rival Google engaged in anti-competitive conduct would “rob the court’s findings of their detail, their efficacy and their bite”, Epic Games has said.
The lead applicant in a class action challenging Victoria Police's use of capsicum spray during a protest over the International Mining and Resources Conference in 2019 has been awarded $54,000 in damages.
The judge overseeing a jointly run class action against Google, which has already fended off a third proceeding in a contest to pursue the digital giant, will not keep the case waiting for a looming fourth action.
A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK'd fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.