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The funder and law firms that ran a shareholder class action against BHP over the collapse of the company's Samarco Fundão dam in Brazil will seek approval for deductions that will see half of the $110 million settlement go to group members.
A judge will appoint a contradictor to weigh in on a class action's novel bid to vary the rate of a group costs order, just two months after the court approved a lower rate than was sought by the firm that's running the case.
In the wake of a judgment that Apple and Google misused their market power in running their app stores, the tech giants are fighting injunctions proposed by Epic Games, which they say go beyond the case argued at trial.
Piper Alderman claims a judge erred in finding there was no evidence that an agreement between Maurice Blackburn and Phi Finney McDonald to cooperate in running an ad tech class action against Google was struck for an anti-competitive purpose.
Saying the appeals court committed "fundamental errors" in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.
A judge has put off deciding what damages group members are owed in two class actions against Apple and Google after finding the tech companies engaged in anti-competitive conduct in the app marketplace.
A shareholder class action over BHP’s disclosures about a Brazilian dam that collapsed 10 years ago has settled for $110 million on the eve of trial, one of a handful of class actions to settle for over $100 million.
Two failed shareholder class actions against Commonwealth Bank have been returned to a judge to decide if 'no transaction' claims can still be pursued, a move CBA argues is a way to keep alive cases that are “truly dead”.
Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions' bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.
Piper Alderman is appealing a decision that stayed its competition class action against Google in favour of a competing case, saying group members had been deprived of a "substantially superior" funding model.