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Boutique law firm Phi Finney McDonald is investigating a potential shareholder class action against BHP Billiton over the fatal Samarco disaster in Brazil, which saw the market value of the mining giant plummet by $25 billion.
A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a "super deal" and Quinn Emanuel besting that with a funding arrangement to "shake up" the market.
Law firm Quinn Emanuel has filed the first shareholder class action against AMP ahead of the beleaguered company's annual general meeting on Thursday.
The judge presiding over jostling shareholder class actions against logistics software company GetSwift suggested on Tuesday a "bill of peace" to join the actions, but lawyers leading the competing cases warned of the "economic hazard" of a merger.