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The court's authority to shut down competing class actions is no longer in doubt after Tuesday's Full Federal Court judgment in the case against GetSwift, and while there is no "silver bullet" when it comes to how judges must deal with multiple proceedings, there are key factors to weigh, the appeals court said. Here, experts provide the big takeaways from the landmark ruling.
Law firm Quinn Emanuel Urquhart & Sullivan has launched a shareholder class action against engineering and infrastructure firm RCR Tomlinson after "catastrophic" losses caused by $57 million in write-downs on two of the company's North Queensland solar farms.
The Full Federal Court has dismissed a challenge to a ruling that chose one of three shareholder class actions to proceed against GetSwift, saying the court had the power to permanently stay competing cases. But an injunction blocking the losing law firms from communicating with clients was going too far, it said.
Litigation funder Regency Funding has sought leave to intervene as a major player in one of two challenges to the courts' powers to issue common fund orders in class actions, but it might have a fight on its hands.
A subsidiary of US-based PetroHunter Energy has defeated calls to toss its case over $70 million in allegedly unpaid contributions and contractual breaches stemming from a joint mining venture in the Northern Territory's Beetaloo Basin.
Quinn Emanuel has filed a class action against Volkswagen over cars fitted with defective Takata airbags, the seventh class action filed by the firm in what's been touted as one the largest consumer class actions in Australia.
A NSW Supreme Court judge said Monday it will refer to the Court of Appeal a challenge by car giant BMW to a common fund order proposed by law firm Quinn Emanuel Urquhart & Sullivan for its six class actions over Takata airbags.
Law firm Quinn Emanuel Urquhart & Sullivan will call in US experts to back up its proposed "step up" funding model as five law firms begin a high stakes battle to lead a shareholder class action against AMP.
A landmark ruling that transferred four competing federal class actions against AMP to state court will stand, with the law firms behind the cases opting out of a fight in the High Court.
BMW Australia plans to challenge the NSW Supreme Court's power to create a common fund order spanning six class actions brought against major players in the automotive industry over defective and dangerous Takata air bags.