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The litigation funder at the centre of a challenge by Westpac to the Federal Court's power to make common fund orders faced a fiery judge in a tense exchange Friday, after it revealed it was weighing a bid to pause a class action against the bank until after the appeal.
The funders of two class actions against a trustee of failed investment groups LKM Capital and GR Finance have agreed to cut their commission by 15 percentage points.
Litigation funder JustKapital went on the attack in court on Wednesday, saying Westpac's objections to the terms of a proposed funding order in a class action against the bank were dangerously suspect.