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The Public Trustee of Queensland asked a court Wednesday for indemnity costs from a global litigation funder its says was the "real moving force" behind a dismissed investor class action it called a "nakedly speculative venture".
The amicus hired to assess the funder's cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has told the judge that if he's considering approving a funding equalisation order, he should “start with a blank piece of paper” in calculating a reasonable funder's commission.
The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was "no way" he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.
A legal stoush over a "secret" side agreement between the lead applicant in a shareholder class action and a litigation funder has been shut down, with the Full Federal Court on Monday dismissing an appeal by the applicant.
A "secret" side agreement between the lead applicant in a shareholder class action and a litigation funder is at the centre of a dispute in the Federal Court that is delaying distribution of a $19 million settlement in the case.
The former directors of defunct financial advisory firm Storm Financial have filed an appeal after the Federal Court slapped them each with a $70,000 fine and banned them from managing corporations for seven years.
A judge has denied an attempt by adult exhibition operator Sexpo to gain pre-litigation access to documents held by members of a movement that last year linked the exhibition to child pornography, saying Sexpo had not establish a belief that the statements damaged its reputation.