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Battle to lead AMP action begins, and class members already winners, court told
Class Actions 2018-12-06 10:55 pm By Miklos Bolza Sydney
The showdown between five law firms vying to lead a class action over the AMP fees for no service scandal kicked off in the NSW Supreme Court Thursday with counsel for one case saying the contest, although costly and consuming, would ultimately be a win for all class action participants.
As AMP royal commission witness retires, class action parade begins
Class Actions 2018-12-05 10:35 pm By Christine Caulfield Melbourne
AMP's advice executive Jack Regan, the witness who aired the firm's fees-for-no-service dirty laundry at the Royal Commission, has retired, a day before five law firms compete to lead a class action over the scandal.
MacMahon shareholders to get 36% of $6.7M class action settlement
Energy & Natural Resources 2018-11-30 10:13 pm By Christine Caulfield Melbourne
Shareholders who registered for a class action against mining company MacMahon Holdings will get a $2.4 million cut of a proposed $6.7 million settlement, according to a notice sent to group members ahead of next week's settlement approval hearing.
Funders’ cut won’t exceed 25% in Spotless class action
Class Actions 2018-11-27 3:45 pm By Christine Caulfield Melbourne
The two funders paying for a shareholder class action against facility services company Spotless Group want 25 percent of any net settlement or judgment in the case, a rate that mirrors the commission approved in a common fund order now at the centre of a constitutional challenge.
Funder wants major role in common fund challenge
Class Actions 2018-11-12 8:58 pm By Miklos Bolza Sydney
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.
AMS says vaginal mesh claims don’t meet bar for class action
Product Liability 2018-11-08 2:45 pm By Cat Fredenburgh Melbourne
Medical device maker AMS has told the Federal Court that claims in a class action against it over allegedly defective pelvic mesh implants did not meet the standard for a representative proceeding.
Westpac life insurance class action stayed pending landmark appeal
Financial Services 2018-10-29 9:54 pm By Miklos Bolza Sydney
A class action against Westpac over allegedly excessive insurance premiums has been put on ice after funder JustKapital filed an application to stay the case in the wake of the bank's appeal challenging the court's power to make a common fund order.
Westpac fights Deloitte subpoena in life insurance class action
Class Actions 2018-10-24 9:35 pm By Miklos Bolza Sydney
Westpac is contesting a subpoena in a class action over allegedly excessive life insurance premiums for documents from Deloitte that may reveal how the bank chose the policies it offered.
AMS loses bid to restrict group size in pelvic mesh class action
Class Actions 2018-10-24 7:36 pm By Cat Fredenburgh Melbourne
The judge overseeing a class action against American Medical Systems over allegedly defective pelvic mesh implants has rejected the medical device maker's bid to alter the start date for a sub-group of class members.
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