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No win, no fee funding model carries Maurice Blackburn to victory in AMP class action contest
Class Actions 2019-05-23 10:29 am By Christine Caulfield

Maurice Blackburn’s shareholder class action against AMP — the only action not backed by a litigation funder — has been picked as the winner in a fierce battle of law firms vying to lead a high stakes case over the wealth manager’s fees for no service scandal.

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PWC claims privilege against self-incrimination in fight over Vocation audit files
Class Actions 2019-05-22 8:42 pm By Christine Caulfield

Accounting giant PricewaterhouseCoopers is resisting a notice to produce audit files in a consolidated shareholder class action over the collapse of education and training company Vocation, arguing its partners face a real risk of criminal and civil penalty proceedings and are entited to claim privilege against self-incrimination.

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Law firms to learn fate in AMP class action beauty parade
Analysis 2019-05-21 11:25 pm By Christine Caulfield

A ruling by a judge deciding a four-way contest to run a shareholder class action against AMP is expected this week, a judgment significant not just because it is the first time a court in Australia has been asked to choose among so many competing representative cases.

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Brambles shareholder class actions consolidated despite stalemate between firms
Class Actions 2019-05-10 2:17 pm By Cat Fredenburgh

A judge has consolidated two shareholder class actions brought against chain logistics company Brambles by Slater & Gordon and Maurice Blackburn, despite the rival firms failing to reach an agreement on the terms of the consolidation following a judge’s criticism of the class action “beauty parade”.

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Judge signs off on 25% cut for funders in Spotless class action
Class Actions 2019-05-09 4:01 pm By Cat Fredenburgh

A judge has approved funding terms in a shareholder class action against facility services company Spotless Group under which the funders will get no more than 25 percent of any net settlement or judgment.

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Fair Work Ombudsman wins appeal over CFMEU penalty in Hutchison Ports strike case
Employment 2019-05-03 12:00 am By Christine Caulfield

An appeals court has handed a win to the Fair Work Ombudsman in its battle for a multimillion dollar penalty against the CFMEU for coordinated strikes at two Hutchison Ports shipping terminals, finding a judge’s fine of just $38,000 did not cut it.

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AMP faces class action as Slater & Gordon’s ‘Get Your Super Back’ campaign heats up
Financial Services 2019-05-02 11:59 pm By Christine Caulfield

AMP is set to be the next target of a $1 billion class action blitz by Slater & Gordon on behalf of superannuation members, facing a case on behalf of over half a million Australians allegedly gouged by excessive fees on their AMP superannuation accounts.

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Vocus faces shareholder class action over profit downgrade
Class Actions 2019-04-30 12:11 pm By Christine Caulfield

Vocus Group has been hit with a shareholder class action alleging the telecommunications company made misleading statements ahead of a profit downgrade in 2017 that sent the price of shares tumbling.

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Ernst & Young might get dragged into Slater & Gordon class actions
Class Actions 2019-04-23 4:48 pm By Christine Caulfield

Accounting firm Pitcher Partners, which is facing two shareholder class actions over auditing work for Slater & Gordon, is considering filing claims of its own against the law firm’s current auditor, Ernst & Young.

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Ex-Slater & Gordon directors can’t dismiss Pitcher Partners’ cross claims in class actions
Class Actions 2019-04-09 4:56 pm By Christine Caulfield

A judge has rejected a bid by former directors of Slater & Gordon to throw out cross claims brought by Pitcher Partners in two shareholder class actions alleging the accounting firm wrongly signed off on the law firm’s financial reports ahead of a share price nosedive, saying it was possible Pitcher Partners’ claimed reliance on representations by the directors was reasonable.

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