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The lead plaintiff in a class action alleging NSW Police conducted illegal strip searches at music festivals has argued the state cannot rely on a defence that the searches were a reasonable exercise of power, after a recent judgment found the defence does not apply to unlawful arrests.
A judge has signed off on a $23.1 million cut for funder Augusta of a $100 million settlement in a class action against Colonial First State, which he previously called "strange" and said may not reflect the risk the funder shared with Slater & Gordon in running the case.
A judge has signed off on an agreed-to $5 million penalty against Noumi in ASIC proceedings for violating its continuous disclosure obligations and found the food company's non-disclosures caused it shares to trade at an inflated price.
In the first-ever settlement approval hearing involving a group costs order, a contradictor has argued that Slater & Gordon should have provided the court with more information on legal costs and internal rate of return as part of its bid for a $12.8 million contingency fee.
The ex-chair of former ANZ unit OnePath “has not been cooperating” in a class action alleging it breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers, a court has heard.
A unit of Insignia Financial, formerly IOOF, has paid $10.7 million in infringement notices for allegedly failing to put members’ default superannuation contributions into MySuper products.
Noumi has agreed to pay a $5 million penalty for violating its continuous disclosure obligations in a case brought by the corporate regulator, but the applicant in a shareholder class action against the food company says the sum should be reserved to compensate group members.
Plaintiff law firm Slater & Gordon has admitted to a payroll error affecting at least 100 current and former employees that has resulted in underpayments of at least $300,000.
A judge has questioned the law firm running a class action against medical glove maker Ansell on its application for a contingency fee rate of 40 per cent, which would equal the highest rate granted since Victoria allowed firms to earn a percentage profit of a group proceeding.
Four insurers have argued that class actions over alleged business interruption losses during the height of the COVID-19 pandemic should be de-classed, with one insurer saying group members cannot “go behind” a Full Court decision denying coverage for certain policyholders.