Apple and Google have been hit with class actions alleging they violated competition laws by charging customers inflated commission on certain apps and in-app purchases.
A judge has signed off on a $56.3 million settlement in a class action against wealth manager Colonial First State that will see Maurice Blackburn earn $14.5 million in costs, saying it was a good example of the class action regime in operation.
A judge has granted a litigation funder for two franchisee class actions against 7-Eleven an interim payment to cover its costs ahead of a ruling on how much it can pocket from a $98 million settlement.
The federal government said Friday it would consider the implications of an appeals court’s finding that the managed investment scheme structure was unsuited to class actions, a ruling it said was a victory for ordinary Australians and a vindication for Labor.
The ruling by the Full Federal Court that funded class actions are not managed investment schemes marks the end of an ill-considered regime enacted by the Morrison government to rein in class actions, but the debate over regulation of litigation funders is not over yet.
In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.
A victor remains to be crowned following a heated beauty parade between competing class actions against tech company Nuix, with two law firms facing criticism for their “cumbrous” consolidation proposal and a third firm copping flak for its “opaque” financials.
The ACCC has raised concerns that Canada-based Dye & Durham’s proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.
A judge has allowed two law firms to jointly run a consolidated shareholder class action against dairy company a2 Milk, saying the arrangement was in the interests of group members and was “not novel”.
A litigation funder for two franchisee class actions against 7-Eleven has asked a court for a $16.6 million payout to cover its costs before a judge rules on how much it can pocket from a $98 million settlement.