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Brick by brick, the claim that funded class actions are the primary driver of rising directors’ liability insurance premiums is being dismantled. Even more precarious is the claim that the Commonwealth government’s continuous disclosure reforms are the answer and will result in enormous savings for Australian business, says Omni Bridgeway managing director and CEO Andrew Saker.
A green activist who filed a group proceeding alleging the government failed to disclose the impacts of climate change to investors in sovereign bonds does not have a common interest with group members and should have her lawsuit declassed, a court has heard.
A judge has grudgingly agreed to allow a law firm to run an investor's case against S&P Global over ratings on toxic financial products separately from a class action that makes the same claims, but was warned of the "costs consequences" of the parallel proceedings.
The government of the Northern Territory will pay $35 million to settle a class action on behalf of 1,200 young people who allegedly suffered human rights abuses while they were in detention, including excessive force, handcuffing, strip searching and isolation in cells.
A landmark ruling on a bid for a contingency fee in a class action is close, a judge said Tuesday as she heard argument in a class action against Treasury Wine Estates on whether an opt out notice should be sent to shareholders ahead of a group costs order.
A judge has put off next month's trial in one of two class actions brought by local councils against insurance JLT Risk Solutions over allegedly excessive premiums, but said the adjournment application would likely have failed if either side had put up a fight.
A judge has agreed to temporarily suppress publication of a deed of settlement in a class action against the Northern Territory by youth detainees but ruled disclosure of the settlement sum is in the interests of justice and should not be kept secret.
The lead applicant in a class action against CBA does not have the right to view fund management documents relevant to the case despite representing group members who share joint privilege with the bank over material, a judge has said, acknowledging the decision could create difficulties in class action proceedings.
The number of lawyers involved in a class action against 3A Composites over allegedly combustible cladding is set to balloon, with the German cladding manufacturer lobbing cross-claims against nine different parties.
Law firm Levitt Robinson has agreed to remove a series of Google ads promoting a class action against retirement home provider Aveo Group on behalf of residents over changes to the terms on which they could re-sell their units.