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Arnold Bloch Leibler wins access to Quindell due diligence docs
Corporate 2020-05-08 8:19 pm By Miklos Bolza

Arnold Bloch Leibler has been granted access to due diligence docs related to Slater and Gordon’s $1.2 billion acquisition of professional services firm Quindell, to use in its defence of a class action over advice it gave on the troubled acquisition.

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Judge OKs $49.5M settlement in NAB class action
Financial Services 2020-05-08 6:29 pm By Alison Eveleigh

A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ‘junk insurance’, including millions in fees for the firm that brought the case on a no-win, no-fee basis, despite calling the settlement sum a “substantial compromise”.

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7-Eleven class action trial delayed due to coronavirus
Class Actions 2020-05-08 6:06 pm By Miklos Bolza

The parties in two class actions against 7-Eleven brought on behalf of franchisees have agreed to delay an upcoming hearing by ten months, due to challenges with discovery, evidence and witness statements resulting from coronavirus-related restrictions.

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Early common fund order in stolen wages class action ‘greatly enhanced’ access to justice, judge says
Class Actions 2020-05-08 6:02 pm By Cat Fredenburgh

A common fund order made at the outset of a class action against the state of Queensland over stolen wages opened the historic $190 million settlement up to “thousands more” disadvantaged people who were affected by the state government’s “discriminatory, unjust…and disgraceful” policies, a judge has said.

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Court won’t freeze AMP class action amid High Court appeal
Appeals 2020-05-08 5:31 pm By Miklos Bolza

A judge has declined to put a Maurice Blackburn-led class action against AMP on hold while the High Court decides whether to overturn a ruling awarding the firm carriage of the matter following a high-stakes battle against three other law firms.

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Car makers won’t take class closure fight to High Court
Product Liability 2020-05-07 11:24 pm By Miklos Bolza

Seven car makers defending class actions over defective Takata airbags have confirmed they will not be challenging a landmark decision that set aside a pre-settlement class closure order in the cases.

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Quintis class action settlement delayed after insurance policy ‘cock-up’
Class Actions 2020-05-07 4:03 pm By Alison Eveleigh

The settlement of two shareholder class actions against sandalwood producer Quintis has been delayed after the company’s eleventh-hour revelation that it may have an extra $40 million in insurance.

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Murray Goulburn sues insurer for $8.85M to recover class action costs
Insurance 2020-05-07 2:29 pm By Christine Caulfield

Dairy cooperative Murray Goulburn has launched proceedings against AIG Australia seeking to recover 20 per cent of a $42 million class action settlement it paid, plus the legal costs of defending two class actions.

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Three law firms settle class actions over Ralan investment advice
Class Actions 2020-05-07 12:41 pm By Alison Eveleigh

Three Sydney-based law firms have agreed to settle the class actions brought against them by Australian-Chinese investors seeking over $6 million in damages for allegedly negligent advice provided about investment properties developed by the now collapsed Ralan Group.

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First common fund order granted in the wake of High Court ruling
Class Actions 2020-05-06 1:51 pm By Alison Eveleigh

A judge has made a common fund order in approving a $3 million settlement in a class action against mortgage lending and investment company RMBL, the first common fund order granted since the High Court shot down these orders in the early stages of class actions.

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