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Court rejects lead applicant’s $508k bill in $19.25M Arasor class action settlement
Class Actions 2020-02-11 9:16 pm By Cat Fredenburgh

The lead applicant in a shareholder class action against laser technology company Arasor will walk away with a fraction of the approximately $508,000 in legal and other bills it has racked up in disputes with the ATO and funder International Litigation Partners following the approval of a $19.25 million class action settlement more than two years ago.

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High Court’s common fund ruling ‘no great disaster’, federal judge says
Class Actions 2020-02-10 10:51 pm By Christine Caulfield

The High Court’s recent ruling putting a stop to the practice of judges issuing common fund orders at the early stages of class action proceedings, while “not a good development”, wasn’t the end of the class action regime as we know it, a Federal Court judge has said.

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Dick Smith class actions headed for March trial after mediation fails
Class Actions 2020-02-10 11:00 am By Cat Fredenburgh

Two shareholder class actions against failed electronics retailer Dick Smith will head to trial in March, after a failed attempt to resolve the long-running dispute in mediation.

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Top Squire Patton Boggs’ litigator defects to launch boutique firm
People In The News 2020-02-07 3:15 pm By Cat Fredenburgh

A leading class action and insolvency litigator at Squire Patton Boggs is leaving the firm to launch a boutique outfit with plans to shake up the legal industry, including by bringing class actions on a contingency fee basis.

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Chinese investors can offload property, recoup losses from failed investment scheme
Real Estate 2020-02-06 3:05 pm By Miklos Bolza

A Gold Coast development property procured through a settlement with a Sydney-based financial advisory firm facing two separate class actions can be sold to recoup losses by investors who sank over $14 million into a property investment scheme, a court has found.

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Sydney light rail case ‘wholly unsuitable’ as a class action, Transport for NSW tells court
Class Actions 2020-02-06 1:44 pm By Miklos Bolza

The NSW government has flagged a possible challenge to a class action over Sydney’s $3 billion delayed light rail project as the four-week trial scheduled for June is pushed back another year to allow time for more discovery.

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Treasury Wine Estates faces another class action investigation
Class Actions 2020-02-05 9:36 am By Cat Fredenburgh

Maurice Blackburn has become the second law firm to consider a shareholder class action against Treasury Wine Estates over a recent earnings downgrade.

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Vocus class action to seek first common fund order since High Court ruling
Class Actions 2020-02-04 7:23 pm By Christine Caulfield

The funder behind the recently resolved shareholder class action against teleco Vocus will ask a judge to make a common fund order at a hearing to approve a $35 million settlement of the case, the first common fund order since the High Court appeared to put the kibosh on them.

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Class action alleges 7-Eleven made franchisees use Metcash-owned vendor
Class Actions 2020-02-04 6:37 pm By Cat Fredenburgh

A class action brought against 7-Eleven claims the convenience store chain ordered franchisees to purchase goods from supplier C-Store so that 7-Eleven could meet its obligation under a contract with the Metcash-owned supplier.

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US class action firms pounce on Westpac
Class Actions 2020-02-03 2:08 pm By Cat Fredenburgh

Westpac is now facing at least eight class actions in various US courts seeking $200 million from the bank for allegedly failing to alert shareholders to violations of anti-money laundering laws.

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