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Original lawyers in BankSA class action want bigger stake of multi-million dollar settlement
The original solicitors who stepped down from leading a class action against Westpac unit BankSA amid abuse of process allegations will bring separate proceedings in the Federal Court seeking a bigger slice of the multi-million dollar settlement sum to cover their costs.
7-Eleven class actions can’t shield witness identity despite ‘real risk’ of reprisal
A judge has refused an application to suppress the identity of a franchisee giving evidence in two class actions against 7-Eleven despite the individual's fears he may lose his franchising licence as retaliation by the global convenience store giant.
Responsible lending class action against Westpac paused after ASIC loss
After defeating the corporate regulator's case alleging it breached responsible lending laws, banking giant Westpac has won a reprieve from lodging a defence in a related class action.
‘A degree of chaos’: Judge questions IAG common fund as High Court decision looms
A judge has questioned a common fund application in a class action against two IAG entities over allegedly worthless add-on insurance, saying there may be a "degree of chaos" if the order was approved only to be undone by a pending High Court decision.
‘This pleading is a mess’: Judge slams liquidators’ case against Forge directors and auditors
A judge has sent insolvency firm Ferrier Hodgson back to the drawing board to redraft its pleadings against the former directors and auditors of collapsed construction company Forge Group, warning that the overlapping actions were at risk of becoming an “unrideable bull”.
Two firms, one funder out after judge consolidates RCR Tomlinson class actions
Law firm Quinn Emanuel Urquhart & Sullivan will push forward with an investor class action against failed engineering company RCR Tomlinson on its own, with two firms driving competing actions agreeing to step down after a judge forcibly consolidated all three proceedings.
‘This game is over’: judge ready to toss Iluka class action over ongoing funding dramas
The applicants in the Iluka Resources shareholder class action have less than a week to lock-in a $1.25 million security for costs, after the judge overseeing the case asked if he was allowed to dismiss proceedings himself following six months of being “very patient” about ongoing funding dramas.
Barclays, other banks in forex cartel class action must produce US case docs
A judge has ordered a group of banks facing a competition class action over alleged foreign exchange rate-rigging to hand over documents they produced as part of settlement agreements in class actions in the US and Canada.
Funder wants 25% of recovery in class action over ‘illusory’ vehicle warranties
The funder behind a class action against a unit of car leasing company McMillan Shakespeare for allegedly engaging in unfair tactics when selling car warranties is seeking a 25 per cent cut of any settlement reached in the case.
Pitcher Partners ordered to hand over insurance docs in shareholder class actions
Pitcher Partners has been ordered to hand over information about its professional indemnity insurance in two shareholder class actions over its role as Slater & Gordon's auditor.