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CIMIC class action funder takes $4.7M haircut from commission
The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff's law firm, according to a decision published Friday.
NSW Liberals lodge class action over council nomination debacle
Two NSW Liberal Party members have brought a class action after party officials failed to lodge their nomination forms for local government seats in the 2024 elections.
AIG reaches settlement in Linchpin investor class action
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Judge calls out ‘ambiguities and circularities’ in Mercedes-Benz class action
Mercedes-Benz has taken aim at an amended group definition in a class action over alleged defeat devices designed to cheat emissions testing, with a judge agreeing that it contains "ambiguities and circularities".
CIMIC class action wins court nod for $45.25M settlement
A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.
Queensland energy class action can’t avoid defence costs pending appeal
A failed class action against Queensland utilities Stanwell and CS Energy can't delay payment of what might be in excess of $30 million in defence costs while it pursues an appeal, but has dodged a penalty for running a case the companies said was hopeless.
Medibank can’t shield Deloitte reports from data breach class action
Medibank has been ordered to give a class action copies of reports by Deloitte into a massive data breach in October 2022, in a judgment made public on Friday and already facing appeal by the health insurer.
Judge tosses class action over demolition of public housing towers
A judge has dismissed a class action alleging Homes Victoria decided to demolish public housing towers in Melbourne without consulting residents, saying the government agency’s power to redevelop land “is not conditioned on observing procedural fairness”.
AAI hits back with cross-claims in combustible cladding class action
Insurer AAI has taken aim at an architect and builder as it seeks to limit its liability in a class action over alleged combustible cladding installed in two high-rise towers in a Sydney suburb.
Judge won’t toss claims in Fitch Ratings class action
Fitch Ratings has lost its bid for summary dismissal of claims in a class action over allegedly rosy ratings for risky derivative financial products issued 17 years ago on the basis that they are time-barred.