Federal Court Justice Michael Lee has again weighed in on the use of cost consultants to assess legal fees in class actions, saying that they should be “consigned to the dustbin of procedural history.”
Blue Sky Alternative Investments has asked Australia’s corporate watchdog to investigate US hedge fund Glaucus for market manipulation, after a scathing report by the fund last week sent Blue Sky’s stock into a tailspin and raised the prospect of a shareholder lawsuit.
A Federal Court judge has questioned the independence of for-hire fee assessors in class actions, calling their opinions on legal costs “next to useless”.
Blue Sky Alternative Investments could be facing a class action after a report by a U.S. hedge fund that found the Australian fund manager had exaggerated its assets under management and the performance of its investments, while also collecting excessive management fees.
Slater and Gordon is mulling a class action on behalf of women who suffered complications after receiving a pelvic mesh implant, in the wake of a damning parliamentary report on the controversial devices.
A long-awaited congressional report has called for an overhaul of medical device regulation in Australia, in the wake of a system-wide failure to protect women who suffered “devastating” consequences after being implanted with faulty vaginal mesh products.
Private follow-on actions for consumer law violations will be easier to bring under a new bill introduced in the House on Wednesday, a potential boon to class action lawyers in Australia.
Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.
The Royal Bank of Scotland has agreed to pay $12.58 million to settle a consumer class action brought on behalf of purchasers of its financial products.
Residents and property owners whose homes were damaged or destroyed after a bushfire in Tathra, NSW — believed to have been sparked by an Essential Energy power line — are being invited to join a potential class action by Slater and Gordon.