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Judge says High Court did not rule out common fund orders at settlement
Class Actions December 6, 2019 1:58 pm By Christine Caulfield

The High Court’s ruling Wednesday that judges have no power to issue a common fund order in the initial phases of a class action does […]

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$42M Murray Goulburn settlement wins approval, but fight over funder’s cut still on
Class Actions December 6, 2019 2:56 pm By Christine Caulfield

Two months after rejecting the deal because the litigation funder’s cut appeared excessive, a judge has approved a $42 million class action settlement with Murray Goulburn while the funder keeps up the fight over its commission.

‘Reasonable chance’ of settlement in Dick Smith class actions
Class Actions December 6, 2019 12:31 pm By Cat Fredenburgh

There is a “reasonable chance” that two shareholder class actions against failed electronics retailer Dick Smith will settle by February of next year, group members have learned.

JPMorgan witnesses grilled as banks seek to poke holes in ANZ cartel case
Competition & Consumer Protection December 5, 2019 9:21 pm By Miklos Bolza

Two key witnesses from JPMorgan have been grilled by lawyers for three major investments banks named in a high-stakes criminal cartel case as the banks seek to cast doubt on how the ACCC gathered evidence during its almost two-year cartel investigation.

ISignthis sues ASX over suspension, says exchange went ‘looking for a problem’
Securities December 5, 2019 11:22 pm By Cat Fredenburgh

Melbourne-based fintech company ISignthis is taking the Australian Stock Exchange to court for refusing to lift the suspension of its shares and allegedly digging for confidential information to “find a problem”.

Settlement approval in second Murray Goulburn class action could be ‘messier’, judge says
Class Actions December 3, 2019 2:01 pm By Christine Caulfield

A judge has rejected a proposal to jointly hear argument for approval of settlements in two class actions against milk supplier Murray Goulburn, saying the […]

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Ernst & Young denies it was negligent in goodwill review of Slater & Gordon’s Quindell deal
Class Actions November 29, 2019 1:50 pm By Christine Caulfield

Accounting giant Ernst & Young, which has been dragged into two class actions by Slater & Gordon shareholders, has shot back at claims it was […]

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Short seller Bonitas ‘respectfully declines’ to show, but judge sets hearing anyway
Securities November 29, 2019 11:28 pm By Hannah Gee

A judge has set down next Monday for a hearing in a case brought by an Australian fund manager against US short seller Bonitas, despite […]

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Cross claims against Deloitte dropped in Dick Smith class actions
Class Actions November 28, 2019 12:29 pm By Miklos Bolza

Accounting giant Deloitte Touche Tohmatsu has dodged select cross-claims over the collapse of failed retailer Dick Smith ahead of a hearing of three shareholder class […]

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Funder’s cut, legal fees face scrutiny in second Murray Goulburn class action
Class Actions November 27, 2019 11:11 pm By Christine Caulfield

The litigation funder financing the second of two recently settled shareholder class actions against Murray Goulburn will face similar scrutiny over its commission as the […]

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