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High Court declines funder’s appeal of $64M Banksia settlement approval
Appeals May 24, 2019 1:23 pm By Cat Fredenburgh

The High Court will not review an appeals court’s decision to approve a $64 million settlement in litigation over the failure of Banksia Securities while […]

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No win, no fee funding model carries Maurice Blackburn to victory in AMP class action contest
Class Actions May 23, 2019 10:29 am By Christine Caulfield and Miklos Bolza

Maurice Blackburn’s shareholder class action against AMP — the only action not backed by a litigation funder — has been picked as the winner in a fierce battle of law firms vying to lead a high stakes case over the wealth manager’s fees for no service scandal.

Class action applicant can’t bring ‘shambolic’ case over side deal with funder
Class Actions May 22, 2019 9:23 pm By Amelia Birnie

One of two lead applicants in the settled Arasor shareholder class action has been denied leave to be heard over its $1 million personal expenses dispute with litigation funder International Litigation Partners after missing a filing deadline, with a judge calling its handling of the case “shambolic”.

PWC claims privilege against self-incrimination in fight over Vocation audit files
Class Actions May 22, 2019 8:42 pm By Christine Caulfield

Accounting giant PricewaterhouseCoopers is resisting a notice to produce audit files in a consolidated shareholder class action over the collapse of education and training company […]

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Law firms to learn fate in AMP class action beauty parade
Analysis May 21, 2019 11:25 pm By Christine Caulfield

A ruling by a judge deciding a four-way contest to run a shareholder class action against AMP is expected this week, a judgment significant not […]

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High Court to clarify meaning of ‘officer’ under Corporations Act
Appeals May 21, 2019 2:46 pm By Cat Fredenburgh

The High Court has granted ASIC special leave to appeal a judgment that let a former director of Gold Coast finance company MFS Group partially […]

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Trial date at risk as Iluka Resources class races to lock in new funder
Class Actions May 16, 2019 4:53 pm By Amelia Birnie

The applicants in the Iluka Resources investor class action have just 14 days to sort out their funding troubles and provide a $1.25 million security, […]

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ASIC’s Shipton clarifies ‘why not litigate’ approach
Financial Services May 16, 2019 4:10 pm By Cat Fredenburgh

The Australian Securities and Investments Commission chair James Shipton has clarified the regulator’s “why not litigate” approach to enforcement, saying it does not mean “litigate […]

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Class actions still loom as ASIC drops probe into Blue Sky
Class Actions May 15, 2019 9:28 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has dropped its probe into Blue Sky over possible violations of its continuous disclosure obligations, but the fund manager […]

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$6M class action settlement is one claim under insurance policy, Bank of Queensland says
Class Actions May 14, 2019 8:52 pm By Miklos Bolza

The Bank of Queensland has criticised a judgment which found the bank’s insurance policy left it on the hook for a $6 million settlement of […]

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