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The litigation funder underwriting a class action over the collapse of Banksia Securities lost its bid Thursday to block a group member from challenging a $64 million settlement in the case.
AMP will begin its push on Friday to move competing Federal Court class actions to the NSW Supreme Court, but the company will face fierce opposition.
Law firm Corrs Chambers Westgarth is following in the footsteps of Squire Patton Boggs, with both now challenging a ruling that halted their shareholder class actions against logistics startup GetSwift.
Online small business lender Prospa postponed Wednesday's expected float for 48 hours to "clarify" questions by the corporate regulator over its small business loans.
BHP has been hit with a shareholder class action over the deadly Samarco mine disaster that wiped off $25 billion from the share price of the mining giant.
Law firm Squire Patton Boggs is appealing a ruling that permanently stayed its case against technology startup GetSwift in favour of a competing class action.
Commonwealth Bank of Australia will pay $700 million to settle claims of lax anti-money laundering oversight.
The former chief executive of Australian Bight Abalone has been sentenced to three-and-a-half years in jail for making misleading statements to board members and potential investors about the company's abalone farming operation.
Class action lawyers should be able to enter into contingency fee arrangements, the Australian Law Reform Commission said Thursday as part of proposals to reform the country's much maligned class action regime.
The litigation funder behind the Federal Court's precedential ruling that established the first common fund order in an Australian class action has secured a $30.75 million payout in the case.