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A bid by the applicant to restrict a securities class action against recycling company Sims Metal Management to shareholders who have registered to join the case has been shot down by a judge, who said the application was not in the interests of justice but "in the interests of injustice".
The son of Banksia Securities class action funder Mark Elliott questioned his father on whether it was "right" to rip up a $64 million settlement with the collapsed lender's trustee if the deal didn't guarantee him a $12.8 million commission, a court has heard.
Lawyer Alex Elliott has told a judge he didn't know when he postdated cheques for members of the Banksia class action legal team that it was done to mislead the appeals court in the case, but has admitted that in hindsight "it doesn't look good".
The mastermind behind an alleged fraudulent scheme by members of the legal team running the class action over the collapse of Banksia Securities was a "brilliant operator", his son has told a court.
A judge has found that a litigation funder's involvement in settlement negotiations without the presence of the applicant's lawyers in a shareholder class action against Spotless Group, which recently settled for $95 million, was "inappropriate".
The son of the lawyer and funder at the centre of an alleged fee scandal in the Banksia Securities class action was not his father's righthand man because the late Mark Elliott did not need a righthand man, his co-accused, former senior barrister Norman O'Bryan, has told a court.
A $50 million settlement has been reached in a long-running shareholder class action against defunct vocational training company Vocation that also spawned multiple cross-claims against the failed company's auditor PricewaterhouseCoopers, law firm Johnson Winter & Slattery and individual directors.
A judge has confined the scope of questions lawyers can ask disgraced senior barrister Norman O'Bryan when he takes the stand this week to give evidence for the son of the mastermind behind an alleged fee scam in the Banksia Securities class action.
Mining giant BHP has lost a fight to keep foreign group members out of a shareholder class action over the Fundao dam failure in Brazil five years ago.
Treasury Wine Estates has accused plaintiffs law firm Maurice Blackburn and barrister Guy Donnellan of "taking advantage" of their privileged position by using evidence discovered in a settled class action to file a second case against the wine maker.