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Law firm in showdown with ATO over Black Saturday payouts
Maurice Blackburn's battle with the Australian Taxation Office over a tax bill on class action settlements for thousands of Black Saturday bushfire victims went to court Tuesday, and the landmark case may turn on whether or not the law firm's administration of the settlement distribution scheme counts as a business.
Judge orders change to opt out notice after Maddens lawyer’s ‘misleading’ comments
A judge has ordered changes be made to the opt out notice in three class actions over the 2018 St. Patrick's Day bushfires in South West Victoria, after insurers complained comments made by a Maddens principal to a local newspaper were misleading.
Funder’s cut, legal fees in $64M Banksia settlement rejected on appeal
An appeals court has rejected the funder's commission and legal fees stemming from a $64 million settlement in litigation over the failure of Banksia Securities, but granted approval to the settlement.
ANZ to get ASIC probe docs in $2.5B share placement case
ASIC has been given a little over a month to provide ANZ with documents it collected during the course of its investigation into a $2.5 billion ANZ share placement, as the bank, which is facing a related criminal cartel case, mulls whether to file an application to stay the regulator's action.
Judge urges class action lawyers to solve multiplicity problem
Blasting the battle of competing class actions as a fight for the "commercial interests" of litigation funders not class members, a judge has called on lawyers for two shareholder actions against Brambles to settle the dispute themselves.
Woolworths bags $100M shareholder class action
Woolworths has shot back at claims in a shareholder class action that it breached its continuous disclosure obligations, saying the lawsuit doesn't allege there was material information it should have disclosed to shareholders in advance of its downward revision of a 2015 profit guidance.
PwC gets court ok to file lawsuit against Vocation
PriceWaterHouse Coopers has received the green light to launch court action to pursue its cross claims against failed educational training company Vocation.
Global litigation funder moves into Australia
A global litigation funder that's bankrolling some of the country's largest class actions is planning to put down roots in Australia.
Judge to rethink Glencore in-house counsel’s access to Cargill deal docs
An appeals court has ordered the judge overseeing a fraudulent concealment trial over Cargill's $420 million purchase of the Joe White malt business to reconsider his decision to allow an in-house lawyer at Glencore to access "highly confidential" deal documents.
Clock’s ticking as Unlockd gets deadline for filing case against Google
Failed digital ad company Unlockd has until the end of the month to set out its competition case against Google or the suit will be thrown out.