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Businesses and other class action defendants have paid in excess of $4 billion in settlements since the class action regime was introduced in Australia, and litigation funders have pocketed about $583 million, a new report reveals.
From a record-setting funder’s cut to the first call for ‘“proportionality”, last year saw a number of groundbreaking judgments approving class action settlements worth more than half a billion dollars. Here are the 10 biggest settlements of 2018, and the law firms and funders that negotiated them.
Law firm Squire Patton Boggs is taking a fight over a ruling that shut down its shareholder class action against logistics startup GetSwift to the High Court.
A proposal by the Australian Law Reform Commission that all federal class actions be initiated as open cases may be difficult, if not impossible, to achieve, says a new report by the country's leading class action expert.
A Federal Court judge on Monday held off on approving Westpac's $35 million settlement with the corporate watchdog over responsible lending law breaches, saying the amount seemed too high.
Australia is not the haven for class actions that critics have claimed, according to a new report that shoots down the notion that the country is just behind litigation-happy US when it comes to targeting corporations in court.
Apple has reached an in-principle settlement with the consumer watchdog in an enforcement action over the tech giant's repair policies, a judge was told Tuesday.
China-based food retailer Winha Commerce has secured an interim court injunction barring the Australian Stock Exchange from delisting the company after the exchange issued queries to all Chinese listed companies about problems converting the renminbi.
The likes of Google, Facebook and Amazon could find themselves in the crosshairs of a newly empowered Australian competition regulator, and Rod Sims wants to move fast, the chairman told Lawyerly.