The law firm slammed by the Full Federal Court this week for its conduct in the Malaysia Airlines class action has apologised to the family unknowingly shut out of the class action, and has stood down the lead lawyer in the case.
The first of four public hearings in the latest class action inquiry launched by the Federal Government begins Monday morning, and leading the line up of speakers is the 25-year-old spokesperson for a Liberal Party think tank that condemns the “super profits” of litigation funders.
A litigation funder’s average rate of return on its investment in shareholder class actions was one of a number of factors weighed by a judge in approving a 25 per cent funding cut from the $42 million settlement in a class action against dairy cooperative Murray Goulburn.
A judge on Friday dismissed Westpac’s bid for an update from litigation funder JustKapital as to whether it continues to financially back a class action against the bank over allegedly excessive insurance premiums.
A court has signed off on a settlement of a class action brought against oil and gas giant Santos by a group of Indigenous Australians who claimed they were misled about their entitlement to receive certain travel allowances while working as casual cultural heritage monitors for the company.
Virgin Australia unsecured bondholders contesting the sale of the embattled airline to private equity firm Bain Capital have failed in their bid to access confidential transaction documents, but a judge has urged the administrators to communicate with the frustrated creditors.
The parties in a ‘sham’ contracting class action brought on behalf of telecommunications workers have both lost bids to recover interlocutory costs, with a judge noting that costs orders against funded litigants should be the exception rather than the rule in Fair Work litigation.
Hytera Communications argued it should be granted a late-stage bid to postpone its copyright trial with Motorola Solutions, in what a judge called “the most complicated adjournment application” he’d ever heard.
Virgin Australia bondholders contesting the sale of the airline to private equity firm Bain Capital have blasted the airline’s administrators at Deloitte for failing to inform the court when applying for confidentiality orders that the bondholders had sought information on the terms of the deal.
The Opal Tower owners’ corporation has opted out of a class action seeking compensation on behalf of hundreds of apartment owners in the scandal-plagued building.
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