William Roberts Lawyers and a litigation funder are investigating potential claims by property purchasers and investors against Ralan Group after the developer entered administration and creditors were warned to “prepare for a poor outcome”.
Holding Redlich lawyer tells ICAC he ‘would never advise a client’ to cover up illegal donations
Judge hands win to Starcom liquidator over insolvent trading period
Ex-Tennis Australia directors lose bid for ASIC chats with witnesses
Federal Court approval of funding commission recognises risks faced by funders
In a recent decision, Federal Court Justice Jonathan Beach approved the settlement of the securities class action against Sirtex Medical. The approval included the judge making a common fund order and allowing funder IMF Bentham’s commission in the amount of $10 million, namely 25% of the gross settlement sum of $40 million. In approving the commission, Justice Beach noted that the rate should properly provide a reward for the risks undertaken by the funder, writes IMF Bentham’s Gavin Beardsell and Kate Hurford.