Article

Nuix must foot $20M in legal bills given ‘notorious’ costs of securities class actions: judge

Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.

Financial Services

Insurers lose bid to see Ashurst advice in Greensill dispute

Insurers Bond & Credit Company and Tokio Marine can't eyeball advice given by Ashurst to lender White Oak in a dispute over the collapse of supply chain finance company Greensill.

Employment

Court, union debate what portion of $90M Qantas penalty goes to workers

The Transport Workers Union and a judge have debated how much of a $90 million penalty handed to Qantas should be given to 1,820 workers who were unlawfully outsourced during the COVID-19 pandemic. 

Employment

Court won’t bar MinterEllison from repping Peabody in worker’s case

A former Peabody Energy employee who claims she was sacked after raising safety concerns has lost her bid to restrain MinterEllison from representing her former employer.

Business of Law

Big 8 feeling the heat as large law firms scale aggressively: report

With artificial intelligence levelling the playing field, the Big 8 are facing increasing competitive pressure from large firms, which are pursuing an aggressive growth strategy and have outpaced them in demand and profitability over the last financial year, a report has found.

Competition & Consumer Protection

Judge slams solicitors for ‘inordinately’ long submissions in Aurelius suit over $180M deal

German investment firm Aurelius can add new claims in a dispute with explosives company Orica over a $180 million acquisition, but a judge has called out solicitors for both sides for filing material of “inordinate length” on an application concerning well-established law. 

Class Actions

Developer wants out of combustible cladding class action to bring $15M ‘copy’ case

A developer for a high rise building in Mascot, Sydney has launched a post-trial bid to opt out as a group member of a class action against cladding manufacturer 3A Composites and supplier Halifax, in order to bring its own "copy" of the case.

Competition & Consumer Protection

Piper Alderman appeals loss in fight to run Google ad tech class action

Piper Alderman is appealing a decision that stayed its competition class action against Google in favour of a competing case, saying group members had been deprived of a "substantially superior" funding model.

Class Actions

RAMS accuses class action of trying to ‘hijack’ ASIC case

Westpac’s defunct mortgage unit RAMS has accused a class action by former franchisees of attempting to “hijack” civil penalty proceedings by the corporate regulator by seeking to intervene in the case.

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