Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.
The firm that represented the funder of the notorious Banksia class action faces potential proceedings by a group of debenture holders. Meanwhile, Banksia’s receiver wants a court direction that he is justified in not pursuing the lawyers.
One law firm has beaten two others to court in pursuing Google for allegedly abusing its dominance in online advertising.
Tokyo-based Sumitomo Corporation has taken its first step into the Australian residential market, partnering with developer Mirvac on a housing development in Sydney’s northwest that is expected to generate $830 million in sales.
The Victorian Government has flagged its support for recommendations aimed at stamping out criminal activity in the state’s construction industry, including changes to the ‘fit and proper’ test for union positions.
Australia’s largest toll road operator, Transurban, has been ordered to pay compensation to ConnectEast in a dispute over an annual services fee of $10 million.
Facebook owner Meta has agreed to pay $50 million to settle action by the privacy commissioner over the Cambridge Analytica scandal.
Qantas has reached an agreement to pay $120 million in compensation to 1,800 ground crew staff who were found to have been illegally sacked.
A judge has delayed mediation in a suit alleging Westpac fired its former head of risk after complaints of alleged fraud at its RAMS unit.
The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members.
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