Sydney light rail class action pulls up to the High Court

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The High Court has been asked to revive a class action over Sydney’s light rail construction and weigh in on whether litigation funders can claim their commissions as damages.

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iSignthis’ John Karantzis could not pay $1.5M penalty, court told

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The former CEO of fintech iSignthis would need a loan to pay a $1.5 million penalty sought by the corporate regulator for breaches of directors duties, a court has heard.

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Funder seeks $10.6M cut from Mayne Pharma class action settlement

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The funder and law firm that ran a shareholder class action against Mayne Pharma are seeking deductions that would leave more than half of a $38 million settlement for group members.

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ASIC wins case against Harvey Norman over ‘interest-free’ ads

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A judge on Friday rejected Latitude Finance’s defence in ASIC’s case over Harvey Norman’s ‘interest-free’ ads that no reasonable consumer would expect “a charitable free lunch”.

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