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The High Court has declined to review an appeals court decision that overturned a $106 million judgment against a unit of Indian conglomerate Adani Group over access charges for its Abbot Point coal terminal.
Squirrel Super must pay $55,000 for brochure that inflated real estate returns
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Despite previously remarking that the penalty was “a bit light on”, a judge has ordered Squirrel Superannuation to pay $55,000 for false and misleading marketing linked to property investment for investors with self-managed superannuation funds.
7-Eleven class action funder wins first-ever interim payment from settlement
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A judge has granted a litigation funder for two franchisee class actions against 7-Eleven an interim payment to cover its costs ahead of a ruling on how much it can pocket from a $98 million settlement.
Lawyers urge AG to retain flexibility of COVID-era online hearings
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The head of NSW’s peak legal body has called on the state’s Attorney General to retain a number of COVID-19 measures to improve access to justice.
Albanese government welcomes class action funder’s defeat of MIS regulation
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The federal government said Friday it would consider the implications of an appeals court’s finding that the managed investment scheme structure was unsuited to class actions, a ruling it said was a victory for ordinary Australians and a vindication for Labor.
Legal privilege over jab mandate advice waived with counsel’s failure to object, court says
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A judge has ruled that a senior Queensland police official waived legal professional privilege during cross examination, allowing the plaintiffs in a mandatory COVID-19 vaccination challenge to see legal advice about the jab direction by the Crown Solicitor.
Salter Bros scores win in suit against former Hendry Group CEO
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Salter Brothers has won its lawsuit against former Hendry Group CEO Emma Hendry alleging the firm was misled into investing millions of dollars into the investment firm in 2019.
‘Parlous situation’: Mascot Towers owners file court bid to sell troubled buildings
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Owners of Sydney’s Mascot Towers are facing a “parlous situation” as they file an urgent court bid to sell the two buildings after $16 million was spent to repair structural cracks that made the apartments unliveable.
RIP MIS: Funders, lawyers hail end of ‘ill-fitting’ regime for class actions
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The ruling by the Full Federal Court that funded class actions are not managed investment schemes marks the end of an ill-considered regime enacted by the Morrison government to rein in class actions, but the debate over regulation of litigation funders is not over yet.
Full Court finds class actions are not managed investment schemes
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In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.