Startup litigation funder CASL grows ranks with raid on rival funder

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Less than four months after its establishment, litigation funder CASL has hired four investment managers from Litigation Lending Services, in a move that may dramatically shrink the rival funder.f

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ASIC proves prescient with failure of mediation on eve of IOOF trial

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ASIC’s warning about the futility of mediation with an IOOF subsidiary has proved prophetic, with talks last week failing to resolve the regulator’s case ahead of trial starting Monday.

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Judge says G8 Education can seek security in advance of group costs order

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A judge has said that Australia’s largest childcare centre operator, G8 Education, can apply for security for costs before a group costs order in a class action accusing the company of failing to keep investors in the loop about increased costs and occupancy rates affecting its 2017 financial performance.

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Pelvic mesh maker Astora may make admissions in class action in light of J&J case

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Pelvic mesh device maker Astora Women’s Health is weighing whether to make admissions in a class action over allegedly defective products in light of a similar, high profile class action brought against Johnson & Johnson unit Ethicon over the devices.

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National law firm sued by sacked ANZ trader, accused of withholding client file

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A sacked ANZ trader who alleges he was fired after making complaints about rate-rigging at the bank has sued his former law firm for allegedly withholding documents needed to amend his case against the big four bank.

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$440M settlement reached in Queensland floods class action

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The State of Queensland and subcontractor Sunwater have agreed to pay $440 million to settle part of a class action over the 2011 floods in Queensland that destroyed 2,000  homes in the state.

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Potential class action to target Morrison government over white spot disease outbreak

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The federal government may be hit with a class action over biosecurity breaches that allegedly led to the 2016 outbreak of white spot disease in South-East Queensland that decimated the region’s commercial prawn industry.

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