Recent Class Action Judgements
The exclusion of litigation funding arrangements and proof of debt arrangements from the National Credit Code has been extended for a further two years, until 12 July 2019.
The judgment granted the plaintiff’s request for leave to file an amended application and statement of claim.
The case had been expected to recover $30m but ended with a lump sum settlement sum of $6.75m.
In Walsh v Worley Parsons  VSC 292, delivered 26 May 2017. Cameron J stayed a shareholder class action as an abuse of process. Amongst other things the Court made observations about the role of a litigation funder.