Third party litigation funding has become intriguing development in the expansion of global class and collective action litigation over the past several years, particularly in Australia. (For various previous CAB articles addressing third party litigation funding, click here). The concept of third party litigation funding generally refers to financing of litigation by a private party or corporation that is [...]
Posts Tagged ‘australian class action’
Is Victoria Province About to Top the ATRF’s List of Judicial Hellholes?
Posted in Class Action Trends, International Class Action Law, tagged australia class action, australian class action, contingency fee, contingent fee, fee sharing, fee splitting, IMF, IMF Australia, international class action, litigation funding on January 28, 2011 | 1 Comment »
NERA Economic Consulting Reports on Securities Class Action Trends in Australia
Posted in Class Action Trends, International Class Action Law, tagged australia class action, australian class action, Class Action Trends, International Class Action Law, NERA, securities class action on May 6, 2010 | Leave a Comment »
NERA Economic Consulting has published its first study on trends in securities class actions in Australia. The study covers a variety of topics, including numbers of filings, industries targeted, and settlement amounts. However, what I found to be of particular interest is the study’s focus on the impact of private litigation funding.
Private Litigation Funding Catching on in Loser Pays Jurisdictions
Posted in Class Action Trends, International Class Action Law, Other class action blogs, Securities Class Actions, tagged attorneys fees, australian class action, award of costs, award of fees, International Class Action Law, litigation funding, loser pays, securities class action, UK collective action on September 1, 2008 | 3 Comments »
Litigation funding by private corporations other than law firms or individuals who are not lawyers is generally prohibited here in the US, but the concept is catching on overseas, especially in jurisdictions that have a “loser pays” rule for allocating fees and costs. This recent entry from The D&O Diary summarizes an article predicting that the ability to assign of [...]
Watch Out Madison County, Victoria May Be Warming Up to Give You a Run for Your Money
Posted in Class Action News, Class Action Trends, International Class Action Law, tagged australian class action, class action reform, International Class Action Law on July 30, 2008 | 2 Comments »
For those of you interested in class action reform issues abroad, Jocelyn Kellam and Stuart Clark of the Australian firm Clayton Utz have a new article out today entitled Australia: Be Alarmed Be Very Alarmed: Class Action Reforms Mooted, available at www.Mondaq.com (free registration may be required). The article is critical of several pro-plaintiff reforms being considered by [...]
I Hear their Toilets Also Flush in the Opposite Direction
Posted in Class Action News, Class Action Trends, International Class Action Law, tagged australian class action, class action reform, foreign class action, interlocutory appeal, International Class Action Law, tort reform on May 28, 2008 | Leave a Comment »
I came across this article today from Australian news outlet The Age regarding proposed class action reforms being considered in the Australian Federal Court. Among the possible reforms reportedly being considered is a measure “restricting an appeal on an interlocutory issue until the entire case is heard.” The quoted statement is admittedly lacking in detail, but the [...]
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