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Class closure: Winterford v Pfizer Australia Pty Ltd [2012] FCA 1199

Australia - December 19 2012 On 18 October 2012, Bromberg J declined to grant orders sought by the respondents in two class action proceedings (Pfizer Australia Pty Ltd (Pfizer) and…

Kate Mills.

The High Court finds that litigation funding agreements are not “financial products”

Australia - December 19 2012 In our Q3 edition of Class Action we discussed the arguments put before the High Court of Australia in an appeal against the decision of the New South…

Alexander Morris, Armen Varvachtian.

High Court unanimously decides information does not need to be true to be inside information

Australia - November 15 2012 Yesterday the High Court handed down its decision in a case brought by the Commonwealth Director of Public Prosecutions against WA businessmen John Kizon and Nigel Mansfield concerning insider trading.

Federal Court finds for investors in ratings agency class action

Australia - November 6 2012 The Federal Court yesterday handed down its decision in a class action brought by thirteen Councils against McGraw Hill International (UK) Limited (known for the rating service it provides under the trading name “Standard and Poor’s” (S&P)), ABN Amro Bank NV (“ABN Amro”) and Local Government Financial Services Pty Ltd (“LGFS”).

Alexander Morris, Moira Saville, Simon Burnett.

Are litigation funding agreements “financial products”? – the High Court will decide

Australia - October 2 2012 On 20 June 2012, the High Court of Australia heard argument in the appeal from the decision of the New South Wales Court of Appeal in International Litigation Partners Pte Ltd v Chameleon Mining NL [2011] NSWCA 50.

Alexander Morris, Armen Varvachtian.