The team at Allens provides an interim update on class action risk, reporting that filings are materially down on prior years, and that the claims that have been filed are somewhat at odds with recent trends, questioning whether this represents a genuine shift in class action risk, or an anomaly driven by short-term uncertainties for litigation funders. Read more.
Jaime McKenzie, Kelly Roberts and Emily Grutzner of Allens share that the Federal Court of Australia has recently reduced a litigation funder’s commission by 33%, finding that ‘significantly lower’ commission rates are warranted in employment class actions brought under the Fair Work Act 2009.
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