Suncorp to pay $33 million over super class action

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Funder News

ALFA opens up membership base

The Association of Litigation Funders of Australia (ALFA) has announced that it is opening up its membership base to include Honorary and Associate Members. Firms that have already jumped on board include the Banton Group, Cornwalls, Epiq, Johnson, Winter & Slattery, Korda Mentha, Mayweathers, McGrath Nicol, Piper Alderman and William Roberts Lawyers.

New Fundings

Conflicted fees and investment losses

Australian law firms Mayweathers Lawyers and William Roberts Lawyers, along with an unnamed litigation funder, are investigating potential claims by investors who may have suffered financial losses as a result of a recommendation by a financial planner or stock broker (Advisor) to invest funds in a Listed Investment Company (LIC) or a Listed Investment Trust (LIT) prior to 1 July 2020, including in circumstances where the Advisor was paid a fee for recommending the investment, commonly referred to as a stamping fee.

In the News

Buildings in Cladding Legal Fight ‘Number in the Thousands’

Australian authorities have deemed more than 3,400 residential apartment buildings unsafe due to their construction with combustible cladding, and the task of attributing liability for the crisis is shaping up to be the biggest courtroom battle in the country this year. Omni Bridgeway is working with William Roberts Lawyers on two class actions and is also investigating possible class actions against other manufacturers of cladding products deemed to be combustible.

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