Category Archives: Case Developments
Costs Awarded to Volkswagen in Takata Airbag Action
A recent class action against Volkswagen Group Australia has been dismissed. Costs have been awarded to the car manufacturer and will be paid by the third-party litigation funder for the plaintiffs.
Seqwater Case Overturned as Omni Bridgeway Stock Takes Hit
Omni Bridgeway’s share price fell subsequent to an appeals judgment against Seqwater. The ruling overturned a 2019 judgment against the dam management company. The original ruling determined that Seqwater was liable for half of the compensation claims from floods in early 2011.
TikTok Again Accused of Violating Privacy Laws
A third Demark-based foundation has filed a case against TikTok media group over data they claim was harvested illegally. The suit impacted about 4.5 million Dutch users across all age demographics.
Omni Bridgeway Files Appeal on Behalf of 1,000 Halifax Victims
Leading legal funder Omni Bridgeway recently announced that it is funding appeals over judgments against Halifax Investment services Pty Ltd, and another Halifax entity—both currently in liquidation.
UK Supreme Court Ruling Could Damage Enforceability of Follower Notice Penalties
Follower Notices have been in use since 2014, and refer to a notification given to someone who has used an “avoidance scheme” that was determined to be ineffective by a case against another user. This gives taxpayers an opportunity to adjust or amend their tax filings. Her Majesty’s Revenue and Customs (HMRC) issues these notices frequently, which is considered controversial for a variety of reasons.
Claimants in Flint Water Case Cautioned Not to Take Settlement Advance
Claimants in the Flint water crisis case have been cautioned by a judge not to seek or accept deals for a cash advance on their share of the settlement. Claimants are set to share the $641 million settlement, though the agreement has not yet been given final approval.
Chinese Banks Found Not Liable in Nike Counterfeiting Cast
Six banks based in China have avoided liability in their role in the Nike Counterfeit case. The banks were cited for failing to freeze the assets of several hundred counterfeiters of Nike goods. Together, the banks faced sanctions of up to $150 million.
Washington DC Court Asked to Enforce $325MM Judgement Against Argentina
Last week, Titan Consortium filed a lengthy petition against Argentina’s government while seeking to enforce an earlier award from 2008. This continues a long dispute regarding the re-nationalization of two Argentinian airlines.
Ross Asset Management Case Ends in Confidential Settlement
Investors asked for more than $50 million in damages in the Ross Asset Management Ponzi scheme. The case was expected to be heard in the Wellington High Court in 2020 but was delayed. Instead, it ended unceremoniously, with a short statement revealing precious little about the confidential settlement.
UK Takes Welcome Steps Toward Legal Funding and Class Actions
The UK case Merricks v Mastercard will move to trial thanks to a new litigation funder for claimants. The case could impact more than 46 million consumers in the UK, who are seeking damages of more than GBP 15 billion.
