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https://www.supremecourt.justice.nsw.gov.au/Documents/Class%20Actions/Suncorp%20Super%20-%20Quirk/52.19_193556-2020.07.21-Notice%20of%20Proposed%20Settlement.pdf
page 6. we may see a RNS on 22 September.
a much bigger claim that should be getting to the end of the process is this one:
https://www.comcourts.gov.au/pas/file/Federal/P/NSD431/2020/actions
need to be a lawyer to understand all the jargon, but this could be a multi million dollar settlement. Listed peer (Omni Bridgeway) settled a claim of similar nature a couple of years ago:
https://omnibridgeway.com/docs/default-source/investors/asx-announcements/83-b-australian-class-actions---in-principle-settlement
https://www.moneymag.com.au/suncorp-settles-super-class-action
slow on the news front of late, but some snippets of activity that the company is undertaking:
https://www.lcmfinance.com/debtor-management-made-easy/?cn-reloaded=1
https://www.lawyersweekly.com.au/wig-chamber/34666-this-is-a-significant-judgment-a-long-time-in-the-making
absolutely:
"Up until October 2019, Ms Taylor never thought to fight the superstar, as she did not have the financial resources to take on Perry, but with the support of Litigation Capital Management, she has the funding to take action."
got to read to the end of the article...
this one in the courts this week:
https://www.news.com.au/national/nsw-act/courts-law/katy-perry-refused-to-soften-up-in-trademark-fight-with-sydney-designer-katie-perry-court-hears/news-story/06c8526ca881af3384b55894897596fe?amp
https://www.youtube.com/watch?v=7Nh5j8r64y4
good interview
looks like Carillion claim size could increase to ~£2 Billy...
are we on a profit share for this one? Sounds like a potential company maker,
ACCOUNTANCY
KPMG could face £2bn legal claim over Carillion collapse
The estimates of the potential fallout come as KPMG has been told to appear before a disciplinary tribunal over 'false' information claims
The construction firm Carillion went bust in 2018, despite having received a clean bill of health from its auditor KPMG. It had nearly 7bn in liabilities when it fell into liquidation AFP/Getty Images
By James Booth
Wednesday September 1, 2021 12:57 pm
KPMG could face a legal claim of up to £2bn from the liquidator of collapsed outsourcer Carillion.
Representatives of the official receiver, part of the Insolvency Service, delivered a letter before action to KPMG in June setting out the potential claim. A response from the Big Four firm is expected this month, according to people familiar with the matter.
The letter before action said the value of the negligence claim was likely to range between £250m and more than £1bn, a person familiar with the matter said.
A second person familiar with the matter said the value of the claim could range from £1bn to £2bn.
READ KPMG urges staff to whistleblow in bid to halt ‘leaky sieve’ after CEO’s exit
A spokesperson for KPMG declined to comment.
Construction firm Carillion went bust in 2018, despite having received a clean bill of health from its auditor KPMG. It had nearly £7bn in liabilities when it fell into liquidation.
The claim against KPMG is likely to be filed with the Commercial Court before the end of the year, according to two people familiar with the matter.
Previously it has been reported that the claim against KPMG was likely to be £250m, but a person familiar with the matter said that number represented “low hanging fruit”.
The lower figure consists of dividends the official receiver will say were wrongly paid out by Carillion in advance of its collapse because of KPMG’s negligence and advisory fees charged by KPMG, the person said.
READ Litigation funder LCM backs £250m Carillion claim against KPMG
The larger figure includes a wider range of losses incurred by Carillion which could be attributed to negligence by its auditor, they added.
The likely increased value of the claim is also attributable to an 18 June Supreme Court ruling in Manchester Building Society v Grant Thornton which expanded the scope of damages in professional negligence claims, a second person familiar with the matter said.
In that case, the Supreme Court said audit firm Grant Thornton must pay Manchester Building Society £13.4m damages after it had incorrectly advised that hedge accounting could be applied to reduce the volatility of interest rate swaps in its accounts.
Lawyers say that the judgment may expand the losses claimants are able to recover in professional negligence cases.
“It may mean that claimants, in som
Priarie Mining (PDZ) is another been funded. that looks interesting..
https://mobile.twitter.com/asxsharpshooter/status/1424937560116056067
https://mobile.twitter.com/asxsharpshooter/status/1424937560116056067
no not all issued via RNS because not all material. Here are some i am aware of not specifically mentioned in any RNS
https://www.mybusiness.com.au/sales/6359-singer-katy-perry-sued-for-trademark-breach
https://www.lcmfinance.com/class-actions/
https://www.mondaq.com/australia/insolvencybankruptcy/1093718/all-clear-funder-free-to-use-documents-produced-in-examination
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02398884-6A1042240?access_token=83ff96335c2d45a094df02a206a39ff4
there is another one that i'm keeping close to my chest, building an equity position in it as i think its juicy!
8 Bagger + in the litigation funding space:
https://www.youtube.com/watch?v=XFClXwzxYi4&t=1s