How Therium and Phi Finney Won the GetSwift Class Action Competition

Last month, law firm Phi Finney McDonald and funder Therium Capital Management bested the competition in their bid to become class counsel in the GetSwift class action claim. The landmark decision by an Australian Federal Court to continue one proceeding and permanently stay the other two is seen as a harbinger of things to come, as Australia grapples with a boom in class actions, and lawmakers debate how best to modify the country’s legal framework accordingly.

Continue reading “How Therium and Phi Finney Won the GetSwift Class Action Competition”

CBA class action: Giant US pension funds to sue Commonwealth Bank over Austrac scandal

Jeff Whalley, Herald Sun

FOUR giant US pension funds are preparing to sue the Commonwealth Bank in a move dramatically widening the fallout from the money-laundering scandal that has engulfed the lender.

The pension funds — including the $US224 billion ($292 billion) California State Teachers’ Retirement System — are among “a significant number” of institutions planning to launch a fresh class action against the bank.

It marks a bombshell for new CBA chief Matt Comyn, who took the reins of Australia’s biggest bank yesterday. Continue reading “CBA class action: Giant US pension funds to sue Commonwealth Bank over Austrac scandal”

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