News

All the latest developments as they happen on cases we are working on, plus industry insights and other relevant news.

Australian Government Consultation into Class Action Reforms

LLS has submitted the following papers as part of the consultation process for the Treasury Laws Amendment (Measures for Consultation) Bill 2021: Litigation funders and Guaranteeing a minimum return of class action proceeds to class members.

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A ruthless reform of class actions – but what about the conflict of interest?

LLS CEO Stephen Conrad writes in the AFR on the need for a consultative approach to class action reform, not the Governments “one-size-fits-all” approach.

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Crackdown on class actions helps big end of town

Nyunggai Warren Mundine AO shares his thoughts in The Australian on the Governments latest reforms for class actions.

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Stolen Wages

LLS Board director Nyunggai Warren Mundine writes in The Australian on the topic of Stolen Wages.

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Stolen Wages Northern Territory Class Action: June 2021

Class action launched against the Commonwealth Government on behalf of First Nations peoples seeking compensation from the Commonwealth of Australia for lost income between 1933 and 1972, when First Nations people were denied basic rights and entitlements under so-called protective legislation whilst working in the Northern Territory.

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Appointment of Investment Managers

Litigation Lending are proud to announce the appointment of two new Investment Managers to our team, Emma Colantonio and Laura Morrissey.

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Stolen Generations Class Action (Northern Territory)

Class action launched against the Commonwealth Government on behalf of members of the Stolen Generations in the Northern Territory who were forcibly removed from their families as children. Although a formal apology has been made, the Commonwealth has refused to pay compensation to members of the Stolen Generation in the Northern Territory, despite their own recommendation to do so. All other states with similar policies have paid compensation to those affected.

LLS is pleased to be partnering with Shine Lawyers to continue to support Australia’s First Nations people to seek compensation for past injustices.

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Parliamentary Inquiry into litigation funding and the regulation of the class action industry - Release of Final Report

Parliamentary Inquiry into litigation funding and the regulation of the class action industry – Release of Final Report

LLS provides a response to the release of the 454 page Australian Parliamentary Joint Committee on Corporations and Financial Services (PJC) Final Report.

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LITIGATION FUNDING REGULATIONS

Litigation Funding Regulations

“How do the recent amendments to the regulation of litigation funders impact funding for insolvency matters?”

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Stolen Wages (WA): Class Action October 2020

Class action launched against West Australian Government over Indigenous stolen wages

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Granting of Australian Financial Services Licence

Litigation Lending Services Limited (LLS) is pleased to confirm that its’ wholly owned subsidiary LLS Investment Management Pty Ltd ACN 628 631 854 has been granted an Australian Financial Services Licence (AFSL) (Licence No. 524167) together with the required authorisations for litigation funding and asset management.

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Warren Mundine

Class action crackdown ‘overkill’: Mundine

The Australian has featured an article on Nyunggai Warren Mundine joining the board of LLS and his views on the federal government’s move to tighten regulations as an attack on democracy.

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