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Phi Finney McDonald

Melbourne Office

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This content is provided by Phi Finney McDonald.

Managing Partners: Ben Phi, Odette McDonald, Tim Finney
Number of partners: 4
Number of lawyers: 19
Languages: German, Hindi, Italian, Portuguese and Telugu

Firm Overview:
Phi Finney McDonald is one of Australia’s leading class action law firms, with offices in Sydney and Melbourne. The firm specialises in complex and large-scale litigation, with a focus on shareholder class actions. Its founding principals previously led the class actions practice at one of Australia’s largest plaintiff firms. With over forty years’ litigation experience and twenty-five years of specialist class actions experience, the firm’s founders have achieved over half a billion dollars in class action settlements. Phi Finney McDonald has established the trust and confidence of some of the largest institutional investors in the world. The firm's repeat clients include some of the largest and most influential pension schemes, private investors, sovereign wealth funds, and investment platforms across the Asia Pacific, North America and Europe. In a highly competitive market, Phi Finney McDonald won contested carriage motions for lead counsel status in high profile class actions against BHP Billiton and GetSwift. The firm has received judicial praise for developing innovative litigation funding structures that reduce costs and improve client returns.

Main Areas of Practice:

Class Actions

Class Actions – Dispute Resolution

Class Actions:
5 Partners, 31 fee earners in Melbourne, Australia; and 2 Partners, 3 fee earners in Sydney, Australia.

Phi Finney McDonald is conducting a class action against Westpac Banking Corporation, alleging that the company misled investors in relation to alleged breaches of AML/CTF legislation. This class action was brought after AUSTRAC commenced proceedings against Westpac alleging 23 million breaches of the AML/CTF Act.

The Commonwealth Bank of Australia class action alleges that the company misled investors in relation to alleged breaches of AML/CTF legislation. This class action was brought after AUSTRAC commenced proceedings against CBA alleging widespread non-compliance with its AML/CTF obligations.

The BHP class action seeks recovery of investor losses for the company’s disclosure contraventions relating to the catastrophic collapse of the Fundão dam in Brazil in November 2015.

Phi Finney McDonald is conducting a class action against Boral Limited, which followed the company identifying financial irregularities in its North American Windows business and that finance personnel had manipulated accounts and financial statements.

The firm’s class action against GetSwift alleges that the company contravened its continuous disclosure obligations and engaged in misleading or deceptive conduct. This conduct caused GetSwift’s share price to trade at a price substantially higher that the trading price that would have prevailed in a properly informed market.

Key Clients:
■ Californian State Teachers’ Retirement System
■ Teachers Retirement System of Texas
■ Colorado Public Employees’ Retirement Association
■ Massachusetts Pension Reserves Investment Management Board

Contact:
Jenna Alexander, Practice Support Manager
Email: [email protected] com
Tel: +61 3 914 7100

OFFICES:

AUSTRALIA

MELBOURNE:
Level 3, 325 Flinders Lane Victoria, 3000
Tel: +61 3 9134 7100
Email: [email protected]

SYDNEY: Level 29, 85 Castlereagh Street New South Wales, 2000
Tel: +61 2 8277 4517
Email: [email protected]

INTERNATIONAL OFFICES:

UNITED KINGDOM

LONDON:
25 Southampton Buildings Holborn, WC2A 1AL
Tel: +44 203 709 9315
Email: [email protected]