About Us
Regency Funding Pty. Ltd. is committed to taking on companies that are taking advantage of consumers or members. We are proud to finance major cases such as the class action lawsuit fighting against car manufacturers, including BMW, Honda, Lexus, Mazda, Subaru and Toyota, for their role in the defective Takata airbag scandal. Lawyers working with Regency Funding in this landmark case have already obtained two appellate victories, in the High Court of Australia and the New South Wales Appeals Court, which are defining the landscape for consumer class actions in Australia.
We also funded an open shareholder class action against Shine Corporate Limited. It alleges that Shine misled the market in a series of representations it made in 2014-2015 regarding the value of its ongoing business activities and the accounting standards used for that valuation. This case settled in the Summer of 2019.
Our Cases
Takata Airbag Class Action Lawsuit
The massive scandal regarding dangerously explosive Takata airbags impacts more than 1 million Australian drivers. Now, recent reports show that the death of a Sydney man involved in a car crash was likely due to a faulty Takata airbag.
A worldwide problem, Takata airbags have now killed at least 18 people and injured more than 180 across the globe.
Shine Lawyers Class Action Lawsuit
In January 2016, the trade of shares in Shine Corporate Limited (ACN 162 817 905) were halted abruptly on the ASX for “provisioning and business reviews.” Shine’s ensuing updated market guidance slashed its projected FY2016 earnings forecast slashed by half, from $54 million to $26 million. When trading resumed on 29 January 2016, Shine shared plummeted 73% in a single day. The class action lawsuit alleges this loss of share value occurred because Shine made misleading market statements about its real market value. This class action settled in the Summer of 2019.
In the News
Takata
CBS 60 Minutes – Sept, 2018- [Synopsis]
Litigation Finance Journal– Oct 2, 2017-Australian third party funder Regency Funding is financing a class action against Australian Securities Exchange-listed law firm Shine Corporate Ltd. Quinn Emanuel is accusing Shine of delivering misleading financial disclosures to investors prior to a massive share price drop.
Australian Lawyer– July , 2017– With the Australian Competition and Consumer Commission (ACCC) investigating the recall of Takata Corp. airbags, a global law firm known for its litigation expertise is heading to the Federal Court of Australia to file an open class action.
Learn about other class actions like the Boral Shareholder Class Action.
