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$50M settlement approved in NT Stolen Generation class action
Alexander Edwards 2023-04-17 4:35 pm By Cindy Cameronne

A judge has approved a $50.45 million settlement in a class action by family members and deceased estates of the Northern Territory Stolen Generations. He has also approved a 13 per cent funding commission by way of a common fund order, saying debates about CFOs had become “lost in the label”.

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‘You are not working at RMIT’: Art school dean fired over Instagram for taking leave, suit says
Education 2023-04-14 11:07 pm By Cindy Cameronne

The former dean of art school LCI Melbourne is seeking over $860,000 in compensation in a case alleging she was unfairly sacked via Instagram direct message because she took paid annual leave during “the most important term of the year”.

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Forex broker representative loses challenge to ASIC expert opinion
ASIC 2023-04-14 4:35 pm By Cindy Cameronne

The authorised representative of forex broker Union Standard can’t exclude parts of an opinion by an ASIC-appointed expert in a case alleging it traded in margin products with Chinese clients despite knowing it was illegal under Chinese law.

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KordaMentha partners fight examination over Arrium administration
Alexander Di Stefano 2023-04-14 3:38 pm By Cindy Cameronne

The Australian Securities and Investments Commission is fighting a challenge by three KordaMentha partners to the regulator’s decision to allow insurer Atradius to subject them to public examination over their administration of failed steel giant Arrium.

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As trial in family feud nears, Gina Rinehart’s Hancock Prospecting rebuked for contributing to delay
Adam Hochroth 2023-04-13 11:06 pm By Cindy Cameronne

A judge has granted a discovery bid by two of Gina Rinehart’s children as a long-running fight over ownership of a valuable mining tenement nears trial, and has rejected her company’s argument that they were solely responsible for dragging out a dispute over documents.

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KPMG points finger at CudeCo, directors in class action over company collapse
Accounting 2023-04-13 4:33 pm By Cindy Cameronne

KPMG has hit back at a shareholder class action over allegedly misleading statements made ahead of CuDeco’s collapse in 2020, placing blame on the defunct mining company, its directors and group members themselves. 

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CIMIC wins access to institutional investor details in shareholder class action
Alexandra Folie 2023-04-13 1:16 pm By Cindy Cameronne

Construction firm CIMIC has won its bid to view identifying information about institutional investors in a shareholder class action, despite the applicant’s claims it could deter group members from signing on to the case. 

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Essure contraceptive ‘safe and efficacious’, Bayer tells class action trial
Class Actions 2023-04-12 9:20 pm By Cindy Cameronne

Bayer told a jury that clinical trials from the 1990’s to 2014 showed its Essure birth control device was “safe and efficacious”, as the pharmaceutical giant faces trial in a class action by patients who claim they suffered debilitating injuries from the device.

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High Court dashes Spain’s challenge to sovereign immunity claims in $394M dispute
Arbitration 2023-04-12 1:48 pm By Cindy Cameronne

Spain has lost its High Court appeal arguing it had sovereign immunity from an Australian court’s recognition of a $394 million arbitration award against the country for changes to its energy policies. 

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Carnival wins strike-out bid in class action over gastro outbreaks
Class Actions 2023-04-12 11:41 am By Cindy Cameronne

Carnival has won its bid to strike out a class action over norovirus outbreaks on its Sun Princess cruise ship. 

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