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Treasury Wine’s blackout of board papers ‘not justified’, class action judge says
Alistair Pound 2022-05-23 3:03 pm By Cindy Cameronne Sydney

A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer’s redactions of board papers were “not justified”.

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AUSTRAC refuses exemption for CBA in ‘cuckoo-smurfing’ case
Access Law 2022-05-23 12:51 pm By Cindy Cameronne Sydney

The Commonwealth Bank of Australia will bring its second bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.

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Special leave refused in dispute over $81.8M Parklea Markets sale
Appeals 2022-05-20 3:20 pm By Cindy Cameronne Sydney

The High Court has refused Sydney retail personality Con Constantine’s bid to challenge a $4.25 million judgment in his favour over the $81.8 million Parklea Markets sale in 2016.

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Cliver Palmer can’t bring new case over $102M Queensland Nickel loan
Adam Pomerenke 2022-05-20 2:59 pm By Cindy Cameronne Sydney

Clive Palmer-owned Queensland Nickel Sales has lost its bid to bring a breach of trust lawsuit against the liquidators of Queensland Nickel to recoup $102 million transferred after the billionaire suffered a courtroom defeat last year.

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Quintis class action settlement takes hit as insurers win appeal
Agriculture 2022-05-19 4:39 pm By Cindy Cameronne Sydney

Two insurers have won an appeal that blocks group members in a class action against sandalwood producer Quintis from receiving a further $11.25 million after a settlement was reached almost two years ago. 

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Judge to hear rival bids for contingency fees in Beach Energy class actions
Alistair Pound 2022-05-17 4:32 pm By Cindy Cameronne Sydney

A judge overseeing a beauty parade of two class actions against Beach Energy will hear competing bids for contingency fees by the plaintiffs’ firms before choosing which of them will have carriage of the case.

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Toyota must pay $18,000 in damages to applicant in defective filter class action
Anais d'Arville 2022-05-17 2:44 pm By Cindy Cameronne Sydney

A judge has awarded a Queensland motor vehicle assessor $18,400 in damages in a class action against Toyota over allegedly defective diesel filters in its cars that could see the automotive giant owe close to $2 billion to 260,000 car owners.

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ASIC wins admissions from debt collector that threatened imprisonment
ASIC 2022-05-16 5:37 pm By Cindy Cameronne Sydney

Debt collection agency A&M Group, trading as Debt Negotiators, has admitted it unduly harassed and coerced debtors by repeatedly contacting family, friends and employers and claiming they could face imprisonment.

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Noni B owner must fork over docs over potential Spam Act violations
ACMA 2022-05-16 3:26 pm By Cindy Cameronne Sydney

Mosaic Brands has lost its appeal of a ruling ordering it to comply with a request for documents from the Australian Communications and Media Authority over alleged violations of the Spam Act. 

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Judge says unnamed funder has to provide security in Westconnex class action
Class Actions 2022-05-16 3:18 pm By Cindy Cameronne Sydney

A judge has ordered an unnamed funder to give $415,000 in security for the NSW government’s legal costs in a class action alleging it fraudulently acquired land for the construction of the WestConnex tunnel and caused loss and damage to 3,000 land holders.

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