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The judge overseeing seven class actions against car makers over defective Takata airbags has shot down the applicants' opposition to a soft class closure order in advance of mediation, saying the cases would not be a "mystery tour" from here on out.
In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous disclosure obligations by failing to inform shareholders of problems with a large government contract.
Litigation funder Regency Funding has sought leave to intervene as a major player in one of two challenges to the courts' powers to issue common fund orders in class actions, but it might have a fight on its hands.
A NSW Supreme Court judge said Monday it will refer to the Court of Appeal a challenge by car giant BMW to a common fund order proposed by law firm Quinn Emanuel Urquhart & Sullivan for its six class actions over Takata airbags.
A Federal Court judge on Friday reluctantly approved a $12 million settlement in the long-running class action against Bank of Queensland, saying it left almost nothing for those affected by the notorious Sherwin Ponzi scheme.