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Top 10 class action settlements of 2020
Adam Hochroth 2021-01-12 10:46 pm By Spencer Fowler Steen Melbourne

Payouts in class actions in 2020 largely kept pace with the previous year despite the financial strain of the COVID-19 pandemic, with companies and other defendants paying more than $696 million to settle class actions last year.

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Group members will get about half of $50M Vocation class action settlement
Accounting 2020-12-18 2:37 pm By Cat Fredenburgh Melbourne

Shareholders of collapsed vocational training company Vocation are poised to get about half of a $50 million settlement reached last month in a complex, long-running class action alleging the company failed to make adequate disclosures about its contracts with the Victorian Department of Education.

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Crown Resorts hit with class action over money laundering compliance
AUSTRAC 2020-12-14 12:01 pm By Cat Fredenburgh Melbourne

Maurice Blackburn has hit Crown Resorts with a shareholder class action alleging the casino giant had lax anti-money laundering compliance systems in place over  a six-year period.

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$50M settlement resolves class action against Vocation, PwC
Accounting 2020-11-30 9:07 pm By Cat Fredenburgh Melbourne

A $50 million settlement has been reached in a long-running shareholder class action against defunct vocational training company Vocation that also spawned multiple cross-claims against the failed company’s auditor PricewaterhouseCoopers, law firm Johnson Winter & Slattery and individual directors.

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Law firm investigating expanded Crown class action amid anti-money laundering probe
Class Actions 2020-10-23 10:23 pm By Christine Caulfield Melbourne

Maurice Blackburn is looking at potentially expanding its shareholder class action against Crown Resorts after it emerged at the NSW gaming authority inquiry that the casino giant may have breached anti-money laundering laws.

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Prepping large class action for trial no reason for relief from COVID-19 restrictions, top judge says
Chief Justice James Allsop 2020-09-24 4:14 pm By Christine Caulfield Melbourne

The need to properly prepare a large commercial class action is not reason enough to relieve lawyers of COVID-19 restrictions aimed at protecting the health and safety of Victorians, the Federal Court’s chief judge has said in explaining why he denied a bid by the Melbourne-based legal team behind the Crown Resorts class action to have the case declared a priority.

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Judge again rejects priority application in Crown Resorts class action
Chief Justice James Allsop 2020-09-23 2:48 pm By Cat Fredenburgh Melbourne

A judge has denied a request to grant priority status to a shareholder class action against Crown Resorts that would have allowed the Melbourne-based legal team running the case to access childcare and leave their homes for work while the state of Victoria remains in lockdown.

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Settlement reached in shareholder class action against Vocation, auditor PWC
Allen & Overy 2020-09-18 10:33 pm By Cat Fredenburgh Melbourne

A shareholder class action against Vocation that has spanned five years and spawned multiple cross claims against the failed training company’s auditor, law firm and individual directors, has reached an in-principle settlement.

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Running class action trial from kitchen table ‘preposterous’, court hears
Class Actions 2020-09-18 4:43 pm By Christine Caulfield Melbourne

Describing as “preposterous” the prospect of running a six-week trial in a class action against Crown Resorts from her kitchen table with three children at home, the Melbourne-based barrister for the lead applicant is again urging the Federal Court to declare the case a priority matter.

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Top judge won’t help class action lawyers get childcare ahead of trial in locked down Vic
Chief Justice James Allsop 2020-08-28 11:33 pm By Christine Caulfield Melbourne

The Federal Court’s top judge has refused a bid by the lead applicant in a class action against Crown Resorts to have the case declared a priority matter to allow Melbourne-based lawyers access to childcare while they prepare for a six-week trial.

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