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AIG can’t avoid bill for Murray Goulburn class action, judge rules
Agriculture 2021-03-26 6:22 pm By Miklos Bolza

Insurer AIG Australia will have to pay collapsed diary processing firm Murray Goulburn at least $8.85 million after a court ruled it was liable to cover some of the costs of a $42 million class action settlement reached with irate investors last year.

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Murray Goulburn insurer says it shouldn’t be on the hook for class action settlement
ASIC 2021-02-23 3:06 pm By Spencer Fowler Steen

Murray Goulburn insurer AIG Australia says it should not have to pay 20 per cent of a $42 million class action settlement reached by the dairy cooperative, arguing on Tuesday that the class action claims failed to satisfy the definition of a “securities claim” in its insurance policy.

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Judge refuses class action’s bid to amend forex cartel case against banks
Allen & Overy 2021-02-01 3:24 pm By Christine Caulfield

A judge has sided with five investments banks and rejected a bid to amend a class action alleging a series of cartel agreements to rig foreign exchange rates, saying there were “substantial problems” with the proposed pleadings.

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The top litigation law firms of 2020
Allens 2021-01-27 11:21 pm By Cat Fredenburgh

Lawyerly’s Litigation Firms of 2020 delivered significant victories for clients last year in bet-the-company matters, thriving in a tumultuous year that saw courts and litigants adapt to virtual trials and other new norms that are sure to outlast the COVID-19 pandemic.

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Law firms agree to consolidate AMP insurance class actions
AMP 2020-12-22 1:18 pm By Cat Fredenburgh

Two law firms that have filed competing class action against AMP over allegedly excessive insurance premiums have changed tack and agreed to consolidate the proceedings.

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BHP appeals ruling allowing foreign group members in shareholder class action
Alistair Pound 2020-12-14 4:53 pm By Miklos Bolza

BHP Group Ltd has appealed a ruling allowing foreign group members to be part of a shareholder class action against the mining giant over the Fundao dam failure in Brazil five years ago.

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BHP can’t shut out foreign group members from class action
Alistair Pound 2020-11-27 10:08 pm By Christine Caulfield

Mining giant BHP has lost a fight to keep foreign group members out of a shareholder class action over the Fundao dam failure in Brazil five years ago.

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Shareholders appeal dismissal of Worley class action
Alexander Edwards 2020-11-19 11:47 am By Christine Caulfield

Shareholders who lost a Federal Court trial in their class action against engineering company Worley are challenging the decision to dismiss the case.

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Law firms behind competing AMP class actions fight consolidation
AMP 2020-10-27 4:37 pm By Cat Fredenburgh

A showdown over two competing class actions against AMP is set down for December, and the applicants will have to persuade the judge overseeing the cases that they should not be consolidated.

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Worley ruling the latest setback for shareholder class actions
Alexander Edwards 2020-10-23 5:48 pm By Christine Caulfield

A judge’s decision to throw out a shareholder class action against engineering company Worley is a loss for plaintiffs lawyers and could result in fewer listed companies willing to settle cases alleging they breached their disclosure obligations, but the ruling is not likely to have a significant chilling effect on securities litigation.

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