NAB will fight a bid by a $78 million class action over the collapse of Walton Construction to add serious fraud allegations in the four-year-old case, which a judge said has been “mired in a procedural mess”.
Delivering on one of its enforcement priorities, the Australian Securities and Investments Commission has taken two units of insurer IAG to court for allegedly misleading home owners insurance customers about loyalty discounts.
The University of Sydney has lost a bid to amend its claims against a consultant in litigation over allegedly defective building work carried out on its Charles Perkins Centre in Camperdown.
After surviving multiple strike-out bids, a class action against Carnival over norovirus outbreaks on its Sun Princess cruise ship is still facing a “lurking” issue about a potential stay in relation to the claims of a subset of group members.
The maker of Mother energy drinks has won an appeal of an IP Australia decision, succeeding in its bid to prevent a Victoria-based company from registering Kangaroo Mother as a trade mark for beverages.
A man has been charged with trading in inside information in advance of Westfarmers’ $776 million acquisition of lithium company Kidman Resources in 2019.
A judge has approved a $41.45 million settlement in a pelvic mesh class action against manufacturers Covidien and TFS but has put off deciding on the costs of the firm that ran the case, saying it is “next to useless” when law firms appoint their own costs consultants.
Deloitte may seek confidentiality orders over the amount it agreed to pay to settle a shareholder class action over its audits of collapsed construction group Hastie.
A judge has panned as “thoroughly unsatisfactory” a draft notice informing group members in an underpayments class action against the federal government that only claims on behalf of postgraduate research students at the University of Sydney will continue.
The Commonwealth Bank of Australia has agreed to backpay thousands of branch staff $3 million to settle a lawsuit alleging it failed to provide employees with paid rest breaks for at least six years.