Global winemaker and distributor Treasury Wine Estates has been hit with a second class action over an earnings downgrade made in January this year, setting the stage for a possible fight between the law firms leading the proceedings.
Maurice Blackburn’s shareholder class action against AMP should be put on ice until the High Court decides whether a ruling in last year’s beauty parade awarding the firm carriage of the matter was decided in error, a court has heard.
The Queensland government is seeking court orders that put dam operators Seqwater and Sunwater on the hook for the vast majority of damages after a class action judgment found negligence in the lead up to the state’s 2011 floods that destroyed 2,000 homes.
A judge has signed off on a $32.4 million settlement in a shareholder class action against engineering services firm CIMIC, including a hefty legal bill for the firm that brought the case.
A plaintiffs law firm has fired off another class action against Uber after losing a bid to amend the group definition in a class action brought against the ride-sharing giant last year.
A hearing to determine damages in the Queensland floods class action will proceed next week despite an appeal brought by the two dam operators that were found liable for the 2011 floods in the state that destroyed 2,000 homes.
Repeated suggestions of a planned strike out application are being used as a “threat” by four AMP subsidiaries and two trustees in a consolidated class action over allegedly excessive superannuation fees, a court has heard.
The lead applicant in a shareholder class action against Crown Resorts is considering alternative options for examining 18 former jailed employees after an appeals court found communication with the employees was impermissible given confidentiality agreements they had with Crown.
The power of courts to choose a single winner from a contest of competing class actions is not the likely target of the High Court in taking up a challenge to last year’s beauty parade of shareholder proceedings against AMP, but the analysis behind the decision to award Maurice Blackburn the prize could face scrutiny, experts say.
The High Court has agreed to weigh in on a decision last year to pick Maurice Blackburn’s case as the winner of a beauty parade of shareholder class actions against AMP over the wealth manager’s controversial fees for no service.