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US plaintiffs firms set to pounce on Treasury Wine Estates
Class Actions 2020-05-06 11:54 am By Miklos Bolza Sydney
Treasury Wine Estates is facing the threat of multiple shareholder class actions in the US over a January 2020 profit downgrade that is already  at the centre of two class actions filed in Australia.
Common fund order slapped down in Vocus class action
Class Actions 2020-05-04 5:50 pm By Miklos Bolza Sydney
A judge has declined to make a common fund order in approving a $35 million settlement in a shareholder class action against telecommunications firm Vocus Group, resulting in a reduced payout for the funders that backed the case.
Qantas, Jetstar may face class action over vouchers
Class Actions 2020-05-04 12:33 pm By Cat Fredenburgh Melbourne
Airlines could be the first targets of an anticipated COVID-19 class action blitz, with a major law firm threatening litigation against Qantas, Jetstar and other travel providers for compensating customers on shuttered flights with vouchers instead of full refunds.
Treasury Wine Estates hit with second class action over earnings downgrade
Class Actions 2020-05-01 12:36 pm By Miklos Bolza Sydney
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.
Judge questions if High Court ruling allows common fund orders at settlement
Class Actions 2020-04-24 11:34 pm By Miklos Bolza Sydney
The judge presiding over the settlement approval hearing in a shareholder class action against telecommunications company Vocus Group has questioned whether the High Court's recent ruling striking down common fund orders at the outset of class actions would allow him to make such an order at settlement.
Class action says AMP wielding ‘threat’ of strike out application
AMP 2020-04-24 3:15 pm By Alison Eveleigh Sydney
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.
Slater and Gordon cuts directors, senior executives pay
Business of Law 2020-04-21 6:13 pm By Alison Eveleigh Sydney
Slater and Gordon’s directors and senior executives have taken a voluntary pay cut of up to 15 per cent in a move aimed at giving the firm flexibility to respond to the COVID-19 pandemic.
Payday lender Cigno faces possible predatory lending class action
Class Actions 2020-04-16 2:53 pm By Cat Fredenburgh Melbourne
Cigno is facing a possible class action over alleged predatory lending practices that were banned by the Australian Securities and Investments Commission last year, one day after losing a courtroom challenge to the ban.
Judge calls for legislative fix in wake of High Court’s common fund ruling
Class Actions 2020-04-09 1:50 pm By Christine Caulfield Melbourne
Lamenting that he now has less flexibility to manage commission rates, a judge has called for legislative intervention to give courts authority to regulate funding arrangements at the outset of class actions, a power stripped from them by the High Court late last year.
Mark Elliott’s firm has fees cut by ’embarrassing’ $2M as Murray Goulburn settlement approved
Agriculture 2020-04-07 4:42 pm By Miklos Bolza Sydney
A judge has signed off on a $37.5 million Murray Goulburn class action settlement but slashed $2 million in legal costs sought by Mark Elliott's law firm, which is running the case.