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3A Composites wins push for detailed claims in cladding class action
Class Actions 2022-08-09 1:34 pm By Cindy Cameronne Sydney
A judge has ordered that the lead applicant in a class action against German cladding manufacturer 3A Composites give further details on how its allegedly combustible cladding caused losses for property owners.
Suncorp to pay $33M in super class action settlement
Arnold Bloch Leibler 2022-07-25 11:24 pm By Christine Caulfield
The settlement figure in a class action against a unit of Suncorp Group has been revealed as $33 million, and super members are set to share in the net sum of $14 million, or 42.5 per cent of the deal.
Sims class action funder, lawyers stake claim to 57% of settlement
Alexander Edwards 2022-07-08 11:32 am By Christine Caulfield
The funder and law firm running a shareholder class action against recycling company Sims Limited are seeking more than 57 per cent of a $29.5 million settlement for commission and costs, including an insurance policy to cover the risks of losing the case.
Sims settles shareholder class action for $29.5M
Alexander Edwards 2022-06-10 9:43 am By Christine Caulfield
Recycling company Sims Limited will pay $29.5 million to settle a shareholder class action alleging earnings guidance for FY16 failed to account for the likely prospect of falling scrap metal prices.
Mesoblast hit with second shareholder class action over COVID-19 drug
Class Actions 2022-06-07 3:17 pm By Cat Fredenburgh Melbourne
Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleading shareholders about it Remestemcel-L treatment for COVID-19 complications.
Funder sells interest in combustible cladding class actions for $20M
Class Actions 2022-05-30 9:36 pm By Christine Caulfield Melbourne
The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.
Suncorp Group settles class action ahead of 25-day trial
Arnold Bloch Leibler 2022-05-23 1:07 pm By Sam Matthews Melbourne
A unit of Suncorp Group has reached an in-principle settlement in a class action over alleged conflicted remuneration on the first day of an expected 25-day trial.
In victory for class action, judge says bad breast implant claims can advance
Anthony McInerney 2022-05-20 10:45 pm By Cat Fredenburgh Melbourne
The applicants in a class action against The Cosmetic Institute and twelve doctors over allegedly "incompetent" breast augmentation surgery have won court approval to expand their case to allege misleading and deceptive conduct and breaches of the consumer guarantees in the Australian Consumer Law.
Mesoblast hit with shareholder class action over stem cell treatment
Class Actions 2022-05-19 4:16 pm By Sam Matthews Melbourne
Regenerative medicine company Mesoblast is facing another class action over claims it misled shareholders about the potential application of a developmental stem cell product to treat terminally ill children.
Bill Papas’ girlfriend hits back at Westpac’s case over alleged $294M fraud
Ashurst 2022-05-11 9:23 pm By Cindy Cameronne Sydney
Bill Papas’ girlfriend Louise Agostino has hit back at Westpac’s lawsuit accusing her of involvement in the Forum Group director’s alleged $294 million fraud, denying all allegations and arguing that the bulk of the bank’s claims against her should be struck out.