Most Recent
Westpac unit in talks to settle class action over Samra Ponzi scheme
Allens 2019-06-03 2:17 pm By Cat Fredenburgh Melbourne
Westpac unit BankSA is in talks to resolve a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra.
Combustible cladding class action has prima facie case against manufacturer, judge says
Class Actions 2019-06-03 1:17 pm By Miklos Bolza Sydney
A judge has allowed the applicant in a class action over allegedly dangerous combustible cladding to sue a German-based cladding manufacturer, saying there was a prima facie case the company violated the Australian Consumer Law.
Shine Lawyers settles shareholder class action
Class Actions 2019-05-31 11:55 pm By Christine Caulfield Melbourne
Publicly-traded law firm Shine Lawyers has reached a confidential agreement to settle a class action alleging it misled shareholders about the value of ongoing business activities, the first ever settlement of a class action in Queensland.
Class action by sailors over broken Navy training contract revived on appeal
Appeals 2019-05-31 11:55 pm By Christine Caulfield Melbourne
An appeals court has overturned a decision dismissing a class action on behalf of enlisted Navy sailors alleging the Commonwealth of Australian breached a contract to train them to earn engineering degrees.
Judge hits funder-backed Appco class action with costs despite ‘no costs’ rule
Adero Law 2019-05-31 5:07 pm By Amelia Birnie Sydney
A judge has hit the applicant in a sham contraction class action against Appco with costs for forcing the company to file a defence to a superseded pleading, saying the usual "no costs" rule in Fair Work cases had less force in actions backed by third party litigation funders.
Judge tosses class action over Rudd Government’s home insulation subsidy program
Class Actions 2019-05-31 2:56 pm By Cat Fredenburgh Melbourne
The government has won a victory following a lengthy trial in a class action brought on behalf of businesses alleging they were harmed when the Rudd Government cancelled a program that subsidised home insulation installations during the economic downturn.
Piper Alderman says costs breach in KPMG class action ‘obviously accidental’
Class Actions 2019-05-31 2:42 pm By Amelia Birnie Sydney
Piper Alderman has urged a judge to excuse its “obviously accidental” breach of legal profession costs regulations in its Discovery Metals investor class action against KPMG, warning that group members could suffer detriment if its $3.5 million legal bill was not approved quickly.
Iluka class action lands new funder, but $1.25M security outstanding
Caspar Conde 2019-05-30 8:49 pm By Amelia Birnie Sydney
The applicants in the Iluka Resources shareholder class action have been given a two month extension to provide a $1.25 million security for costs, after they managed to secure an in-principle deal with a new litigation funder.
Ex-Hastie Services CEO ordered ‘raid’ on balance sheets to make up targets, court hears
Class Actions 2019-05-30 5:19 pm By Miklos Bolza Sydney
The former CEO of a unit of collapsed construction firm Hastie Group told staff to "raid the balance books" to make up financial targets linked to his bonus, prosecutors said at the outset of a two-month criminal trial.
‘Sensible’ funder won’t stick toxic foam class with costs after last-minute common fund withdrawal
Australian Government Solicitor 2019-05-30 3:33 pm By Miklos Bolza Sydney
A judge has praised funder IMF Bentham for not seeking to recover from group members the cost of a withdrawn common fund application in one of Shine Lawyer's toxic foam class actions, agreeing instead to cop the loss itself.