AMP says it will “vigorously defend” two class actions by shareholders in the wake of scandalous revelations at the Royal Commission that led to a $2 billion market cap drop.
A “secret” side agreement between the lead applicant in a shareholder class action and a litigation funder is at the centre of a dispute in the Federal Court that is delaying distribution of a $19 million settlement in the case.
A shareholder class action against mining company Iluka Resources has received funding, the company said Thursday.
Toyota was on notice about problems with Takata airbags 15 years ago, after a Takata inflator ruptured at one of the car maker’s testing facilities, according to new claims in a class action.
Law firm Quinn Emanuel has filed the first shareholder class action against AMP ahead of the beleaguered company’s annual general meeting on Thursday.
Just who is entitled to join a Fair Work action against Airservices Australia is still up in the air, a court heard Tuesday, with lawyers clashing over the scope of the employee class five months after the case was filed.
Volkswagen has been ordered for a third time to provide the court with the names of employees who were involved in approving the emissions cheat software that’s at the center of litigation by Australia’s consumer regulator and several class actions against the German car maker.
A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a $5 billion stock market wipeout for the insurance provider.
A former Volkswagen CEO Martin Winterkorn has been charged in the US with conspiracy and fraud over the car maker’s long-running scam to cheat emissions tests, two months after VW faced trial in Australia over dieselgate.
MyBudget has exploited tens of thousands of customers already in financial difficulty and owes them interest on money they entrusted to the debt management company, the federal Court heard at the end of a two-day class action hearing Thursday.