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Shine Lawyers wins battle to run $463M Dixon Advisory class action
ASIC 2022-05-19 4:24 pm By Sam Matthews Melbourne

Shine Lawyers has beaten out class action rival Piper Alderman in a battle to lead a class action worth up to $463 million against collapsed wealth managers Dixon Advisory, with a judge finding the firm’s no win, no fee model was likely to result in a greater return to group members.

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a2 Milk hit with another shareholder class action
Benjamin Cameron 2022-05-18 5:38 pm By Cat Fredenburgh Melbourne

a2 Milk is facing a shareholder class action in New Zealand on behalf of investors who allegedly suffered loss when the company’s share price plummeted on the heels of a revised outlook for the 2021 financial year amid challenges in the Chinese market.

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Viagogo loses appeal of $7M penalty for duping consumers
ACCC 2022-05-18 2:03 pm By Sam Matthews Melbourne

Viagogo has lost a bid to overturn a $7 million penalty handed down after a judge found the ticket reseller misled customers on an “industrial scale”.

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‘Box them in’: Company pressured customers to invest in timeshare scheme, court finds
ASIC 2022-05-17 9:41 pm By Sam Matthews Melbourne

A judge has found that financial advisers acting for Ultiqa Lifestyle Promotions gave advice against the best interests of consumers, cornering them into investing thousands of dollars into a timeshare scheme that many could not afford.

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Judge to hear rival bids for contingency fees in Beach Energy class actions
Alistair Pound 2022-05-17 4:32 pm By Cindy Cameronne Sydney

A judge overseeing a beauty parade of two class actions against Beach Energy will hear competing bids for contingency fees by the plaintiffs’ firms before choosing which of them will have carriage of the case.

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Ford pushing for 10-day hearing in ‘all-in appeal’ of complex class action decision
Allens 2022-05-17 3:01 pm By Sam Matthews Melbourne

Ford is seeking an extended hearing of its appeal from a class action judgment in favour of 185,000 vehicle owners over their allegedly defective cars, saying a “significant excavation” of the ruling is now in order. 

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Toyota must pay $18,000 in damages to applicant in defective filter class action
Anais d'Arville 2022-05-17 2:44 pm By Cindy Cameronne Sydney

A judge has awarded a Queensland motor vehicle assessor $18,400 in damages in a class action against Toyota over allegedly defective diesel filters in its cars that could see the automotive giant owe close to $2 billion to 260,000 car owners.

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GetSwift, directors drop appeal of judgment on ‘PR-driven’ approach to disclosures
Alan Shearer 2022-05-16 11:38 pm By Cat Fredenburgh Melbourne

Logistics company GetSwift and its directors have dropped their challenge to a judgment that found the company breached its continuous disclosure obligations with its “PR-driven” approach to ASX statements.

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ASIC wins admissions from debt collector that threatened imprisonment
ASIC 2022-05-16 5:37 pm By Cindy Cameronne Sydney

Debt collection agency A&M Group, trading as Debt Negotiators, has admitted it unduly harassed and coerced debtors by repeatedly contacting family, friends and employers and claiming they could face imprisonment.

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Late evidence allowed in Myer JV spat after $100K error by lawyer, expert
Competition & Consumer Protection 2022-05-16 5:00 pm By Sam Matthews Melbourne

A judge has allowed the plaintiffs in a lawsuit over a Myer joint venture to tender extra evidence, after a $100,000 miscalculation was discovered during cross-examination in the final days of a hearing.

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