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Law firm seeks 30% cut in EML shareholder class action
Banton Group 2022-06-14 2:24 pm By Cat Fredenburgh

The law firm that’s running a shareholder class action against payment processing company EML will seek a group costs order for a 30 per cent cut of the suit’s proceeds.

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ASIC puts funds on notice about ‘greenwashing’
ASIC 2022-06-14 2:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has put issuers of superannuation and managed funds on notice that it is monitoring the market for ‘greenwashing’ in promotions for sustainability-related products. 

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$630,000 legal bill should be borne by all Drakes class action members, court told
Adero Law 2022-06-14 9:45 pm By Cindy Cameronne

A law firm is seeking a funding equalisation order to have all group members contribute to the $630,000 legal bill it racked up in running an underpayments class action on behalf of Drakes store managers that has settled for $2 million.

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Toyota appeals loss in $2B diesel filter class action
Anais d'Arville 2022-06-10 11:45 pm By Cat Fredenburgh

Toyota has lodged an appeal of a judgment that could see it owe around $2 billion to 260,000 car owners for selling vehicles with defective diesel filters for more than they were worth.

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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.

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Class action applicants not harmed despite Hardi’s misleading ads for crop sprayer, judge says
Anthony Hopkins 2022-06-10 6:28 pm By Cindy Cameronne

A judge has found the lead applicant in a class action over an allegedly defective crop sprayer did not suffer any loss despite finding agricultural equipment manufacturer Hardi misled him and other farmers who bought the machine. 

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Judge allows report denying PFAS link with immunosuppression in contamination class action
Australian Government Solicitor 2022-06-10 7:02 pm By Sam Matthews

A class action alleging the federal government contaminated Indigenous land with toxic firefighting foam has lost a challenge to a report by a scientist who declined to find that the foam could cause adverse health effects including immunosuppression and interfere with the efficacy of vaccines.

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Mayfair’s James Mawhinney agrees to steer clear of IPO Wealth investors
Class Actions 2022-06-10 3:41 pm By Cindy Cameronne

Mayfair Group’s James Mawhinney has given an undertaking to not contact group members in a class action against a trustee of the collapsed IPO Wealth fund after allegedly urging investors, through a PR firm, to reject a settlement offer.

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CBRE offered to pay $600,000 before winning $20M negligent valuation case
Amelia Avery-Williams 2022-06-10 1:28 pm By Cindy Cameronne

A court has handed CBRE indemnity costs for successfully defending a negligent land valuation lawsuit by defunct fund manager City Pacific after it had offered $600,000 to settle the case.

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Clive Palmer’s nephew can’t dodge contempt proceedings over Queensland Nickel collapse
Alexander Law 2022-06-10 6:38 pm By Sam Matthews

The former director of Queensland Nickel and nephew of mining magnate Clive Palmer has lost another bid to dodge contempt proceedings brought by the collapsed company’s liquidators.

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