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Crown class action can access Vic gaming watchdog’s interviews with employees
Class Actions 2021-05-05 1:34 pm By Miklos Bolza Sydney

A shareholder class action against Crown Resorts can access transcripts of interviews conducted by the Victorian gaming regulator with former top brass and two Crown employees who were arrested in China in 2016 as part of a crackdown on gambling

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Forge liquidators can expand insider trading case against Clough, directors
Anthony Willinge 2021-05-04 4:56 pm By Miklos Bolza Sydney

The liquidators of Forge Group have won court approval to expand their insider trading case against construction company Clough over the $187 million sale of its stake in the failed engineering and construction firm.

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Judge mulling $38.4M Estia settlement hears class closure rulings ‘plainly wrong’
Bernard Quinn 2021-05-04 2:49 pm By Miklos Bolza Sydney

A judge weighing a $38.4 million settlement in a shareholder class action against aged care provider Estia Health has been told that two NSW Court of Appeal judgments barring class closure were “plainly wrong”, but in deciding whether to lock group members out of the settlement the judge says he won’t need to grapple with the landmark rulings.

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Court can order class action opt out notices for limited number of group members, judge says
Anya Poukchanski 2021-04-27 9:21 pm By Miklos Bolza Sydney

A judge has found he has power to order that opt out notices be sent to a limited number of Boral shareholders eligible to join two class actions that faced off last month in a class action beauty parade.

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Trustee of Mayfair’s IPO Wealth looks to dodge liability in $86M class action
ASIC 2021-04-26 5:53 pm By Miklos Bolza Sydney

The trustee of Mayfair Group’s collapsed IPO Wealth Fund has denied claims in a class action that it misled investors who lost $86 million when the fund was wound up, and says it is fully indemnified for the class action’s claims under an agreement with the fund.

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Biotech Mesoblast to be hit with class action over COVID-19 treatment disclosures
Class Actions 2021-04-22 9:25 pm By Cindy Cameronne Sydney

Australian regenerative medicine company Mesoblast faces a shareholder class action over disclosures related to its Remestemcel-L treatment for COVID-19 complications.

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Slater & Gordon pushes back against ‘onerous’ discovery in Arnold Bloch Leibler class action
Arnold Bloch Leibler 2021-04-16 3:03 pm By Cindy Cameronne Sydney

Slater & Gordon has argued discovery is becoming “unduly onerous” in a cross-claim filed by Arnold Bloch Leibler in a class action accusing the law firm of breaching its duty of care by greenlighting Slate & Gordon’s $1.2 billion acquisition of Quindell.

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Gaming watchdog dragged into Crown class action over Chinese gambling crackdown
Class Actions 2021-04-15 4:16 pm By Miklos Bolza Sydney

Victoria’s gaming regulator may seek to block access by a shareholder class action against Crown Resorts to transcripts of interviews with Crown employees about a Chinese gambling crackdown that resulted in the jailing of 19 employees in 2016.

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Court orders G8 class action plaintiff to remove redaction from costs agreement
Class Actions 2021-04-12 11:00 am By Miklos Bolza Sydney

A judge has ordered the lead applicant in a shareholder class action against G8 Education to disclose a previously redacted clause of a costs agreement to the childcare centre operator, saying he failed to show how supplying the information would give G8 a tactical advantage in the case.

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Law firm drops opt out clause from funding agreement in Boral class action
Boral 2021-04-09 3:11 pm By Miklos Bolza Sydney

Phi Finney McDonald will amend its funding agreement with Therium in a shareholder class action against Boral after a judge found that an irrevocable opt out provision placed the law firm in a “manifest position of conflict”.

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