Most Recent
US class action targets Westpac execs over AUSTRAC scandal
Allens 2020-01-31 4:08 pm By Cat Fredenburgh Melbourne
Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than 23 million occasions, in the first lawsuit to point the finger at the company's executives.
Arnold Bloch Leibler sues Slater and Gordon to use docs in class action defence
Arnold Bloch Leibler 2020-01-31 2:34 pm By Christine Caulfield Melbourne
Facing a class action by shareholders alleging negligence over advice to Slater & Gordon, law firm Arnold Bloch Leibler is bringing proceedings against its former client to use files in defence of the case.
Treasury Wine Estates may face shareholder class action
Class Actions 2020-01-31 2:22 pm By Cat Fredenburgh Melbourne
Treasury Wine Estates may be hit with a shareholder class action following a recent surprise earnings downgrade that led to a drop in the company's share price.
Westpac to face US class action over AUSTRAC scandal
APRA 2020-01-30 3:10 pm By Cat Fredenburgh Melbourne
A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.
ISignthis may face shareholder class action over profit downgrade
ASIC 2020-01-29 1:10 pm By Cat Fredenburgh
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
ASIC 2020-01-24 1:55 pm By Cat Fredenburgh Melbourne
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.
Crown wins challenge to ‘impermissible’ order letting jailed staff talk to class action firm
Appeals 2020-01-22 3:56 pm By Miklos Bolza Sydney
Crown Resorts has successfully challenged a ruling allowing law firm Maurice Blackburn to communicate with 18 formerly jailed employees to gather evidence in its shareholder class action against the casino giant.
‘Worthless and unsaleable’: Accounting firm hit with class action over Guvera advice
Accounting 2020-01-20 2:07 pm By Miklos Bolza Sydney
Shareholders of collapsed music streaming platform Guvera have filed a class action against an accounting firm seeking to recoup their losses for the firm's alleged negligence in promoting an investment opportunity in the failed tech company.
Surfstitch class action members may be better off bailing out of settlement
Arnold Bloch Leibler 2020-01-15 10:28 am By Miklos Bolza Sydney
Unfunded group members in two shareholder class actions against online fashion retailer Surfstitch have been told they are likely better off to opt out of a settlement if a judge approves $6 million in fees and a 30 per cent commission sought by the law firms and funder that brought the cases.
Dick Smith class actions can tweak case against Deloitte
Class Actions 2020-01-13 5:02 pm By Miklos Bolza Sydney
The lead plaintiffs in two shareholder class actions against Dick Smith can amend their case against accounting firm Deloitte, less than two months before a mammoth hearing is set to commence.