Hong Kong-based conglomerate CITIC and two of its subsidiaries have taken mining magnate Clive Palmer and his firm Mineralogy to court over the $5.8 billion Sino Iron Ore Project in Western Australia.
Quinn Emanuel has filed a class action against Volkswagen over cars fitted with defective Takata airbags, the seventh class action filed by the firm in what’s been touted as one the largest consumer class actions in Australia.
Fundraising company Appco Group has dropped its appeal of a judge’s decision to let an $85 million wage case against it move forward as a class action.
ASIC has been given a little over a month to provide ANZ with documents it collected during the course of its investigation into a $2.5 billion ANZ share placement, as the bank, which is facing a related criminal cartel case, mulls whether to file an application to stay the regulator’s action.
Blasting the battle of competing class actions as a fight for the “commercial interests” of litigation funders not class members, a judge has called on lawyers for two shareholder actions against Brambles to settle the dispute themselves.
A Federal Court judge has ordered Volkswagen to produce documents related to its calculations on how its emissions cheating scandal could affect car prices.
Woolworths has shot back at claims in a shareholder class action that it breached its continuous disclosure obligations, saying the lawsuit doesn’t allege there was material information it should have disclosed to shareholders in advance of its downward revision of a 2015 profit guidance.
Real estate group Ray White has been hit with lawsuits by two sacked directors of its projects unit, who claim they turned down profit-sharing job offers from industry rivals for lucrative, long-term employment with the family-owned agency that lasted seven months.
Former Solicitor-General Justin Gleeson, SC, told a Federal Court judge Wednesday to reject a proposed $35 million deal between ASIC and Westpac, saying the bank should pay at least $100 million if it committed the responsible lending breaches alleged by the regulator.
The judge overseeing a class action against American Medical Systems over allegedly defective pelvic mesh implants has rejected the medical device maker’s bid to alter the start date for a sub-group of class members.