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Consumer goods giant Reckitt Benckiser is seeking more information after advertisements for rival AFT Pharmaceuticals' Maxigesic painkiller were found in-store and online despite the court ordering the removal of the misleading displays earlier this month.
Litigation funder Investor Claim Partner won't promise it will maintain a lower commission rate in one of the Dick Smith class actions if mediation is delayed to next year.
The court's authority to shut down competing class actions is no longer in doubt after Tuesday's Full Federal Court judgment in the case against GetSwift, and while there is no "silver bullet" when it comes to how judges must deal with multiple proceedings, there are key factors to weigh, the appeals court said. Here, experts provide the big takeaways from the landmark ruling.
Maurice Blackburn and Phi Finney McDonald have sidestepped a competing class action battle in the high-stakes litigation against Commonwealth Bank of Australia over alleged breaches of money laundering laws, with the firms proposing to jointly lead a consolidated class action against the bank.
Westpac-owned BankSA has admitted that convicted Ponzi schemer Michael Samra withdrew funds at "near excess" of the bank's limits and had insufficient money to honour cheques drawn on his company's bank account.
Commonwealth Bank of Australia chief Matt Comyn has pointed the finger at his predecessor, Ian Narev, for the bank's selling of credit insurance to ineligible customers, claiming the former CEO failed to heed advice and stop selling the products.
Law firm Quinn Emanuel Urquhart & Sullivan has launched a shareholder class action against engineering and infrastructure firm RCR Tomlinson after "catastrophic" losses caused by $57 million in write-downs on two of the company's North Queensland solar farms.
The Full Federal Court has dismissed a challenge to a ruling that chose one of three shareholder class actions to proceed against GetSwift, saying the court had the power to permanently stay competing cases. But an injunction blocking the losing law firms from communicating with clients was going too far, it said.
Pacific National would not misuse its market power after taking control of an important rail terminal in Brisbane because that would be "irrational", the Federal Court heard Monday at the start of a two-week trial in the competition watchdog's case alleging the rail giant colluded with competitor Aurizon to become the dominant operator of key freight corridors.