Class Actions
Cochlear knew of sales risks months before downgrade: class action
A shareholder class action alleges Cochlear knew months before announcing a profit downgrade that weakening US demand, financial pressures on hospitals and problems with its new Nexa implant made its FY26 earnings guidance unreliable.
AUSTRAC
Entain judge says expert reports to blame for soaring trial costs
A judge has raised concerns that lengthy expert reports filed by AUSTRAC and Entain in the regulator’s AML/CTF case have strayed into expressing “positively unhelpful” opinions.
Financial Services
Macquarie class action dropped over $321M Shield investment
A judge has approved the discontinuance of one of two class actions on behalf of members of Macquarie Bank's superannuation plan who sunk $321 million in retirement savings into the failed Shield investment fund.
Employment
Appeals likely in drawn-out Coles, Woolworths overtime cases
Supermarket giants Coles and Woolworths, which are facing hundreds of millions of dollars in wage remediation costs after a landmark ruling, are likely to appeal once declarations are made in four drawn-out court cases.
Competition & Consumer Protection
eHarmony flags appeal in ACCC case over ‘subscription trap’
eHarmony has won a fight for declarations to be made following a judge’s finding that it misled customers about automatic subscription renewals, opening the door for the dating site to bring a foreshadowed appeal.
Corporate
Blue Flag founders take Optimus to court over share exit
The founders of automotive data company Blue Flag have sued majority owner Optimus Group, claiming it improperly sent default notices to divert a share exit process.
Professional Negligence
Judge won’t transfer $1.3M negligence claim against Madison Marcus
A NSW Supreme Court judge has refused to transfer a professional negligence case against a law firm from the District Court, despite the alleged damages surpassing the local court's jurisdiction.
Business of Law
Sydney litigation partner joins Ashurst Perkins Coie board
Sydney litigation partner Nicholas Mavrakis has been appointed to the Ashurst Perkins Coie board, just months after the firm finalised its merger with US firm Perkins Coie.
Business of Law
Wotton Kearney lures insurance duo from Hunt & Hunt
Wotton Kearney has picked up two seasoned personal injury experts from Hunt & Hunt, beefing up its Victorian insurance practice.
Securities
Class action firms circle Cochlear over $4B market cap dive
Hearing implant giant Cochlear faces a second shareholder class action following two forecast downgrades that wiped billions of dollars from the company's market value.
