Shine Lawyers has acquired boutique class action firm ACA lawyers, a deal that will create the second largest class action firm in Australia by caseload and position the firm to take advantage of an expected increase in shareholder class action work.
Macmahon Holdings has agreed to pay $6.7 million to settle a shareholder class action alleging the mining company failed to provide adequate disclosures about the impact delays on a project for Rio Tinto in the Pilbara would have on its profitability.
A settlement offer promising swift payment that was sent to class members in a lawsuit against Powercor Australia over the 2018 St Patrick’s Day bushfires in Victoria was misleading, a judge has found.
The Australian Maritime Safety Authority has convinced a Federal Court judge that 90 tonnes of oil spilled near the Great Barrier Reef in 2015 came from a vessel operated by international shipping company Globex.
The ACCC has opened an inquiry into the inordinately high exchange fees consumers face when sending money outside Australia.
Take-Two interactive has won an injunction blocking a Grand Theft Auto gamer from distributing software that allows users to access restricted features of the popular game, a month after reaching a settlement with a gamer in a separate copyright case.
Investment manager Blue Sky, which is currently facing three shareholder class action investigations, has admitted to incorrectly charging $4.1 million in fees to certain funds over a ten-year period.
Telstra customers that were billed for mobile phone apps they unwittingly bought have been refunded $9.3 million, several months after the company was hit with a $10 million penalty for the misleading conduct.
Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.
The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.