The law firm running a cartel class action alleging manipulation of foreign exchange rates by five global investment banks is teaming up with the same lead applicant that represented group members in the price-fixing case against major international airlines.
Law firm Quinn Emanuel Urquhart & Sullivan has followed through on its threat to appeal a high stakes ruling that shut down its shareholder class action against AMP, along with two competing cases, after a two-day beauty parade that saw rival firm Maurice Blackburn take the prize.
A judge has partly sided with a former Mills Oakley client in his challenge to a costs ruling in a saga over $25,000 in unpaid fees, saying the law firm’s arrangement with a debt management company that kept the client in the dark about the consequences of default was “regrettable”.
ANZ Bank will not pay a cent to franchisees in its settlement of two class actions that allege the bank breached its responsible lending obligations and engaged in unconscionable conduct by giving loans to purchasers of 7-Eleven franchises.
Retail Food Group is the target of a possible class action by franchisees in the wake of a parliamentary report that called on three government agencies to probe the franchise giant and its top executives for potential insider trading, tax evasion and other unlawful conduct.
While no means a flood, the class actions filed in response to the shocking evidence of misbehaviour at last year’s banking royal commission have been steadily flowing and show no signs of drying up. Here, we give you the round-up of cases launched so far, the latest developments in each, and what’s coming down the pipeline.
The Fair Work Commission has dismissed an appeal by Ryan Wilks challenging a finding that the electrical and engineering company unfairly sacked an employee for getting drunk at a work function hosted by the Sydney Opera House, a major client.
A judge has granted a bid by the applicant in a class action against National Australia Bank over the sale of allegedly worthless credit card insurance to include customers who took out personal loan insurance, in a ruling that could significantly expand the case.
An attempt by applicants in two franchisee class actions against 7-Eleven to limit communications between the convenience store giant and group members ahead of a hearing to approve a confidential settlement with ANZ, the bank that loaned money to the franchisees, unfairly delays approval of the settlement until next year, a court has heard.
More than 55 percent of the 154 settlements reached in federal class actions in Australia are lacking critical information about the deal, and the extensive use by judges of confidentiality orders is partly to blame, according to a new paper by a leading class action expert.