Murray Goulburn has told a judge it may seek to cap costs in two shareholder class actions that centre on a 2016 profit forecast revision, taking a page from the playbook of baby food maker Bellamy’s.
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.
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.
A judge has found an Aboriginal art and souvenir supplier misled consumers by creating the false impression its products were made in Australia by Indigenous people, when they were actually made in Indonesia, the consumer watchdog said Wednesday.
A proposal by the Australian Law Reform Commission that all federal class actions be initiated as open cases may be difficult, if not impossible, to achieve, says a new report by the country’s leading class action expert.
Swedish air conditioner supplier Dometic has lost is case alleging patent infringement claims against Australian rivals Houghton Leisure and Finch Australia over the popular Belaire 3200 AC used in caravans and other recreational vehicles.
Public hospital operators in NSW have been hit with a class action over a practice of forcing non-resident patients ineligible for Medicare cards to find Australian citizens to be guarantors before they are treated.
Liquidators for the collapsed Hastie Group will pursue test cases against two construction companies in their legal fight against more than two dozen major builders over tens of millions of dollars in unpaid bills, but an application is looming to halt the proceedings pending the outcome of a High Court challenge.
Class action funding arrangements that siphon off large percentages for commissions and legal fees are “unsustainable”, Federal Court Justice Michael Lee said Monday.
The managing director of litigation funder Vannin Capital lost a battle to dismiss a cross claim brought against him by rival LCM in a case alleging LCM has misapplied funds in its trust.