A Citigroup customer has hit the bank with a lawsuit alleging it gave her conflicted financial advice to invest most of her savings in āriskyā products, despite being an inexperienced investor with limited funds.
Law firms accused of āfishing for a caseā in a consolidated shareholder class action against Treasury Wine Estates have won access to key financial information in reports to the companyās board, with a registrar finding the material was relevant to the case.
Maurice Blackburn and Slater & Gordon are āfishing for a caseā against Treasury Wine Estates, a court has heard during a discovery fight in a consolidated shareholder class action against the Penfolds wine maker.
Five major banks including JPMorgan, Citibank and UBS have denied all wrongdoing in a class action accusing them of entering a cartel agreement to rig foreign exchange rates and argue the claims were brought out of time or are barred by settlements in overseas proceedings.
Two heavyweight plaintiff firms battled it out Friday to run a shareholder class action against Beach Energy, with Shine Lawyers saying it should be rewarded for setting the price of the contingency fees sought in the case and Slater & Gordon arguing it has a better track record in class actions.
Aircraft engineers for Qantas have lost a challenge to a ruling that the airline had no “genuine choice” when it stood them down in March 2020 during the COVID-19 pandemic.
Liquidators for ready-made meals producer Jewel of India have lost their bid to dodge public examination over their alleged poor handling of the businessā sale and failure to investigate potential claims against the Commonwealth Bank.
A judge has denied an āinvasiveā bid to search hospitality giant Merivaleās payroll systems ahead of an upcoming mediation in a $129 million underpayment class action covering 13,500 employees.
A solicitor running two franchisee class actions against 7-Eleven āretaliatedā against a group member who objected to a $98 million settlement and issued a late $6.5 million legal bill to benefit a litigation funder, a court has heard.
A $98 million settlement reached in two franchisee class actions against 7-Eleven is āappropriate” given the likelihood that the convenience store giant would have lost at trial, according to a contradictor who urged the court to reject a $25 million cut sought by the funder that backed the litigation.