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Judge OKs cutting edge argument in $900M class action against CBA
Financial Services 2024-11-28 4:52 pm By Cindy Cameronne

A judge has allowed a class action against CBA and its former wealth management arm Colonial First State to add claims based on a novel theory of corporate responsibility that has implications for companies’ use of AI.

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Bayer launches High Court appeal to revive Xarelto patents
High Court 2024-11-28 5:09 pm By Cindy Cameronne

Bayer has filed a High Court challenge to a decision that invalidated its patents for blockbuster blood thinner Xarelto, saying it would adversely affect drug research and development.

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Keybridge shareholder can sue over $4.75M advance for Lake Como property
Securities 2024-11-27 11:00 pm By Cindy Cameronne

A judge has rejected a shareholder’s bid to wind up investment firm Keybridge Capital, but allowed it to bring a derivative suit  over a $4.75 million advance used for a director to purchase a Lake Como property.

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Real estate ‘mogul’ Sasha Hopkins slapped with $1.25M fine
Real Estate 2024-11-27 3:35 pm By Cindy Cameronne

A judge has ordered self-styled real estate mogul Sasha Hopkins to pay a $1.25 million penalty for luring investors to put their life savings into risky property developments. 

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High Court cases could push Blue Sky class action trial to 2026
Class Actions 2024-11-26 11:46 pm By Cindy Cameronne

Two High Court cases weighing key issues for class action practitioners will likely push the trial in a shareholder proceeding against the collapsed Blue Sky Alternative Investments and auditor EY to early 2026. 

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Class action against KPMG, Phoslock shouldn’t wait for rival case, court told
Class Actions 2024-11-25 4:23 pm By Cindy Cameronne

A class action against water treatment company Phoslock and auditor KPMG should not be held up until a shareholder that’s stuck in preliminary discovery proceedings files a competing case, a court has heard.

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Pacific Werribee centre owners get preliminary trial in $200M defects spat
Construction 2024-11-25 4:32 pm By Cindy Cameronne

The co-owners of Pacific Werribee shopping centre in Victoria have won their bid for a preliminary trial in a suit against Probuild Constructions and several engineering companies over $200 million in alleged structural defects.

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Group members get nothing in RoundUp class action settlement
Product Liability 2024-11-22 11:14 pm By Cindy Cameronne

A judge has approved a settlement in a class action against Monsanto under which group members will get nothing, after he rejected claims that the company’s Roundup weed killer is carcinogenic.

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Union boss says she faces charges over alleged $2.7M scheme, wants FWC case stayed
Public Corruption 2024-11-22 4:17 pm By Cindy Cameronne

Health Workers Union secretary Diana Asmar wants to halt a case by the Fair Work Commission over an alleged $2.7 million false invoicing scheme, saying criminal proceedings were “on the cards”.

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‘Our integrations are on track’: Class action flags WiseTech response to short seller report
Class Actions 2024-11-21 11:17 pm By Cindy Cameronne

A shareholder class action against WiseTech has cited the logistics company’s response to a short seller’s report as proof of its failure to disclose the true performance of businesses purchased during an acquisitions streak. 

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