Shareholders of New Zealand construction giant Fletcher Building have told a court that late claims in their class action over alleged misleading 2017 profit forecasts are not time barred because knowledge of the allegations was not discoverable before the case was filed.
It’s a case of déjà vu in a class action against engineering services company Worley, with shareholders heading back to the appeals court after losing a second trial in their drawn out fight over disclosure breaches.
A judge has approved a $4.5 million settlement in a class action over a fire allegedly ignited by welding work in rural NSW, despite a handful of objections from group members.
The New South Wales government wants to strike out class action claims that police conducted illegal strip searches at music festivals in the state ‘as a matter of routine’ and that it should face exemplary damages.
New Zealand construction giant Fletcher Building has hit back at a shareholder class action over allegedly misleading forecasts for the 2017 financial year, saying some of the claims under New Zealand law were brought out of time.
Companies and government entities paid out less to settle class actions in 2023 than in the previous two years, with no mega settlements hitting their pocketbooks.
Worley contravened the Corporations Act a decade ago when it failed to correct 2014 earnings guidance for several months, but shareholders in a long-running class action against the engineering services company have failed to prove the breach caused any loss, a judge has found.
A judge has found that a lawsuit against the state of NSW over hundreds of allegedly illegal strip searches conducted by NSW police at music festivals over a six-year period should move forward as a class action.
The litigation funder that backed a class action brought on behalf of Indigenous workers seeking to recover unpaid wages wants a 20 per cent commission from the settlement. But it faces pushback from the government of Western Australia, which has agreed to pay group members up to $165 million.
The government of Western Australia has agreed to pay up to $180.4 million to settle a class action on behalf of First Nations workers who were paid little or nothing over a 36-year period.