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S&P fights ‘significant’ expansion of class action over CDO ratings
Class Actions 2023-03-01 10:28 pm By Sam Matthews

S&P Global is fighting bids to expand a class action alleging systemic defects in its ratings systems to a new type of complex financial product and to include allegations from a US Department of Justice case in a separate suit by two Cayman Islands-based companies.

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Judge sprays Shine’s ‘left field’ bid to kick rival off Blue Sky, EY class action
Class Actions 2022-12-21 4:24 pm By Sam Matthews

A judge has rejected Shine Lawyers’ second bid to challenge a court order that it join forces with rival Banton Group in an investor class action Blue Sky Alternative Investments and auditor EY, saying the firm’s funder LCM was trying to “take the bat and ball and go home.” Federal Court Justice Michael Lee rejected…

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Class action by NSW local councils against insurer JLT dismissed by court
Insurance 2022-12-19 4:58 pm By Cindy Cameronne

A judge has thrown out a long-running class action on behalf of 20 local councils in NSW alleging insurer JLT Risk Solutions charged them hundreds of millions of dollars in excessive premiums over nine years.

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A2 Milk class action can pursue NZ claims
Class Actions 2022-12-01 10:28 pm By Christine Caulfield

A shareholder class action against a2 Milk has won its bid to include claims under New Zealand law over the dairy company’s disclosures to the New Zealand stock exchange.

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High Court dashes Kupang Resources’ bid to see ex-director’s tax docs
Tax 2022-10-13 3:37 pm By Christine Caulfield

Mineral exploration company Kupang Resources has lost its battle for access to documents produced to the ATO by a former director accused of embezzling millions of dollars.

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ClubsNSW can’t hide contempt of court case against YouTube’s Jordan Shanks
Employment 2022-09-08 5:03 pm By Sam Matthews

ClubsNSW has lost a bid to keep its contempt of court case against whistleblower Troy Stolz and YouTuber Jordan Shanks secret, with a judge finding “the interests of open justice are paramount”.

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Judge doubts class action’s Kiwi damages claim against a2 Milk
Class Actions 2022-08-24 11:31 pm By Sam Matthews

A consolidated class action’s bid to include claims concerning dairy company a2 Milk’s disclosures to the New Zealand stock exchange is in doubt, despite broad agreement between the parties that the claims can be pursued in Victoria.

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Kupang Resources takes battle for director’s tax docs to High Court
Energy & Natural Resources 2022-07-22 2:26 pm By Christine Caulfield

Mining company Kupang Resources has asked the High Court to weigh in on its bid for tax office documents as it litigates to recoup millions of dollars allegedly embezzled by the company’s former shadow director.

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Judge signs off on consolidation in a2 Milk class actions
Class Actions 2022-06-16 11:34 pm By Cat Fredenburgh

A judge has allowed two law firms to jointly run a consolidated shareholder class action against dairy company a2 Milk, saying the arrangement was in the interests of group members and was “not novel”.

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a2 Milk class action consolidation to see one silk go
Class Actions 2022-06-02 7:12 pm By Sam Matthews

Two law firms are set to work “hand in glove” in their proposed consolidated shareholder class actions against a2 Milk, with one senior barrister to be dropped as part of the “rationalisation” of the combined team.

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