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In latest class action loss, Bayer defeats case over Essure device
Class Actions 2024-12-10 2:00 pm By Sam Matthews

Medical device maker Bayer has successfully defended a class action over its Essure contraceptive, with a judge finding the evidence fell short of proving the device caused chronic inflammation.

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Couple wins suit over ‘misleading’ $9.6M South Yarra apartment sale
Real Estate 2024-10-23 11:25 pm By Sam Matthews

A Melbourne couple has won their case over a “deliberately misleading” rendering of a $9.6 million South Yarra apartment.

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In boon for class action, judge finds Noumi’s shares traded at inflated price
Securities 2024-08-05 10:08 pm By Cat Fredenburgh

A judge has signed off on an agreed-to $5 million penalty against Noumi in ASIC proceedings for violating its continuous disclosure obligations and found the food company’s non-disclosures caused it shares to trade at an inflated price.

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Class action against Noumi lays claim to $5M penalty in ASIC case
Securities 2024-07-18 2:04 pm By Sam Matthews

Noumi has agreed to pay a $5 million penalty for violating its continuous disclosure obligations in a case brought by the corporate regulator, but the applicant in a shareholder class action against the food company says the sum should be reserved to compensate group members. 

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‘So what?’ Judge says rate-rigging class action can’t impose views on registration
Class Actions 2024-02-27 9:58 pm By Cat Fredenburgh

A judge has ordered soft class closure ahead of mediation in a class action against five major banks over alleged foreign exchange rate-rigging, saying the applicant’s subjective view on what will assist mediation should not be imposed on the banks.

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‘Don’t you want to know who you’re acting for?’: Judge probes applicant in rate-rigging class action
Class Actions 2024-02-26 4:33 pm By Sam Matthews

A judge has questioned the applicant’s opposition to soft class closure in a class action accusing five major banks of rate-rigging, a measure the banks say could save “tens of millions” in legal expenses. 

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Citibank wants class closure before evidence in rate-rigging case
Competition & Consumer Protection 2023-10-23 11:43 pm By Cindy Cameronne

Citibank has argued group members should be asked to sign on to a class action accusing five major banks of entering a cartel agreement to rig foreign exchange rates before evidence is filed in the case, saying it was impossible to know how much the claims were worth. 

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CBA to backpay staff $3M to settle rest break lawsuit
Financial Services 2023-08-23 10:01 pm By Cat Fredenburgh

The Commonwealth Bank of Australia has agreed to backpay thousands of branch staff $3 million to settle a lawsuit alleging it failed to provide employees with paid rest breaks for at least six years.

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Court approves ‘lower end’ settlement in public housing class action
Class Actions 2023-08-17 9:36 pm By Sam Matthews

A judge has approved a $5 million settlement in a false imprisonment class action against the state of Victoria on behalf of residents of nine public housing towers over COVID-19 lockdowns, despite noting it “falls towards the lower end of the spectrum”.

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Public housing residents to get $5M in COVID-19 lockdown class action settlement
Class Actions 2023-05-09 11:00 pm By Cat Fredenburgh

The state of Victoria has agreed to pay $5 million to settle a class action over a public housing lockdown during Melbourne’s second COVID-19 wave in July 2020.

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