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CBA class actions win halt to costs battle pending appeal
Appeals 2024-09-23 2:45 pm By Cindy Cameronne

Applicants in two dismissed class actions against the Commonwealth Bank have secured an order staying an assessment of costs in the failed cases until the outcome of an appeal.

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Failed CBA class actions want to stay fight over costs
Class Actions 2024-09-19 3:26 pm By Cindy Cameronne

Two failed shareholder class actions against the Commonwealth Bank of Australia want to delay paying the bank’s costs until after their 62-ground appeal is heard.

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Superannuation class action against Westpac unit to be discontinued
Class Actions 2024-09-06 12:44 pm By Sam Matthews

A class action targeting Westpac subsidiary BT Funds Management and Tal Life Insurance is set to be discontinued less than a year after it was filed.

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Claims in $40M class action against Whitehaven Coal ‘fanciful’, court told
Class Actions 2024-09-04 11:44 pm By Cindy Cameronne

Whitehaven Coal has struck back at a class action led by the father of famed mining investor Nathan Tinkler, calling the claims that it failed to fulfil an implied term of a $150 million share subscription from 2012 “fanciful”.

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CBA shareholders appeal trial loss in money laundering class actions
Class Actions 2024-06-25 11:16 pm By Cat Fredenburgh

Shareholders of Commonwealth Bank have lodged expected appeals challenging a decision tossing their class actions over alleged lax money laundering compliance, giving the Full Federal Court a chance to clarify when companies must disclose regulatory investigations.

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Jaguar class action judge did not ‘become a witness’ in siding with G+T, says Full Court
Class Actions 2024-05-27 11:52 pm By Cindy Cameronne

While it was unfair for a judge to pick Gilbert + Tobin to run a class action against Jaguar Land Rover on the condition that it lower its funding rate, the judge was entitled to consider the law firm’s experience in a similar case against Toyota, an appeals court has said in its reasons. 

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Decision awarding Jaguar class action to Gilbert + Tobin shot down on appeal
Appeals 2024-05-17 11:09 pm By Cindy Cameronne

A decision awarding carriage to Gilbert + Tobin in a class action against Jaguar Land Rover on the condition that it lower its funding rate lacked procedural fairness, the Full Court has found, prompting the firm to team up with its competitor to run the case. 

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CBA didn’t have to alert investors to ‘toings and froings’ of AUSTRAC probe, judge says
Class Actions 2024-05-15 11:18 pm By Cindy Cameronne

A judge that tossed two shareholder class actions against the Commonwealth Bank of Australia has found the bank did not have to alert investors to the possibility of AUSTRAC proceedings, saying investors did not expect to be apprised of the “toings and froings” of regulatory investigations.

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CBA defeats shareholder class actions over money laundering disclosures
Class Actions 2024-05-10 12:20 pm By Cat Fredenburgh

Two class actions have failed to convince a judge that the Commonwealth Bank of Australia’s money laundering compliance failure which led to a $700 million penalty was “law breaking on a grand scale” that should have been disclosed to the market, the latest shareholder case to flop after being taken to trial.

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‘Embarrassing in the true sense’: Westpac class action faces strike-out bids
Class Actions 2024-03-25 3:12 pm By Sam Matthews

Westpac subsidiary BT Funds Management and Tal Life Insurance have foreshadowed applications to strike out the pleadings of a class action alleging superannuation customers were overcharged for insurance coverage. 

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