Most Recent
Charges dropped in landmark criminal cartel case over $2.5B ANZ share placement
Competition & Consumer Protection 2022-02-11 11:03 am By Cat Fredenburgh

In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Fees for no service class action must clarify ‘serious allegations’ against AMP
Class Actions 2021-11-02 4:27 pm By Cindy Cameronne

A judge has ordered a class action against AMP to provide more detail in its case accusing the financial services firm of failing to disclose information to shareholders about allegedly misleading ASIC and charging clients fees for no service.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Colonial must give class action info on financial position after ‘unsatisfactory’ liability transfer
Financial Services 2021-10-05 2:11 pm By Cindy Cameronne

A judge has told a Colonial First State Investments unit to provide information about its financial position to the lead applicant in a class action and criticised the company for failing to disclose that it had transferred its liabilities after the class action was launched.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Insurer JLT resists bid to expand class action on eve of trial
Insurance 2021-09-16 9:14 pm By Miklos Bolza

Insurance broker JLT Risk Solutions has opposed an application by a group of NSW councils to add misleading and deceptive conduct allegations to a long-running class action, claiming the changes would force the vacation of a five-week trial due to start in October.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Car makers to pay $52M to settle Takata airbags class actions
Class Actions 2021-09-15 3:36 pm By Cat Fredenburgh

Six of the world’s largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

VW class action applicant slugged with indemnity costs
Class Actions 2021-09-08 2:14 pm By Miklos Bolza

The lead applicant in a class action against Volkswagen over defective Takata airbags has been hit with indemnity costs for his failed case after a NSW Supreme Court judge found that deficiencies in aspects of the case were “manifestly clear”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ACCC must pay costs of NSW as ‘necessary and proper party’ in ports case
Competition & Consumer Protection 2021-09-02 3:03 pm By Miklos Bolza

A judge has ordered the ACCC to pay the State of NSW’s costs in its failed proceeding against NSW Ports, finding that even though the consumer watchdog did not initially sue the state government that it was a “necessary and proper” party to the case.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Takata airbags class action appeals court loss to Volkswagen
Class Actions 2021-08-31 3:50 pm By Miklos Bolza

The applicant in a class action against Volkswagen over defective Takata airbags has appealed a ruling dismissing the case for failing to establish any loss or damage.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge wants to hear AUSTRAC class actions against CBA before he retires, literally
Class Actions 2021-08-06 11:17 pm By Cindy Cameronne

The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by a certain date if they can’t agree to “sensible” time limits to ready the case for hearing, noting he would reach retirement age in 2024.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Settlement reached in Takata airbags class actions
Class Actions 2021-07-13 11:55 pm By Cat Fredenburgh

Six of the world’s largest car makers have agreed to settle class actions accusing them of selling cars with deadly Takata airbags.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?