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Santos’ net zero plan ā€˜little more than speculationā€™, trial court told
Trials 2024-10-28 11:50 pm By Cindy Cameronne

Santosā€™ plan to reach net zero greenhouse gas emissions by 2040 was ā€œlittle more than a series of speculationsā€, a shareholder group has said on the first day of trial in a landmark greenwashing case.

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S&P entitled to Rolls-Royce defence in CDO class action: court
Financial Services 2024-10-28 11:26 pm By Cat Fredenburgh

S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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S&P class action judge to hear fight over evidence of fraud
Class Actions 2024-09-30 11:30 pm By Andy Sidler

A class action over S&Pā€™s rosy ratings on risky financial products faces a preliminary fight over the relevance of expert evidence that seeks to prove fraud on the part of the ratings agency.

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‘Horse has bolted’: Judge declasses COVID-19 insurance class actions
Insurance 2024-09-23 11:14 pm By Cindy Cameronne

Four proceedings over COVID-19 business interruption losses will be stripped of class action status, with a judge saying most of the common issues were already determined in test cases.

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Appeal bid in crypto class action against Google, Meta falls flat
Cryptocurrency 2024-09-19 11:11 pm By Andy Sidler

A court has refused leave to appeal a permanent stay of a class action run, funded and led by lawyer Andrew Hamilton against Google and Meta that challenged their crypto ad bans.

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3A Compositesā€™ cladding comparable to petrol, class action trial told
Trials 2024-08-26 11:36 pm By Cindy Cameronne

A class action trial has heard that allegedly flammable Alucobond panels provided by 3A Composites and supplier Halifax Vogel are comparable to petrol and could present an ā€œinsurmountable challengeā€ to containing a fire.

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3A cladding class action wins spat over issues to be canvassed at two-month trial
Competition & Consumer Protection 2024-07-19 11:46 pm By Cindy Cameronne

Building materials manufacturer 3A Composites has lost a challenge to questions for a judge at an initial trial of a class action over combustible cladding, with a judge finding the issue of whether the company’s Alucobond panels were of acceptable quality was common to all group members.Ā 

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COVID-19 business interruption class actions ā€˜manufacturing a controversyā€™, says insurer
Class Actions 2024-07-12 11:04 pm By Cindy Cameronne

Four insurers have argued that class actions over alleged business interruption losses during the height of the COVID-19 pandemic should be de-classed, with one insurer saying group members cannot ā€œgo behindā€ a Full Court decision denying coverage for certain policyholders.

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EnergyAustralia to amend defence as date set for greenwashing trial over carbon neutral claims
Energy & Natural Resources 2024-06-19 2:24 pm By Christine Caulfield

Trial has been set for next May in a case by AustralianĀ parents that accuses EnergyAustralia of engaging in misleading conduct in promoting a “carbon neutral” program, a case that puts carbon offset credits under scrutiny.

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ASIC says judge erred in assessing Gilbert + Tobin’s advice to crypto provider
Cryptocurrency 2024-06-18 3:36 pm By Sam Matthews

ASIC has wasted no time in appealing a judgeā€™s decision to excuse cryptocurrency product provider Block Earner from paying a civil penalty on the basis that it took advice from a leading law firm that was not seen by the court.Ā 

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