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MLC Super class action settles for $64.25M
Financial Services 2024-12-06 12:54 pm By Cindy Cameronne

A class action on behalf of 330,000 super members has settled against the trustees of the MLC Super fund, just days after another superannuation class action flopped.

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In class action defence, Toyota says ‘defeat device’ used to protect engines
Competition & Consumer Protection 2024-12-03 11:47 pm By Andy Sidler

Toyota has denied a class actionā€™s claims that devices installed in its vehicles were intended to cheat emissions tests, maintaining that they were designed to protect engines from damage.

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Class action dropped against Westpac unit, applicant to get $1.5M costs
Class Actions 2024-11-20 2:50 pm By Cindy Cameronne

A judge has approved the discontinuance of a class action against a Westpac subsidiary after the funder bowed out.Ā 

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Velocity Rewards joined to Virgin class action despite ā€˜barely arguableā€™ claim
Class Actions 2024-11-11 4:43 pm By Cindy Cameronne

A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are ā€œbarely arguableā€.Ā 

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BHP says shareholders canā€™t expand class action because of ā€˜drafting errorā€™
Class Actions 2024-11-08 11:12 pm By Cindy Cameronne

BHP has told an appeals court a shareholder class action should not be allowed to expand the group definition to correct an alleged drafting error.

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Virgin bondholders want to join Velocity Rewards to class action
Class Actions 2024-11-01 11:02 pm By Cindy Cameronne

A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virginā€™s balance sheet.

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BHP class action gets 3 extra weeks for high-stakes trial
Class Actions 2024-10-30 11:03 pm By Sam Matthews

A shareholder class action against BHP over the 2015 Fundao dam collapse in Brazil has won a bid to add an extra three weeks to a six-week hearing to account for any evidentiary surprises.

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Discovery led to funder dropping class action against Westpac unit
Financial Services 2024-10-25 3:19 pm By Sam Matthews

A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.

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Funder’s payout in AMP class action should be shaved by $2.6M, court told
Class Actions 2024-08-29 11:31 pm By Sam Matthews

A contradictor appointed to represent group members’ interests in relation to a $100 million settlement in a class action against AMP wants to shave $2.6 million off the funderā€™s cut, telling the court that deductions for ATE insurance and administrative fees should not be approved.

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IAG’s risk assessment of COVID claims under microscope in shareholder class action
Class Actions 2024-08-27 11:39 pm By Andy Sidler

A judge has granted broad discovery to a shareholder class action against IAG over COVID-related disclosures, saying the documents sought were relevant to determining the likelihood the insurer knew of the risk that it would have to pay out business interruption claims covered by polices that referenced defunct legislation.

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