Online trading company CMC Markets has succeeded in accessing advice given to class action members who are seeking to recover 10 yearsâ worth of âsignificantâ losses incurred while trading risky financial products on its mobile and web-based platforms.
Real estate investment trust NorthWest can amend its pleadings in a lawsuit alleging one of the countryâs largest unlisted healthcare property funds conspired to prevent it from acquiring a controlling stake, but has come up short in its bid to add to its claims against property giant Dexus.
A sacked Greenwoods & Herbert Smith Freehills partner seeking $13 million in compensation from his former firm and Lendlease has been criticised for claiming that whistleblower protections introduced in 2019 âwouldnât make senseâ if they did not apply retroactively.
A contradictor in two pelvic mesh class actions against Johnson & Johnson and unit Ethicon has told the court of the âextraordinary amount of group member unhappinessâ following approval of a $300 million settlement â the largest in the history of Australian product liability group proceedings.
A judge has ordered two AMP units to pay a total of $24 million after finding the wealth manager acted unconscionably in charging insurance premiums and advice fees to deceased customers.
An appeals court has shot down funder Augusta’s challenge to a decision that cut its commission in the Opal Tower class action, putting funders on notice that they will have to marshal compelling evidence to win approval for their returns from an increasingly watchful court.
Google has denied class action that it distorted competition in the app marketplace and left consumers paying higher prices, pointing out in its defence there are alternative app stores on its Android platform.
US singer Katy Perry and an Australian fashion designer are at loggerheads over court orders to be made following a judge’s finding the pop star was liable for trade mark infringement, with concerns raised that Perry’s ‘Teenage Dream’ shorts could “fall between the cracks”.Â
Apple has denied it engaged in anti-competitive conduct in operating its App Store in a class action brought over allegedly inflated commissions on certain apps and in-app purchases.
A shareholder class action against software company Nuix will go ahead as planned, after a stay application threatened to put the proceeding on ice pending the outcome of a separate case brought by ASIC.