Most Recent
ASIC won’t take action against Commonwealth Bank over AUSTRAC matter
Financial Services 2020-08-26 11:55 pm By Cat Fredenburgh

The Australian Securities and Investment Commission will not take action against the Commonwealth Bank of Australia or any of its directors of officers in relation to AUSTRAC proceedings the bank agreed to settle for $700 million in 2018.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Boral faces third shareholder class action over US biz disclosures
Class Actions 2020-08-26 10:41 pm By Christine Caulfield

Construction giant Boral must now contend with three class actions by shareholders alleging it failed to disclose financial problems with its US windows business, but the cases will stay on ice pending a High Court challenge.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

QRx Pharma shareholders to get small slice of $7M class action settlement
Class Actions 2020-08-11 10:18 pm By Cat Fredenburgh

A former QRx Pharma director’s prediction that shareholders would not receive “anything of consequence” from a class action settlement has proven true, with only a small slice of the $7 million settlement expected to go to shareholders.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Insurance policies stalling Quintis class action settlement were ‘cobbled together’, court hears
Insurance 2020-08-11 6:00 pm By Miklos Bolza

Insurance policies that may be worth up to $46 million and have derailed settlement approval in two class actions against sandalwood producer Quintis were “cobbled together” and contained errors and omissions, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

One law firm should run class action against Treasury Wine, court told
Class Actions 2020-08-10 10:47 pm By Alison Eveleigh

Two competing shareholder class actions against global winemaker and distributor Treasury Wine Estates over an earnings downgrade in January this year should be consolidated, and a judge should pick just one law firm to run the case, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

QRxPharma shareholders to learn of class action settlement one year later
Class Actions 2020-08-05 1:56 pm By Miklos Bolza

After “unavoidable delays”, shareholders will soon be notified of a settlement reached one year ago in a class action against QRxPharma, but a company director has warned group members will receive nothing of consequence and the law firm and funder involved in the case would be disappointed by their takeaways.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Lawyers say judge has power to close class action with tweak to group member definition
Class Actions 2020-07-31 10:35 pm By Alison Eveleigh

Lawyers running a class action against recycling company Sims Metal Management say the court has power to approve their bid to amend the group member definition that will effectively close the class, but the judge overseeing the case will appoint a contradictor to represent group members in a hearing over the application.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Law firm to drop class action against Pitcher Partners over Slater and Gordon audits
Class Actions 2020-07-30 2:27 pm By Cat Fredenburgh

The law firm behind a long-running class action against Pitcher Partners over its auditing of Slater and Gordon is seeking court approval to drop the case, leaving the funder that bankrolled the proceeding to defend an application for indemnity costs.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge slashes security request in $46M Quintis insurance dispute
Class Actions 2020-07-13 8:30 pm By Alison Eveleigh

A judge has cut a request a security for costs in half in insurance rectification proceedings stemming from two class against sandalwood producer Quintis, saying the amount proposed by the funders bankrolling the case was “quite generous”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge ‘regrettably’ postpones Boral class action beauty parade in light of High Court challenge
Class Actions 2020-07-10 10:27 pm By Miklos Bolza

A judge has pushed off a heated contest between law firms vying to lead a shareholder class action against construction giant Boral for what could be a year as a landmark High Court challenge plays out.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?