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Fletcher Building says some NZ claims barred from shareholder class action
Securities 2024-01-09 10:15 pm By Cindy Cameronne

New Zealand construction giant Fletcher Building has hit back at a shareholder class action over allegedly misleading forecasts for the 2017 financial year, saying some of the claims under New Zealand law were brought out of time.

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Top 10 class action settlements of 2023
Top 10 Class Action Settlements 2024-01-05 4:07 pm By Cat Fredenburgh

Companies and government entities paid out less to settle class actions in 2023 than in the previous two years, with no mega settlements hitting their pocketbooks.

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$26M settlement approved in class action over Dreamworld tragedy
Class Actions 2023-11-30 10:16 pm By Cat Fredenburgh

A judge has signed off on a $26 million settlement in a shareholder class action against Ardent Leisure over the 2016 Dreamworld tragedy, including $7.8 million for the funder that backed the case and $5 million in legal costs.

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Solicitors’ CFO question in Blue Sky class action sent to Full Court
Class Actions 2023-11-29 11:38 pm By Christine Caulfield

Weeks after giving the thumbs up to common fund orders at settlement, the Full Federal Court has been asked to decide whether judges have power to order payment of a commission to class action solicitors — not just funders.

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Optus appeals decision exposing Deloitte report to class action glare
Class Actions 2023-11-27 10:12 am By Christine Caulfield

Optus has lodged an appeal of a judgment that found the teleco could not claim legal professional privilege to shield from a class action a report by consulting giant Deloitte into last year’s major data breach.

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‘Very disappointing’: Judge bemoans delays in QSuper class action
Class Actions 2023-11-21 1:50 pm By Cindy Cameronne

A judge has reluctantly granted extensions in a class action over QSuper’s alleged failure to notify members of changes to its premiums, saying the delay in the two-year old case was “very disappointing”.

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Law firm replaced in Hyundai, Kia class actions after merger ‘falls apart’
Class Actions 2023-11-20 4:53 pm By Cindy Cameronne

A law firm that brought class actions against Hyundai and Kia over alleged faulty anti-lock braking systems has been replaced ahead of a contest against Maurice Blackburn to run the cases. 

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Optus may appeal judgment on Deloitte data breach report
Class Actions 2023-11-17 4:06 pm By Cat Fredenburgh

Optus is considering an appeal of a judgment allowing a class action to access a report from Deloitte into last year’s major data breach, saying its release could raise national security concerns.

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‘You’ve got to learn to take yes for an answer’: Judge not inclined to seek Full Court’s view on solicitors CFO
Class Actions 2023-11-15 11:20 pm By Cat Fredenburgh

The judge overseeing a class action against collapsed investment manager Blue Sky has said he would not be inclined to seek clarity from the Full Court on whether the court has the power to make a solicitors common fund order unless one of the defendants raised a challenge.

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Optus still free to seek confidentiality over parts of Deloitte report in class action, court says
Privacy & Cybersecurity 2023-11-14 1:24 pm By Christine Caulfield

A judge overseeing a class action against Optus has said there is scope for the teleco to seek redactions of portions of a Deloitte report, which he ruled last Friday failed the test for protection under legal professional privilege.

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