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A shareholder class action alleges Cochlear knew months before announcing a profit downgrade that weakening US demand, financial pressures on hospitals and problems with its new Nexa implant made its FY26 earnings guidance unreliable.
Hearing implant manufacturer Cochlear has been hit with a shareholder class action alleging its FY26 profit forecast failed to disclose challenges in its business.
ANZ's New Zealand unit says it may be on the hook for $102.5 million (NZ$125 million) after losing a class action alleging it failed to repay fees and interest wrongly charged to customers who took out home or personal loans.
Lawyers running a class action against Qantas over flight cancellations during COVID-19 will take home $15 million from a $105 million settlement, while the funder is set to receive another $25 million, a court has heard.
The firm behind a class action over remote housing in the Northern Territory has appealed a decision rejecting its bid to undo orders on the scope of the initial trial, after the judge disregarded submissions by a class action solicitor that "affronted" her.
A judge has recused himself from hearing a class action against Fletcher Building, and has imposed a ban on presiding over any cases involving Maurice Blackburn for a period of time.
A shareholder class action has slammed as "nonsensical" Fletcher Building’s claim that a judge’s public comments in his previous role at Maurice Blackburn created an appearance of bias against corporate defendants.
A judge should be disqualified from hearing a class action against Fletcher Building because of his previous association with the funder, as well as public remarks he made as a plaintiffs' solicitor, a court has heard.
A New Zealand appeals court has ruled that common fund orders can be made in class actions, even at the early stages, departing from the High Court of Australia in finding the commercial viability of a proceeding enhances access to justice.
The New South Wales government has been hit with a class action alleging it discriminated against Indigenous communities on the south coast by prosecuting them for engaging in cultural fishing practices.