A judge has signed off on the discontinuance of two class actions against Canberra property developers for allegedly misleading investors about GST on their apartments, after the High Court declined to review a ruling that made the cases “uneconomic” for the funder to pursue.
Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleadingĀ shareholders about it Remestemcel-L treatment for COVID-19 complications.
Group members in a class action by Papua New Guinea workers against labour hire firm CoreStaff would get less than half of a $6.4 million settlement if the funder that backed the case seeks a common funder order for a 35 per cent commission.
The applicant in a class action against Fairview Architectural over allegedly combustible cladding is add insurer Vero Insurance as a respondent, after revealing the cladding manufacturer may have $190 million in insurance to cover the class action’s claims.
A class action against Irish insurer Zurich Insurance Plc by unit owners of the defective New Zealand-based Victopia Apartments can proceed in Australia after the NSW Supreme Court ruled the case could not be filed elsewhere.
The federal government is facing a class action over alleged biosecurity breaches that led to the 2016 outbreak of white spot disease in South-East Queensland, which decimated the regionās commercial prawn industry.
Several labour hire firms and the Morrison government are facing a potential class action for allegedly forcing South Pacific Islanders to work on Australian farms for low wages and in poor conditions.
Investors in collapsed stockbroker Halifax Investment Services have failed to overturn decisions in Australia and New Zealand relating to the date of realisation of their investments which have decreased the amount they can recover in the company’s liquidation.
Approximately 1,000 investors of collapsed stockbroker Halifax Investment Services have challenged a court decision concerning the date of the realisation of their investments which decreased the amounts they could recoup from the company’s liquidation.
Reforms by the Morrison government passed earlier this month weakening continuous disclosure obligations will spur corporate defendants to engage in “expensive interlocutory warfare” to shut down class actions right off the bat, and plaintiffs lawyers are waiting to see how the courts interpret the new laws to determine these early strike-out fights.