Industries

Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions' bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.

Orthopaedic surgeon Dr Munjed Al Muderis has appealed his loss in a defamation case against Fairfax and its owner Nine, after a judge found media reports of unethical and profit-driven promotion of an experimental procedure were substantially true.

The corporate cop has cancelled the financial services licence of MWL Financial and banned its director for 10 years for allegedly directing more than 750 clients to invest a combined $155 million into Keystone's failed Shield Master Fund.

A judge has signed off on Westpac's $130 million settlement in a class action over flexible commissions paid to car dealers, bringing to an end three cases brought by Maurice Blackburn against lenders.

Insurance giant Suncorp faces a class action investigation on behalf of millions of home and car insurance customers who were allegedly misled about their premiums and charged a so-called loyalty tax.

Builder Q Group has defeated an application to enjoin it from instructing a law firm which allegedly failed to make a claim on time, with a judge finding a lawyer’s alleged omission did not mean he had a “personal interest” in the outcome of the case.

A judge has hit Dyldam Developments' former boss Sam Fayad and his two sons with costs after ordering them to pay $50 million in a case by the liquidator of a special purpose vehicle, but awarded costs to payment intermediaries for the liquidator's "manifestly weak" case against them. 

Transport for NSW has accused a former contractor of multiplying claims for delayed or disrupted work days by six or seven times in a $63 million dispute.

A Queensland property owner whose Morton Bay land was slated to be acquired by the council can recover more than just legal costs under the state's land acquisiton law, an appeals court has found.

Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.