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ASIC takes Nuix to court over ‘misleading’ market announcements
The Australian Securities and Investments Commission has filed long-awaited action against troubled tech company Nuix and a handful of former and current directors over allegedly misleading revenue announcements to investors.
Optus woes continue with second law firm investigation over data breach
As the FBI joins the hunt for the hackers behind last week's massive data breach at Optus, a second law firm has launched an investigation into possible claims against the telecommunications giant.
Virgin class action to appeal ‘nonsensical’ indemnity ruling
The applicant in an investor class action against Virgin Australia plans to appeal a judge’s decision requiring litigation funder Balance Legal Capital UK to give the airline an indemnity in order to bring the proceedings, saying the indemnity “substantially changes the risk calculus" for group members.
Judge mulls contradictor in $105M Boston Scientific class action settlement despite no red flags
The judge overseeing a class action against US medical device maker Boston Scientific is considering appointing a contradictor to look over the $105 million settlement reached in the case, despite seeing no obvious obstacle to approving the deal.
Santos appeals ruling pausing $4.7B offshore drilling project
Santos has filed an appeal after Tiwi Islanders won a Federal Court challenge to a $4.7 billion Barossa offshore gas project, with a judge finding they were not properly consulted about the project, which they say would harm their culture and way of life.
Clive Palmer’s injunction bid premature in $30B spat over Pilbara iron ore mine, court says
A judge overseeing mining magnate Clive Palmer’s latest spat with the West Australian government has declined to issue an injunction preventing the state from enforcing liabilities against Palmer’s companies Mineralogy and International Minerals under the controversial ‘Palmer Act’.
Pelvic mesh class action halted after Astora files for bankruptcy in US
A judge has paused a class action on behalf of 6,000 women allegedly injured by defective pelvic mesh devices pending determination of an application by Astora Health for a stay of the proceedings following its bankruptcy filing.
J Hutchinson, CFMMEU appeal $1.35M fine over construction boycott
J Hutchinson and the CFMEU have appealed a judgment slapping them with a combined $1.35 million penalty for agreeing to boycott an independent subcontractor at a Brisbane construction site.
Criminal case should run before COVID-19 hotel quarantine class action, court told
The state of Victoria has brought criminal action against the DHHS over its handling of the hotel quarantine debacle in 2020 and wants to push off separate class action proceedings until the charges are heard.
Like ‘dousing one’s house in kerosene’: Owners rebuff no-damage claim in cladding class action
Property owners are fighting arguments that claims in a class action over allegedly combustible cladding do not fall under a $190 million insurance policy's definition of property damage, saying installing the cladding was like “dousing one’s house in kerosene”.