The Australian Securities and Investments Commission has narrowed its case against Westpac ahead of a high-stakes trial over the bank’s alleged violations of lending laws, striking claims that certain home loans were unsuitable for consumers.
The NSW Government has successfully added a proportionate liability claim against two contractors to its defence in the Sydney light rail nuisance class action, over the objections of the lead plaintiff in the case.
Woolworths’ knowledge of its poor performance on price perception among shoppers in 2014 is at the centre of a $100 million shareholder class action against the retailer, a court heard Friday.
A judge has refused to contemplate delays to the long-running investor class action against defunct engineering and construction company Forge Group, as lawyers for some of the respondents warn of a “real risk” that the current trial date might need to be vacated.
A judge has signed off on common fund application in a consumer protection class action against mortgage lending and investment firm RMBL Investments under which the funder will earn a 30% cut of any resolution amount if the case drags into September.
Uber has been with a class action on behalf of more than 6,000 drivers and license owners alleging the ride-sharing giant caused them harm by operating illegally in four states across Australia.
An appeals court has handed a win to the Fair Work Ombudsman in its battle for a multimillion dollar penalty against the CFMEU for coordinated strikes at two Hutchison Ports shipping terminals, finding a judge’s fine of just $38,000 did not cut it.
AMP is set to be the next target of a $1 billion class action blitz by Slater & Gordon on behalf of superannuation members, facing a case on behalf of over half a million Australians allegedly gouged by excessive fees on their AMP superannuation accounts.
Law firm Maurice Blackburn has fired its opening salvo in a high-stakes appeal of a judge’s decision rejecting its class action against BHP over the Brazilian dam failure, saying the ruling deprived group members of pocketing higher net returns on any recovery and of choosing a more experienced firm to run the case for them.
The Australian Securities and Investments Commission will gets a chance on Monday to prove its claims that Westpac breached responsible lending laws by providing unsuitable home loans when the two face off in a high-stakes trial following the court’s rejection of what would have been a record $35 million penalty for breaching the country’s lending laws.