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In a first, judge says High Court dealt CFOs a total knockout
A judge has found that the High Court's landmark ruling last year blocking common fund orders in the early stages of a class action also barred them from being made at the conclusion of a proceeding, departing from several recent rulings on common fund orders.
Settlement in Ralan class actions to be kept under wraps amid threat of more lawsuits
The settlement sum in three class actions against law firms that allegedly gave negligent advice about property investments in the now-defunct Ralan Group has been suppressed, after the court heard there was a risk of future claims being brought.
Scotsburn bushfire class action settles for $10.5M
A class action launched over the Scotsburn bushfire that burnt down 12 homes and ravaged over 4,000 hectares in Victoria in December 2015 has reached a $10.5 million settlement with agricultural machinery company Agrison and insurer Auto & General Insurance Company.
Maurice Blackburn ‘stumbled’ on confidential info used in Treasury Wine class action
A leading class actions lawyer from Maurice Blackburn "stumbled across" allegedly confidential information embedded in a Treasury Wine Estates' shareholder presentation and used it in the law firm's class action pleadings, a court has heard.
Bianca Rinehart signals appeal in family feud over $4B trust
The daughter of Australia’s richest person, Gina Rinehart, has signalled an intention to appeal a decision staying proceedings against her mother for allegedly oppressive conduct in relation to the $4 billion family trust.
One case prevails in battle over competing Westpac AUSTRAC class actions
A contest of two competing shareholder class actions against Westpac over millions of alleged anti-money laundering breaches has ended with one law firm and its funder bowing out.
‘Unscrupulous act’: Toll says hackers stole private data
Logistics provider Toll Group says hackers who breached it systems last week accessed employee data and information on commercial agreements with current and former enterprise customers.
Sports betting companies lose challenge to $3.8M judgment
An appeals court has dealt Classic Bet and Best Bet a loss in their challenge to a $3.8 million judgment in a contractual dispute related to the $5.95 million acquisition of the sports gambling companies by Playup in 2018.
Bupa hit with $6M penalty over broken promises to aged care residents
Bupa Aged Care has been ordered to pay a $6 million penalty for charging customers of its aged care facilities for services it never provided, including enhancements intended to improve the quality of life for its most vulnerable residents, such as those suffering from dementia and blindness.
Court urges investigation into SMSF advisor’s ‘calculated deception’
A judge will ask the NSW Attorney General to launch a criminal or regulatory investigation into a Hunter Valley-based financial advisor whose alleged fraudulent conduct led to investor losses of over $4.6 million.