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GetSwift class action settlement at risk as financial position in doubt
Class Actions 2022-02-14 10:20 am By Christine Caulfield

A settlement agreement in a shareholder class action against GetSwift may be scrapped as the applicant seeks more information as to whether the logistics company is solvent or about to go under.

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Citing ‘leisure wear effect’, MySuper class action seeks in-person hearing
Class Actions 2022-02-08 3:03 pm By Cat Fredenburgh

The parties in a class action accusing a Commonwealth Bank of Australia unit of breaching its superannuation trustee duties want the matter to be heard in person and are willing to foot the bill for the judge to travel to Sydney to make it happen.

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IOOF class action to get ASIC files on abandoned insider trading probe
ASIC 2022-02-08 4:00 pm By Sam Matthews

The corporate watchdog has been subpoenaed for its investigation files in the latest development in a protracted discovery fight in a shareholder class action over alleged misconduct by wealth manager IOOF.

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The class action settlements that came under fire in 2021
Class Actions 2022-01-12 6:04 pm By Christine Caulfield

If evidence were needed that courts are not rubber stamping class action settlements, the scrutiny of multi-million dollar agreements in 2021 is proof positive that judicial oversight of representative proceedings is robust.

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No obligation to disclose climate change risks, gov’t says in sovereign bonds class action
Climate change 2021-12-21 4:17 pm By Miklos Bolza

The Morrison government has denied that it has any obligation to disclose climate change risks to investors of its sovereign bonds as it defends a world first class action alleging global warming is a material risk to the bond market.

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‘Troubled’ judge won’t sign off on Woolworths class action settlement
Class Actions 2021-12-15 5:39 pm By Cindy Cameronne

Saying it will only benefit the law firm and lead applicants, a judge has refused to approve a settlement in an underpayments class action against supermarket giant Woolworths, which would see no payout to employees.

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Full Court to weigh in on class closure in Boral class action
Class Actions 2021-12-03 3:50 pm By Miklos Bolza

The Full Court is set to examine whether the Federal Court has the power to make class closure orders prior to mediation, weighing on one of the biggest unanswered questions vexing the class action regime.

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More casuals class actions to be dropped in wake of High Court’s Rossato decision
Employment 2021-12-01 3:35 pm By Miklos Bolza

Two law firms are seeking court approval to drop class actions brought on behalf of allegedly misclassified casual coal miners, in light of a High Court decision that “radically” decreased their chances of success.

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Lawyers, funder want 35% cut of $125M Crown class action settlement
Class Actions 2021-11-24 1:26 pm By Miklos Bolza

The lawyers and funder behind a shareholder class action against Crown Resorts will be asking the court to approve fees and commission worth 35 per cent of a $125 million settlement with the gaming giant, leaving over $81 million for group members.

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Judge questions why fees, commission missing from Crown settlement notice
Class Actions 2021-11-23 12:03 pm By Miklos Bolza

A judge has directed that the legal fees and funding commission sought to be deducted from a $125 million class action settlement with Crown Resorts be included in a proposed notice to shareholders, after learning that group members were forced to click through to Maurice Blackburn’s website to find the “critical” figures.

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