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Judge approves $57.5M ANZ class action settlement, funder’s ATE costs
Class Actions 2024-12-19 2:49 pm By Cindy Cameronne

A judge has approved a $57.5 million settlement in a class action against ANZ over credit card interest, including allowing the funder to recoup $1.2 million in after-the-event insurance costs.

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Hytera can’t dodge ‘substantial industrial theft’ finding in Motorola case
Intellectual Property 2024-12-18 3:28 pm By Sam Matthews

An appeals court has rejected Chinese radio manufacturer Hyteraā€™s challenge to a finding it misappropriated the source code of US mobile phone giant Motorola.

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Mesoblast class action settlement wins court OK
Class Actions 2024-12-16 11:17 pm By Christine Caulfield

A court has approved a $26.5 million settlement in a shareholder class action against regenerative medicine company Mesoblast.

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IG Markets class action may drop conflicted remuneration claims
Class Actions 2024-12-06 11:38 pm By Cindy Cameronne

A class action against online trading platform IG Markets over alleged risky contracts for difference may drop its conflicted remuneration claims after struggling to find a sample group member.

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AMP class action ‘in search of a case’ after four years, court told
Class Actions 2024-11-29 11:00 pm By Sam Matthews

AMP has won its bid for more information on a class actionā€™s allegations that it charged excessive insurance premiums, saying the applicant appeared to be ā€œin search of a caseā€.

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Judge OKs cutting edge argument in $900M class action against CBA
Financial Services 2024-11-28 4:52 pm By Cindy Cameronne

A judge has allowed a class action against CBA and its former wealth management arm Colonial First State to add claims based on a novel theory of corporate responsibility that has implications for companiesā€™ use of AI.

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Real estate ‘mogul’ Sasha Hopkins slapped with $1.25M fine
Real Estate 2024-11-27 3:35 pm By Cindy Cameronne

A judge has ordered self-styled real estate mogul Sasha Hopkins to pay a $1.25 million penalty for luring investors to put their life savings into risky property developments.Ā 

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BHP says shareholders canā€™t expand class action because of ā€˜drafting errorā€™
Class Actions 2024-11-08 11:12 pm By Cindy Cameronne

BHP has told an appeals court a shareholder class action should not be allowed to expand the group definition to correct an alleged drafting error.

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REST’s reliance on law firms’ advice a winning defence in ASIC case
Financial Services 2024-09-18 11:22 pm By Sam Matthews

A judge has tossed ASIC’s case against REST over alleged misleading representations, finding the representations were statements of opinion reasonably held based on the advice of lawyers.

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Real estate ‘mogul’ Sasha Hopkins to cop $1.25M penalty in ASIC case
ASIC 2024-09-13 11:45 pm By Cindy Cameronne

Self-described property ‘mogul’ Sasha Hopkins has agreed to pay a $1.25 million fine and face a four-year disqualification in proceedings by the corporate regulator.

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