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‘Big fat CFO’ incentives would distort class action scheme, BMW tells court
Luxury car maker BMW has told the NSW Court of Appeal that the courts do not have power to make common fund orders at any stage of a group proceeding, arguing that such orders would distort the scope of the class action regime by encouraging litigation funders to pursue lawsuits.
Law firms behind competing AMP class actions fight consolidation
A showdown over two competing class actions against AMP is set down for December, and the applicants will have to persuade the judge overseeing the cases that they should not be consolidated.
Rabbi loses appeal in defamation case over Royal Commission comments on child sex abuse
A Sydney rabbi who told the Royal Commission into Child Sexual Abuse that he did not know touching a child's genitals was a crime has lost his appeal of a ruling throwing out defamation proceedings he brought against Nationwide News and SBS.
Group members no worse off if Pitcher Partners class action dropped, court told
Dropping a class action against accounting firm Pitcher Partners over Slater & Gordon's disastrous acquisition of UK professional services firm Quindell will leave group members no worse off than they were when the proceeding first commenced, the Federal Court has heard.
CoreLogic must hand over documents for potential data scraping copyright case
Construction information service provider BCI Media Group has won its bid for preliminary discovery against property data analytics firm CoreLogic Australia, which is suspected of breaching copyright by gaining unauthorised access to BCI's subscription platforms and data scraping for leads.
Carnival looks to axe overseas passenger claims in Ruby Princess class action
A fight is brewing over whether US and UK passengers aboard the Ruby Princess should be part of a class action against cruise operators Carnival and Princess Cruise Lines over their handling of a deadly coronavirus outbreak on the ship that has been linked to at least 20 deaths.
Ripple Labs denies PayID is deceptively similar to trade mark of Aussie mobile banking system
US cryptocurrency maker Ripple Labs has hit back at an intellectual property lawsuit brought by the Australian company behind the ubiquitous PayID mobile banking system, saying its PayID trade mark is neither substantially identical nor deceptively similar to the Aussie mark.
Law firm investigating expanded Crown class action amid anti-money laundering probe
Maurice Blackburn is looking at potentially expanding its shareholder class action against Crown Resorts after it emerged at the NSW gaming authority inquiry that the casino giant may have breached anti-money laundering laws.
Worley prevails in rare judgment dismissing shareholder class action
A judge has sided with Worley in a ruling tossing a class action after a trial alleged the engineering company misled shareholders and breached disclosure rules by issuing an overly positive earnings guidance of $322 million for the 2014 financial year.
CBA fined $150,000 for increasing problem gambler’s credit card limit
The Commonwealth Bank of Australia has been fined $150,000 after a Federal Court judge found the bank had breached the law by increasing a problem gambler's credit card limit but that the conduct was "not systematic, deliberate or covert".