Allens

CIMIC has agreed to pay $45.25 million to settle a shareholder class action alleging it failed to properly inform the market about its investment in a Middle East company. 

The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members. 

Gold miner Evolution Mining faces a class action over alleged disclosure failures in relation to its Canadian operations.

Senior counsel for two former Super Retail executives has withdrawn on the final day of a hearing in the case, saying it was against his conscience to continue acting.

Super Retail has rejected as “fanciful” a claim by two former executives that they reached a binding oral settlement with their employer after their dismissal in May. 

Two law firms that were set to run competing class actions against Coles and Woolworths over alleged illusory discounts have reached an in-principle agreement to collaborate.

A judge on Wednesday questioned a solicitor acting for two axed Super Retail executives on his silence about an alleged settlement his clients are seeking to enforce.

Super Retail is bound by a settlement with two former executives who claim they were axed after complaints about its CEO’s undisclosed relationship with a former HR officer, a court has heard.

A class action on behalf of 330,000 super members has settled against the trustees of the MLC Super fund, just days after another superannuation class action flopped.

RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.