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Judge approves Blackstone’s takeover of Crown Resorts
Corporate 2022-06-15 12:37 pm By Sam Matthews

A judge has given his approval to the takeover of Crown Resorts by US private equity group Blackstone.

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Sims settles shareholder class action for $29.5M
Class Actions 2022-06-10 9:43 am By Christine Caulfield

Recycling company Sims Limited will pay $29.5 million to settle a shareholder class action alleging earnings guidance for FY16 failed to account for the likely prospect of falling scrap metal prices.

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Judge slams Andrews government for ‘opaque cover-up’ in hotel quarantine class action
COVID-19 2022-06-07 6:45 pm By Cindy Cameronne

A judge has criticised the Andrews government for withholding information about the alleged transmission of COVID-19 to a security guard working in hotel quarantine in a class action claiming lapses in the program caused Victorian businesses to suffer losses. 

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Claims against Macquarie Leasing dropped in ANZ flex commissions class action
Class Actions 2022-06-06 12:26 pm By Sam Matthews

Macquarie Leasing has been let off the hook in a class action alleging that a flex commissions scheme by ANZ’s former car finance business encouraged dealers to set car loan rates far in excess of base rates in exchange for large kickbacks.

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a2 Milk class action consolidation to see one silk go
Class Actions 2022-06-02 7:12 pm By Sam Matthews

Two law firms are set to work “hand in glove” in their proposed consolidated shareholder class actions against a2 Milk, with one senior barrister to be dropped as part of the “rationalisation” of the combined team.

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Qantas takes fight over axing of ground staff to High Court
High Court 2022-06-02 11:23 pm By Cat Fredenburgh

Qantas has asked the High Court to reverse a judgment that found it violated the Fair Work Act by axing 1,800 ground staff partly to prevent them from bringing industrial action.

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$27M pelvic mesh class action settlement offer pulled amid ‘financial difficulties’
Class Actions 2022-06-01 2:11 pm By Cindy Cameronne

Settlement talks in a class action on behalf of women injured by allegedly defective pelvic mesh products have failed after Astora Health took a long-standing $27 million settlement offer off the table. 

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Uber appeals ruling it sought legal advice on how not to get ‘caught’
Class Actions 2022-05-31 2:17 pm By Cindy Cameronne

Uber has appealed a ruling that found many of its email exchanges with its lawyers were made in furtherance of offences at the centre of a class action and were not protected by legal professional privilege.

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AUSTRAC refuses exemption for CBA in ‘cuckoo-smurfing’ case
Financial Services 2022-05-23 12:51 pm By Cindy Cameronne

The Commonwealth Bank of Australia will bring its second bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.

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Treasury Wine’s blackout of board papers ‘not justified’, class action judge says
Class Actions 2022-05-23 3:03 pm By Cindy Cameronne

A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer’s redactions of board papers were “not justified”.

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