Trial in a shareholder class action against Boral has been halted amid an appeal over a decision to allow questioning of former CEO Michael Kane about an email that mentioned a confidential EY report.
Boral’s former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group’s poor performing US windows business, despite claims that the findings were privileged.
Almost 7,000 taxi drivers who did not sign up to two class actions against Uber by the deadline are asking the court for a cut of a $272 million settlement, with a judge questioning what she āunleashedā when sending out the notice of settlement.Ā
Westpac’s head of audit and risk has taken her employer to court, claiming the bank shut down her compliance concerns about its shuttered mortgage broking subsidiary RAMS and stigmatised her as a “troublemaker” after she made repeated inquiries into the matter.
A class action targeting Westpac subsidiary BT Funds Management and Tal Life Insurance is set to be discontinued less than a year after it was filed.
CBA-backed climate venture capital firm Wollemi says that Tesla CEO Robyn Denholm did not use āWollemiā and āWollemi Capitalā as trade marks āat any point in timeā, as it seeks to defeat Denholmās appeal of a decision which rejected her family officeās opposition to registration of the marks.
A judge has criticised the pleadings in class actions against ANZ, Macquarie and Westpac over flexible commission schemes for car dealers, saying they were “inappropriate and unhelpful” in referring to documents in the banking royal commission.Ā
A former EY partner and ousted board member at National Tiles has been ordered to pay indemnity costs after he lost a $1 million share dispute with the flooring company, with a judge finding he “unreasonably failed” to accept a settlement offer.Ā
A ruling this week that kept intact a contingency fee rate of 27.5 per cent sought by Slater & Gordon to run a shareholder class action against G8 Education might encourage law firms to seek higher percentage payouts at the outset of group proceedings in Victoria.
The law firm running class actions against ANZ and Westpac has been pulled up for claiming confidentiality over a solicitor’s affidavits on the costs incurred by the applicants since the court approved settlements in the cases.