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Judge calls for legislative reforms as appeals court transfers Uber class action
Class Actions 2020-09-08 11:34 am By Alison Eveleigh

An appeals court has dealt with complex jurisdiction and limitations issues in transferring one of three class actions against ride sharing giant Uber to another court, with one of the judges saying legislative reforms were needed to deal with the issues.

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BHP wants foreign group members shut out of class action over Brazil dam failure
Class Actions 2020-09-07 5:21 pm By Alison Eveleigh

Mining giant BHP is seeking to have foreign group members shut out of a shareholder class action over the Fundao dam failure in Brazil five years ago.

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iSignthis now wants $464M in share suspension suit against ASX
Securities 2020-09-02 9:17 pm By Christine Caulfield

Fintech company iSignthis has upped its demand for damages in a lawsuit against ASX for a second time, filing documents with the Federal Court that claim the market operator’s decision to suspend its shares has cost it almost half a billion dollars.

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Law firm says Treasury Wine can’t appeal class action ruling without court OK
Class Actions 2020-09-02 5:37 pm By Christine Caulfield

Maurice Blackburn is pushing back against an appeal by Treasury Wine Estates, which accuses the law firm and a barrister of breaching their obligations by using evidence discovered in a settled class action to launch a second case against the wine maker.

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iSignthis racks up $1M legal bill in battle with ASX
Financial Services 2020-08-31 4:54 pm By Miklos Bolza

Fintech firm iSignthis has revealed that it has spent over $1 million in legal costs pursuing its $264 million lawsuit over misleading and deceptive conduct against the Australian Stock Exchange.

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Hanwha can amend solar patent at centre of IP feud with rivals
Intellectual Property 2020-08-31 4:48 pm By Christine Caulfield

The Federal Court has granted a bid by global solar cell manufacturer Hanwha to amend the patent behind its solar technology at the centre of a hotly contested infringement case against three rivals.

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ASIC won’t take action against Commonwealth Bank over AUSTRAC matter
Financial Services 2020-08-26 11:55 pm By Cat Fredenburgh

The Australian Securities and Investment Commission will not take action against the Commonwealth Bank of Australia or any of its directors of officers in relation to AUSTRAC proceedings the bank agreed to settle for $700 million in 2018.

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Boral faces third shareholder class action over US biz disclosures
Class Actions 2020-08-26 10:41 pm By Christine Caulfield

Construction giant Boral must now contend with three class actions by shareholders alleging it failed to disclose financial problems with its US windows business, but the cases will stay on ice pending a High Court challenge.

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Judge won’t stall opt out notice in AMP class action
Class Actions 2020-08-26 3:41 pm By Alison Eveleigh

A court has given the green light for opt out and registration notices to be sent to group members in a shareholder class action against AMP, despite objections by the lead plaintiff in a competing class action.

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QBE looks to shrink ANZ add on insurance class actionĀ 
Class Actions 2020-08-25 10:48 pm By Alison Eveleigh

Insurer QBE wants to downsize a massive class action brought against it and banking giant ANZ over the sale of allegedly worthless add on insurance.

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