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Before the decision in the Brambles case this week -- the first shareholder class action to succeed at trial -- the path to proving loss from disclosure breaches was a thicket of, well, brambles. Now after six consecutive losses, Justice Bernard Murphy has paved the way for plaintiffs to prevail.
In the first shareholder class action to succeed at trial in Australia, a judge has found logistics chain company Brambles breached its continuous disclosure obligations in relation to an overly rosy 2017 financial forecast amid problems with its North American pallets business.
A self-disclosed error in modelling by the law firm that ran a class action against Hino Motors has cost the firm an even deeper cut to its payout than the $6 million lopped off its settlement share last year.
Construction PRO
A 27-year old cricketer who will be permanently bound to a wheelchair has won a $15.2 million judgment against a local council over its failure to install pedestrian gates at a convenient location near the cricket grounds, with a judge finding this led to players routinely jumping a fence to exit.
The former Australian head of HR at real estate giant Jones Lang LaSalle alleges she was unfairly sacked in the fallout of a harassment investigation against an executive despite having recommended his dismissal.
A hearing set for this week on relief sought by Fortnite maker Epic Games in its competition case against Google will not go ahead as planned, after the companies reached a global settlement. But the terms of the deal remain to be approved by the ACCC.
Construction PRO
The former Australian head of HR at Jones Lang LaSalle claims she was ostracized and unfairly sacked in the wake of a harassment investigation into a senior manager, which sparked a media frenzy Australian leadership was allegedly told to "ignore".
A judge has asked for more information on why he should approve $43.1 million in legal fees in a class action against AMP that settled for $120 million, calling the amount "extraordinary" and "troubling".
A Melbourne silk wants to set aside a default judgment in a negligence case brought by a former client, claiming he should have the chance to defend his professional reputation.
A group member in a class action against Johnson & Johnson unit Depuy that resolved 14 years ago has successfully challenged his compensation award, with an appeals court finding the independent counsel who calculated his payout was bound by rules of procedural fairness.