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Two months after reserving judgment, an appeals court has allowed the Worley class action to reopen the case to offer its take on the relevance of the Full Court's ruling last month in the CBA class actions.
Norton Rose Fulbright has lured two M&A parters from Squire Patton Boggs to join its Sydney office during a period of high demand.
Mortgage broker Lendi Group and insurer ALI Group want to declass a junk insurance class action, telling a judge that even in a successful scenario, the more than 13,000 group members will be left to share only $2.5 million.
Construction PRO
Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right.
The judge overseeing two competing class actions against Google has issued a warning to law firms that agree to team up and work on a class action together, saying that in other markets such arrangements might be viewed as “something akin to a cartel”.
A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.
An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.
Fonterra may face a class action for allegedly underpaying lab technicians since 2018, as the dairy co-op seeks to offload its Australian food unit.
Construction PRO
A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.
Insurance Australia Limited and Insurance Manufacturers of Australia have denied a class action's claims that they misled insurance customers about loyalty discounts by calculating their premiums using an algorithm designed to maximise renewals.