A judge has given the green light to amendments to a $100 million class action against NAB over the collapse of Walton Construction, which include new claims of equitable fraud and knowing involvement in misleading and deceptive conduct.
A judge hearing a defamation case over a podcast by The Australian about the murder of Shandee Blackburn has granted a bid by a News Corp unit for a pre-trial hearing to determine whether acquitted suspect John Peros suffered serious harm from the podcast.
Victorian Liberal Party leader John Pesutto has settled two defamation lawsuits by organisers of the ‘Let Women Speak Rally’ and apologised for conflating them with neo-Nazis who crashed the event, saying his comments “could have more clearly differentiated between the groups”.
An appeals court has dismissed an environmental advocacy groupâs challenge to the extension of two Mach Energy and Whitehaven Coal mega coal mines in NSW, saying the current environmental laws are âill-suitedâ to dealing with the global threat of climate change.Â
HWL Ebsworth has formally replaced its managing partner structure with a company board, following the death of managing partner Juan Martinez in March.Â
Four insurers have agreed to fork over $1 million to settle an investor class action against lender Axsesstoday over an allegedly misleading prospectus for a bond offering, while claims against PricewaterhouseCoopers will move forward.
Billabong founder Gordon Merchant has lost his challenge to a decision by the ATO to increase his tax liability to $31 million, finding that he conducted a âwash saleâ of his Billabong shares and engaged in dividend stripping on the sale of bio plastics manufacturer Plantic Technologies.Â
A judge that tossed two shareholder class actions against the Commonwealth Bank of Australia has found the bank did not have to alert investors to the possibility of AUSTRAC proceedings, saying investors did not expect to be apprised of the “toings and froings” of regulatory investigations.
The High Court has been asked to overturn a NSW Court of Appeal decision finding it had no power to exclude unregistered group members from a settlement, which conflicted with Federal Court precedent, hearing the divergence of the important issue âcan only be resolved by the High Courtâ.
A judge has expressed concerns about the plaintiffâs proposed group costs order rate in a shareholder class action against fleet management company FleetPartners, saying the purpose of the GCO regime was to lower costs to group members.