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IOOF offered $6M to settle class action that ultimately flopped 
Class Actions 2024-04-15 11:02 pm By Andy Sidler

Investment manager IOOF has failed to persuade a judge that the applicant in a failed shareholder class action should face indemnity costs for rejecting a $6 million offer to settle the case.

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Nature’s Care majority shareholders to foot the bill for fight with founding family
Corporate 2024-04-15 11:33 pm By Sam Matthews

The majority shareholders of vitamin giant Nature’s Care have been hit with the costs of the company’s failed bid for an injunction against its founding family, after a judge found the shareholders appear to have caused proceedings to be commenced as part of a strategy to “override the rights” of the family. 

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Super fund faces $40M class action by transport workers
Class Actions 2024-04-12 3:19 am By Cat Fredenburgh

Transport workers have lodged a $40 million class action against one of the country’s largest super funds for allegedly miscalculating their superannuation entitlements.

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Aristocrat’s 6-year battle to patent Lightning Link poker machine ends in defeat
Intellectual Property 2024-04-12 9:30 pm By Cindy Cameronne

A judge has ruled gaming giant Aristocrat Technologies cannot patent its Lightning Link electronic poker machine, after six High Court Justices split on whether the popular game was eligible for patent protection.

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ASIC wins case against payday lender Sunshine Loans over ‘wrongheaded’ fees
Financial Services 2024-04-12 11:08 pm By Sam Matthews

In a win for the Australian Securities and Investments Commission, a judge has found that payday lender Sunshine Loans charged thousands of customers prohibited fees, issuing a scathing judgment condemning the company’s “wrongheaded” conduct.

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Law firm will try to claim funder’s cut as damages in Murray Darling class action
Class Actions 2024-04-12 10:12 pm By Cindy Cameronne

A class action against the Murray Darling Basin Authority over alleged negligent water management is seeking to claim a funder’s commission as damages after a judge refused the first-ever such bid in a separate group proceeding. 

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Settlement reached in class action against NSW law firm
Class Actions 2024-04-12 10:44 pm By Cindy Cameronne

A class action seeking to hold a regional NSW law firm liable for the actions of a former employee who was sentenced to a term of imprisonment for fraud offences in 2021 has reached a settlement. 

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Even an entirely discredited Bruce Lehrmann could win his defamation case
Defamation 2024-04-12 11:28 pm By Christine Caulfield

Attacks at trial on the credibility of Bruce Lehrmann hit their target, but it’s still his case to lose on Monday morning, when judgment is delivered on his defamation claims against Ten. Throughout the case the network has borne the burden of proving Brittany Higgins’ rape allegation was true, and it is the very seriousness of that allegation that made the task harder.

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Noumi can’t keep lid on PwC report in ASIC case
Securities 2024-04-11 11:46 pm By Cindy Cameronne

A former director of Noumi has won his challenge to the food manufacturer’s claim for legal professional privilege over a PricewaterhouseCoopers report commissioned by its lawyers at Ashurst, with a judge finding the company waived privilege by disclosing it to Australian Securities and Investments Commission. 

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Judge approves GCO in James Hardie class action, says funded cases ‘more expensive’
Class Actions 2024-04-11 2:13 pm By Sam Matthews

A judge has approved a group costs order in a shareholder class action against building materials giant James Hardie Industries, giving firm Echo Law a 27.5 per cent cut of any proceeds from the case.

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