A class action against BHP can include in the group member definition investors who bought shares on secondary platforms, but the change can’t apply retroactively.
Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.
A court has foreshadowed a fight between two competing class actions against Google over alleged abuse of market dominance in digital advertising.
Two law firms have joined forces in a second class action on behalf of publishers alleging Google misused its dominance in the digital advertising market.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Defending a class action brought over Victoria Police’s use of force against protestors at a mining conference in 2019, the state has told a court the case would centre on when peaceful protesting crosses a line.
Macquarie Capital has hit back at a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO, saying it was entitled as underwriter to rely on the software company’s promises.
A judge has signed off on a $38 million settlement in a shareholder class action against Mayne Pharma but has slashed a 27.9 per cent commission for the funder that backed the case. Victorian Supreme Court Justice Andrew Watson approved the settlement on 19 December, including $6 million in legal costs and a 25.7 per…
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
A judge has approved a $57.5 million settlement in a class action against ANZ over credit card interest, including allowing the funder to recoup $1.2 million in after-the-event insurance costs.