A judge overseeing a shareholder class action against the now failed GetSwift has urged the applicant to decide soon if he will forge ahead with a problematic settlement, seek summary judgment or wait to see what comes of the parent company’s bankruptcy case.
The state of Victoria has brought criminal action against the DHHS over its handling of the hotel quarantine debacle in 2020 and wants to push off separate class action proceedings until the charges are heard.
The state of Victoria can’t duck class action claims that failures in its hotel quarantine program caused businesses to suffer losses when stage three and four restrictions were put in place during the state’s second wave of COVID-19 cases in 2020.
A judge overseeing a shareholder class action against GetSwift has said the settlement and company itself have âcollapsedâ after the logistics business went into liquidation and failed to make the last of the upfront payments due under the dealâs $1.5 million cash component.
A judge has approved a $52 million settlement is six class actions against car makers for allegedly selling cars fitted with deadly Takata airbags, under which individuals group members will get around $600 after $31.7 million in expenses is deducted.
Fired underwriter Greg Brereton has been granted an extension to respond to lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by collapsed Greensill Capital.Â
A judge has criticised the Andrews government for withholding information about the alleged transmission of COVID-19 to a security guard working in hotel quarantine in a class action claiming lapses in the program caused Victorian businesses to suffer losses.Â
Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at the centre of four lawsuits because the supply chain financing firm concealed its risks and made fraudulent misrepresentations.
The state of Victoria has asked a court to strike out a class action alleging lapses in its hotel quarantine program caused businesses to suffer losses when stage three and four COVID-19 restrictions were put in place between July and August 2020.
Logistics company GetSwift and its directors have dropped their challenge to a judgment that found the company breached its continuous disclosure obligations with its “PR-driven” approach to ASX statements.