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.
Westpac subsidiary BT Funds Management and Tal Life Insurance have foreshadowed applications to strike out the pleadings of a class action alleging superannuation customers were overcharged for insurance coverage.Â
The High Court has handed a win to a class action on behalf of Queensland ratepayers who were wrongly charged levies over a period of six years, rejecting the local councilâs argument that the levies were put to good use.
Defunct investment firm Blue Sky has denied a class actionâs claims that it misled shareholders ahead of its 2019 collapse and has pointed the finger at auditor EY.
Despite succeeding on a number of claims, the applicant in a tortuous shareholder class action against Worley must foot the engineering services company’s bill for defending two trials.
REST Super faces a class action alleging the supererannuation trustee deducted premiums for income protection insurance that provided no benefit to members.
Fast food giant KFC has served its defence in a class action alleging workers were deprived of their rest break entitlements, saying its obligation to provide the break was satisfied if staff were given the chance to stop work but chose not to.
A judge has held that there could be favourable costs consequences for Carnival if its rejected $15 million settlement offer in the Ruby Princess class action turns out to be more generous than the ultimate damages award, departing from a previous ruling that so-called Calderbank offers do not operate in group proceedings.Â
It’s a case of dĂ©jĂ vu in a class action against engineering services company Worley, with shareholders heading back to the appeals court after losing a second trial in their drawn out fight over disclosure breaches.
US consumer goods giant 3M is facing a possible class action on behalf of members of the Australian Defence Force who allegedly suffered hearing loss from defective combat earplugs.