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 victim of the 2014 Parkerville bushfire can’t withdraw acceptance of a settlement offer from Western Power in light of PTSD symptoms which he said affected his judgment.
Some of Australia’s biggest law firms were dragged to court in 2024, facing lawsuits — and even class actions — by disgruntled clients and aggrieved employees.
A judge has cut Slater & Gordon’s 33% contingency fee in a class action against Insurance Australia, saying it was too high since there was nothing “particularly novelā about the case.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
Medical device maker Bayer has successfully defended a class action over its Essure contraceptive, with a judge finding the evidence fell short of proving the device caused chronic inflammation.
A new class action alleges IAG unit NRMA slugged returning policyholders with an algorithm-determined “loyalty tax” on their home and contents insurance.
A judge has questioned a contingency fee bid by Slater & Gordon in a class action against Insurance Australia, saying the risks of the case were inherent to almost every class action.
The NSW government can’t appeal a decision that denied its bid to subpoena the names of 2,316 registered group members in a class action over allegedly unlawful strip searches at music festivals.Ā
A judge has allowed a class action against CBA and its former wealth management arm Colonial First State to add claims based on a novel theory of corporate responsibility that has implications for companiesā use of AI.