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If two’s company and three’s a crowd, what are four and five? Multiplicity in the class action arena
Expert Insights 2019-08-05 3:44 pm By Editor

Notwithstanding a recent increase in competing shareholder class actions, on the whole, competing class actions have remained unusual, and courts have demonstrated that they are well equipped to apply appropriate considerations and principles on a case by case basis, employing a range of case management tools to ensure justice is done without the need for legislative intervention, writes Slater & Gordon class action associate Victoria Sparks.

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Judge says ASIC should have brought Murray Goulburn bosses to court ‘a long time ago’
Securities 2019-08-02 11:59 pm By Christine Caulfield

A judge on Friday asked the corporate regulator why it delayed action against former Murray Goulburn managing director Gary Helou and CFO Bradley Hingle until two years’ after the consumer watchdog brought its case against the pair.

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Judge says shareholder class action against Brambles ‘taking too long’
Class Actions 2019-07-31 2:43 pm By Christine Caulfield

A judge overseeing a consolidated shareholder class action against logistics company Brambles has expressed frustration with the parties, who are locked in an unresolved discovery battle three months after his order consolidating the litigation.

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Government to introduce ban on grandfathered commissions
Financial Services 2019-07-30 7:13 pm By Miklos Bolza

The Federal Government will introduce legislation Thursday that would ban the grandfathering of conflicted remuneration for financial advisors, after the banking royal commission suggested scrapping the practice.

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Allergan faces potential class action over breast implants linked to rare cancer
Personal injury 2019-07-12 10:07 pm By Christine Caulfield

Slater & Gordon is probing a possible class action against Allergan Australia on behalf of women who developed a rare form of lymphoma linked to the company’s textured breast implants.

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ASIC puts banks on notice after review shows ‘extremely poor value’ of credit insurance
Financial Services 2019-07-11 6:47 pm By Amelia Birnie

The corporate watchdog has warned “robust” enforcement action is on the cards for banks and lenders, after a review found consumer credit insurance policies to be “extremely poor value for money”, paying out as little as 11 cents per dollar spent in premiums on average.

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IP, consumer challenge to union campaign could raise freedom of speech concerns, judge says
Competition & Consumer Protection 2019-07-11 3:41 pm By Amelia Birnie

The NRMA’s bid to restrain the maritime union’s campaign over the safety and employment standards of Sydney’s fast ferry services on the grounds that it violates IP and consumer laws is set to be fast tracked after a judge noted the “significant” case could raise freedom of speech issues.

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NAB super fund trustee faces $100M class action over excessive fees
Class Actions 2019-07-10 11:32 am By Miklos Bolza

A NAB-owned trustee is facing a possible class action over $100 million in allegedly excessive fees charged to super fund members.

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Bayer hit with class action over contraceptive implants
Class Actions 2019-07-09 4:11 pm By Miklos Bolza

Slater & Gordon has filed a class action against life sciences giant Bayer over allegedly defective contraceptive implants that caused serious side effects, requiring many patients fitted with the devices to have hysterectomies.

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Referee to weigh in on costs in $42M Murray Goulburn class action settlement
Class Actions 2019-07-05 9:35 pm By Cat Fredenburgh

A Federal Court judge has appointed a costs referee in a shareholder class action against two units of dairy co-op Murray Goulburn over a 2016 profit forecast revision which recently settled for $42 million.

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