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Gladstone Ports class action funder, plaintiffs clash over who should run the case
Class Actions 2024-03-28 10:17 pm By Christine Caulfield

The litigation funder and lead plaintiffs in a class action against Queensland-owned Gladstone Ports are in dispute over who should be engaged to act in […]

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ASIC wins greenwashing case against Vanguard over $1B fund
Securities 2024-03-28 4:15 pm By Cindy Cameronne

The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.

Court OKs $23M settlement in Wellard class action despite funder’s ‘lion’s share’
Class Actions 2024-03-28 4:28 pm By Cindy Cameronne

A judge has approved a settlement in a shareholder class action against livestock exporter Wellard that grants a 34 per cent cut for group members, saying that investors had agreed to the lawyers and funder receiving the “lion’s share”. 

27.5% the ‘standard benchmark’ for GCOs in earnings guidance class actions, court told
Construction 2024-03-28 4:39 pm By Cindy Cameronne

A law firm running a shareholder class action against building materials giant James Hardie Industries has argued for a 27.5 per cent group costs order, saying it was the “standard benchmark” for earnings guidance cases. 

Jan Cameron fined $8,000 for failing to disclose interest in Bellamy’s
White Collar 2024-03-28 10:32 pm By Cat Fredenburgh

Former Bellamy’s Australia director Jan Cameron has been fined $8,000 after being found guilty of two counts of breaching the Corporations Act for failing to disclose her stake in the baby formula company. 

Airport employee first official targeted by National Anti-Corruption Commission
Public Corruption 2024-03-28 11:41 pm By Cat Fredenburgh

A former employee of the Western Sydney Airport has been arrested and charged with allegedly soliciting a bribe of $200,000 during the procurement process for a $5 million contract for services at the new airport.

Three defamation cases against John Pesutto to be heard together
Defamation 2024-03-28 9:14 pm By Cindy Cameronne

Victorian Liberal Party leader John Pesutto will face three defamation cases at the same time — one by former Liberal MP Moira Deeming and two by anti-trans activists over last year’s ‘’Let Women Speak’ rally, which was crashed by neo-Nazis.

ACCC review puts the kibosh on REA Group’s acquisition plans
Competition & Consumer Protection 2024-03-28 2:56 pm By Cat Fredenburgh

The owner of realestate.com.au has dropped its plan to acquire a national forms platform used by real estate agents, after the Australian Competition and Consumer Commission commenced a review of the deal off its own bat and raised competition concerns.

At Juan Martinez’s HWL Ebsworth, it was OK to ‘hire and fire at will’, court told
Business of Law 2024-03-27 10:48 pm By Cindy Cameronne

A former HWL Ebsworth capital partner alleging he was unlawfully expelled and excluded from a planned float on the ASX has argued HWLE’s late managing partner, Juan Martinez, thought the firm could “hire and fire at will” without giving proper reasons.

Hotel quarantine class action can’t proof witnesses ahead of criminal trial
Class Actions 2024-03-27 9:06 pm By Sam Matthews

The state of Victoria has won its bid to prevent lawyers for a class action over Victoria’s COVID-19 hotel quarantine debacle from proofing lay witnesses, ahead of a criminal trial against the Department of Health, which is due to start in May.