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A retiring Federal Court judge has defended the class action regime he helped to shape, telling colleagues and practitioners in his farewell speech that the jurisdiction was in its "Goldilocks moment".
KPMG has told a judge there is no evidence that Arrium's share price would have changed even if it had recorded a $2.8 billion impairment, urging the judge to reject the shareholder class action's "intuitive" case on loss.
Macquarie Capital has taken aim at the expert evidence of a shareholder class action over Nuix's IPO, saying it was "completely inadmissible" because the expert had answered legal questions that fell outside his expertise.
A software engineer for Sportsbet has faced cross-examination over the role of phone operators in placing bets for users of its Fast Code betting, in a class action trial that alleges the system was not a true telephone betting service.
Former directors of steelmaker Arrium have rejected shareholder class action claims that the company's collapse was foreseeable, calling claims they had their heads in the sand “arrant nonsense”.
Hitting back at trial in a shareholder class action, software company Nuix has told a judge it was “completely unfounded” to allege auditor PwC did not push back on management’s claims about its budget.
The lead applicant in a class action against Sportsbet over its fast code betting service has admitted he never questioned whether the system was lawful until meeting with class action lawyers at Maurice Blackburn.
Businesses in two cases against Lloyd's and QBE over COVID-19 losses have failed in an appeal of a ruling stripping the suits of class action status.
A judge has given the nod to an amendment in a class action over Victoria's COVID-era hotel quarantine program that will exclude non-retail and hospitality businesses, but he won't make the order operate retrospectively.
A shareholder class action against Nuix is the first to test statutory due diligence defences available under the Corporations Act, a court heard Tuesday, when the class action took the court to internal emails describing the company as "tragically hopeless" at winning new business.