Two law firms that filed competing class actions against regenerative medicine company Mesoblast for allegedly misleading shareholders about its Remestemcel-L treatment for COVID-19 complications have agreed to join forces and sidestep a beauty parade.
South Korean car makers Hyundai and Kia are facing a class action investigation in Australia over cars containing potentially defective petrol engines, after agreeing to a settlement worth more than $1 billion in related US litigation last year.
Law firms Shine Lawyers and Phi Finney McDonald have won a contest to jointly run a class action against embattled tech company Nuix, with rival Banton Group losing out on its âopaqueâ funding agreement.
Failed asset manager Blue Sky Alternative Investments has been served with a class action over the companyâs alleged overstated financial reports between 2016 and 2018 that also targets nine former directors as well as auditors Ernst & Young.
Fighting what they say is a stultifying $1.23 million order for security for defence costs in a class action, franchisees of Hog’s Breath Cafe have argued it is up to the restaurant chain to prove group members can pony up the dough.
A New South Wales developer and construction company have been hit with a class action by aggrieved property owners at a Central Coast commercial development who say the building was riddled with defects, including subpar air conditioning.
Despite noting that a class action trial and appeal were “unusual”, a judge overseeing a long-running class action against Ford has refused an application to send a notice to group members about a coming appeal in the case.
A judge overseeing a shareholder class action against GetSwift has said the settlement and company itself have âcollapsedâ after the logistics business went into liquidation and failed to make the last of the upfront payments due under the dealâs $1.5 million cash component.
Shareholders in a class action against Arrium and KPMG are fighting an $8 million security for costs order sought by former directors of the failed steel giant, who say they should not be forced to defend the case âon a shoestring.â
Toyota unit Hino is facing at least two class action investigations for alleged misleading representations over 20 years about the fuel consumption and emissions of its diesel vehicles.