Fitch Ratings has lost its bid for summary dismissal of claims in a class action over allegedly rosy ratings for risky derivative financial products issued 17 years ago on the basis that they are time-barred.
A judge has said he is satisfied that GM’s concerns about a class action’s “circular” explanation of alleged design flaws in certain Holden vehicles are “not trivial”.
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
Mineral Resources and founder Chris Ellison have been hit with a shareholder class action over alleged disclosure failures related to transactions with a company Ellison owned.
A Sydney silk who has worked on several car defect class actions and represented Apple over claims it engaged in anti-competitive conduct in the app marketplace has been appointed to the NSW Court of Appeal.
A judge has approved a $3.5 million settlement in a class action brought by former clients of Sydney fraudster Melissa Caddick.
The fact that at least three funders are open to backing a franchisee class action against United Petroleum should doom the class action’s opposition to the petrol chain’s bid for $2.3 million in security, a court has heard.
A class action over alleged botched cosmetic surgeries can drop claims against one surgeon, but the doctor will remain a party so other defendants can point the finger at him.
Western Australia and its public housing landlord have denied a class action’s allegations that Indigenous people living in remote communities were overcharged for substandard public housing.
Class actions against Hyundai and Kia over alleged defective anti-lock braking systems could expand “dramatically”, a court has heard, as a contest over competing cases ticks over into a second year.