Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions’ bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.
Insurance giant Suncorp faces a class action investigation on behalf of millions of home and car insurance customers who were allegedly misled about their premiums and charged a so-called loyalty tax.
A judge has signed off on Westpac’s $130 million settlement in a class action over flexible commissions paid to car dealers, bringing to an end three cases brought by Maurice Blackburn against lenders.
A class action on behalf of nearly 150 NSW Liberal Party members who claim party officials failed to lodge their nomination forms ahead of the 2024 local government elections is seeking leave to file a third mended statement of claim.
Piper Alderman is appealing a decision that stayed its competition class action against Google in favour of a competing case, saying group members had been deprived of a “substantially superior” funding model.
Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.
A developer for a high rise building in Mascot, Sydney has launched a post-trial bid to opt out as a group member of a class action against cladding manufacturer 3A Composites and supplier Halifax, in order to bring its own “copy” of the case.
Westpac’s defunct mortgage unit RAMS has accused a class action by former franchisees of attempting to “hijack” civil penalty proceedings by the corporate regulator by seeking to intervene in the case.
IC Markets is fighting a class action’s bid for “highly private and confidential” information about possible group members to craft personalised opt-out notices, arguing the information would be safer in the hands of a third-party mailing house than a plaintiff firm given increasing cyberattack risks.
A judge overseeing a class action on behalf of 300,000 allegedly underpaid McDonald’s workers wants to know the monetary value of the claims, while also questioning why the initial trial in the complex case is set to run for 35 days.