Telco contractor BSA has sued for declarations that cash raised from its 2022 prospectus cannot go towards a $20 million settlement reached with group members in a Shine Lawyers-led class action accusing the company of misclassifying its workforce of technicians as independent contractors.
Macquarie Leasing has been let off the hook in a class action alleging that a flex commissions scheme by ANZās former car finance business encouraged dealers to set car loan rates far in excess of base rates in exchange for large kickbacks.
Philips Electronics has been fined $133,200 for failing to provide timely notice to the country’s health regulator of deterioration in its sleep machines, after being hit with a class action lawsuit over degrading foam in the devices.
Online trading company CMC has been hit with a class action by investors seeking to recover 10 yearsā worth of āsignificantā losses incurred while trading risky financial products on its mobile and web-based platforms.
Investors in Mayfair Groupās collapsed IPO Wealth Fund stand to recoup āa lot lessā than their alleged $67 million in losses from a settlement in a class action alleging the fundās trustee misled the unit holders — but they will take home 75 per cent of the resolution sum, a court has heard.
A judge overseeing a class action against retirement home provider Aveo Group has appointed an amicus curiae for what is believed to be the first time to assist the court in a fight over the wording of an opt out notice describing a ānovelā funding model.Ā
Two law firms are set to work āhand in gloveā in their proposed consolidated shareholder class actions against a2 Milk, with one senior barrister to be dropped as part of the ārationalisationā of the combined team.
Settlement talks in a class action on behalf of women injured by allegedly defective pelvic mesh products have failed after Astora Health took a long-standing $27 million settlement offer off the table.Ā
A foreshadowed application for a funding order in a class action that would put a lien on some group membersā homes was āentirely unprecedented and without jurisprudential basisā, retirement home provider Aveo Group has said.
QSuper has hit back at a class action over its alleged failure to notify members of changes to its premiums, saying group members failed to heed a ālarge fontā notice of the changes and that any recoveries cannot be paid out to the law firm and funder running the litigation.