PricewaterhouseCoopers has lost its bid to shut down a class action launched by bondholders of collapsed asset finance lender Axsesstoday Limited over alleged misrepresentations in a $50 million bond offer.
The applicant in a shareholder class action against IOOF wants to add ten new misconduct allegations, including that a relative of a former executive made $69,000 by offloading shares.
SkyCity’s announcement to shareholders about an employee’s interrogation by Chinese gambling authorities made little difference to the NZ casino operator’s share price, Crown Resorts has told a court in expert evidence ahead of a looming class action trial.
The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by a certain date if they can’t agree to “sensible” time limits to ready the case for hearing, noting he would reach retirement age in 2024.
A judge has slammed an “absurd” class action settlement offer made by pelvic mesh device maker Astora Women’s Health that would require Shine Lawyers to provide the company with indemnities, saying “no rational judge” would approve it.
The Office of the Australian Information Commissioner is investigating whether Optus breached privacy law after the telco wrongly published customersā personal details in the White Pages in 2019.
Surviving members of the Stolen Generations in the ACT, Jervis Bay and the Northern Territory are each set to receive upwards of $75,000 as part of a federal government redress scheme, but the law firm behind a class action over the forced separation of Indigenous families says its case will proceed for now.
A judge has said the applicant in a class action against Brambles has āside-steppedā a challenge to a landmark class closure ruling that found there was no statutory power to shut out unregistered class action members, a decision that he said had ābedevilledā the courts.
The law firm that’s running seven class actions challenging the ‘casualisation’ of mine workers says the cases still have a way forward despite suffering a “disappointing setback” from the High Court’s finding that a Glencore mine worker was a casual employee because he worked on an “assignment-to-assignment” basis.
The funder backing a class action accusing two energy generators of gaming Queensland’s energy prices wants the Full Court to find the landmark Brookfield Multiplex ruling, which held that a litigation funding arrangement for a class action was a managed investment scheme, was wrongly decided.