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A class action on behalf of Drakes store managers claimed to be worth up to $20 million has settled for $2.2 million, and the law firm behind the proceedings wants a cut of up to $837,000.
KPMG has again been targeted in a class action by shareholders of a defunct mining company, this time over allegedly misleading statements made by CuDeco ahead of a $63 million capital raising in 2016 and before the company’s collapse in 2020.
Nine has hit back at a class action by Indigenous Australians who say the broadcaster’s coverage of a $30 million class action settlement with the Queensland government for alleged police misconduct during the 2004 Palm Island riots was discriminatory and inaccurate, saying it reported the events “fairly and accurately”.
A judge has approved a bid by group members to discontinue a class action alleging pharmacy giant Priceline exercised an "overly prescriptive level of control" on franchisees which limited their profitability, saying it was unlikely to succeed with a litigation funder.
A judge has approved a $155,000 settlement in a class action on behalf of investors in failed streaming platform Guvera which racked up $500,000 in legal fees, saying the case should never have been filed as a class action and didn't advance group members' interests "one iota".
King & Wood Mallesons could be dragged into a class action by commercial fishing operators against Gladstone Ports Corporation over a "colossal disclosure debacle" in which the late discovery of 39,000 documents derailed a planned September hearing.
The trustee of Mayfair Group's collapsed IPO Wealth Fund has reached an in-principle settlement in a class action alleging it misled investors, who lost $86 million when the fund was wound up.
Toyota could owe close to $2 billion in compensation to 260,000 car owners after a judge found that diesel filters installed in its Hilux, Fortuner and Prado models were defective and that the cars were sold for more than they were worth.
A marathon hearing of an application for court approval of a $98 million settlement in two 7-Eleven class actions has ended with a judge taking the rare step of signing off on the settlement amount while withholding approval of the legal costs and funding commission.
The Victorian Gambling and Casino Control Commission has commenced disciplinary proceedings against Crown Melbourne after a royal commission found the casino operator enabled the illegal transfer of funds from China.