An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
A judge has rejected calls to keep confidential the details of professional misconduct claims against the funder and lawyers behind the Banksia Securities class action, in a ruling that revealed that investors of the collapsed lender could recover $30 million more if allegations against the legal team are established at trial.
A judge has ruled in favour of live exporters in a class action against the Federal Government, finding a total ban on live cattle exports to Indonesia in 2011 was “capricious and unreasonable”.
While companies and organisations have been given wide latitude to present their views to the new class action inquiry, submissions by independent professors are on a page-limit, further fueling speculation about the motives behind the Morrison government’s latest review.
Seismic changes are set to lead to fundamental changes in the economic feasibility and incentives of the various stakeholders involved. The option to charge contingency fees on class actions will provide the commercial imperative for adopting tried and tested advanced technologies and working practices on class action matters, says James Moeskops of Sky Discovery.
Treasury Wine Estates will seek to shut down a shareholder class action brought by Maurice Blackburn after accusing the law firm of breaching its obligations and using documents from a prior lawsuit against the global wine distributor in the current proceedings.
A court has dismissed a “harsh and draconian” class closure order sought by German cladding manufacturer 3A Composites in a class action against it over allegedly combustible cladding.
The Morrison Government will refund Centrelink recipients $721 million in debts paid as part of the controversial Robodebt scheme at the centre of a class action, a move lawyers for the class called an “unprecedented admission”.
The settlement of two shareholder class actions against sandalwood producer Quintis has been delayed for a second time, as the parties continue to investigate the company’s eleventh-hour revelation that it may have extra insurance, which, according to the lawyers of one class action, could be worth $46 million to group members.
The prefab concrete company dragged into a class action over the ill-fated Opal Tower has launched its own legal volley against the engineering consultant behind the building design.