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Commercial and class action firm Banton Group is investigating a shareholder class action against embattled technology company Nuix in relation to its pre-IPO disclosures which could also ensnare shareholder Macquarie and its executives, auditor PricewaterhouseCoopers and the joint lead managers on its float.
A judge has refused to sign off on $13.8 million in fees sought by law firm Maurice Blackburn as part of a $44.5 million settlement in a class action against Woolworths, saying the amount was "intuitively out of the range" of what was a reasonable legal bill for the case.
A record number of class actions were filed in the past year but shareholder class actions, which have been the primary target of the federal government's attack on the class action regime, have decreased in significance, says Professor Vince Morabito.
Crown Resorts will fight to strike out allegations in a class action that the casino operator was liable for "oppressive conduct" under the Corporations Act, saying there was no legal basis for making the claims and no articulation by the class as to how the company engaged in the conduct.
Melbourne hospital operator Western Health is facing a potential class action by junior doctors alleging they have been denied overtime pay, the third underpayments class action to be filed by doctors in Victoria.
Maddens Lawyers is investigating a potential class action over the Mount Mackenzie Road fire in Tenterfield, NSW, allegedly caused by power lines operated by Essential Energy.
Homeowners in a Western Sydney suburb have filed a NSW Supreme Court class action against the local council, a developer and geotechnical engineers seeking compensation over homes they claim are sinking into the ground.
The lead counsel in class actions against AMP and Vocation and a silk who worked on the landmark Black Saturday bushfire class actions are the latest judicial appointees to the Victoria Supreme Court, boosting the class action chops of the court’s bench.
Kia Motors is facing an investigation into a possible class action on behalf of car owners whose vehicles were recalled due to the risk that they could catch fire when parked.
The cash-strapped litigation funder that initially agreed to bankroll a class action against Westpac over life insurance premiums will not earn a cent in commission under a proposed $30 million settlement.