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Top Squire Patton Boggs’ litigator defects to launch boutique firm
People In The News 2020-02-07 3:15 pm By Cat Fredenburgh

A leading class action and insolvency litigator at Squire Patton Boggs is leaving the firm to launch a boutique outfit with plans to shake up the legal industry, including by bringing class actions on a contingency fee basis.

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Chinese investors can offload property, recoup losses from failed investment scheme
Real Estate 2020-02-06 3:05 pm By Miklos Bolza

A Gold Coast development property procured through a settlement with a Sydney-based financial advisory firm facing two separate class actions can be sold to recoup losses by investors who sank over $14 million into a property investment scheme, a court has found.

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Sydney light rail case ‘wholly unsuitable’ as a class action, Transport for NSW tells court
Class Actions 2020-02-06 1:44 pm By Miklos Bolza

The NSW government has flagged a possible challenge to a class action over Sydney’s $3 billion delayed light rail project as the four-week trial scheduled for June is pushed back another year to allow time for more discovery.

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Treasury Wine Estates faces another class action investigation
Class Actions 2020-02-05 9:36 am By Cat Fredenburgh

Maurice Blackburn has become the second law firm to consider a shareholder class action against Treasury Wine Estates over a recent earnings downgrade.

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Vocus class action to seek first common fund order since High Court ruling
Class Actions 2020-02-04 7:23 pm By Christine Caulfield

The funder behind the recently resolved shareholder class action against teleco Vocus will ask a judge to make a common fund order at a hearing to approve a $35 million settlement of the case, the first common fund order since the High Court appeared to put the kibosh on them.

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Class action alleges 7-Eleven made franchisees use Metcash-owned vendor
Class Actions 2020-02-04 6:37 pm By Cat Fredenburgh

A class action brought against 7-Eleven claims the convenience store chain ordered franchisees to purchase goods from supplier C-Store so that 7-Eleven could meet its obligation under a contract with the Metcash-owned supplier.

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US class action firms pounce on Westpac
Class Actions 2020-02-03 2:08 pm By Cat Fredenburgh

Westpac is now facing at least eight class actions in various US courts seeking $200 million from the bank for allegedly failing to alert shareholders to violations of anti-money laundering laws.

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Myer shareholders get second chance to prove loss in class action
Class Actions 2020-02-03 1:15 pm By Christine Caulfield

After failing to persuade the court at trial, shareholders in a class action against Myer have another chance to prove they suffered financial loss after the department store was found to have repeatedly neglected to correct an inflated profit forecast from former CEO Bernie Brookes five years ago.

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Judge gives law firms 3 weeks to join a Westpac class action beauty parade
Class Actions 2020-01-31 9:48 pm By Christine Caulfield

A judge overseeing the first of what could be many shareholder class actions over Westpac’s anti-money laundering breaches — brought by class action specialists Phi Finney McDonald — has given other law firms a three-week deadline to notify the court if they plan to file competing proceedings.

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US class action targets Westpac execs over AUSTRAC scandal
Class Actions 2020-01-31 4:08 pm By Cat Fredenburgh

Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than 23 million occasions, in the first lawsuit to point the finger at the company’s executives.

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