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Westpac may get pulled into sports betting class action following AUSTRAC scandal
Class Actions 2020-01-06 3:58 pm By Miklos Bolza

A Sydney solicitor who was found liable for investor losses in a sports betting scheme masterminded by convicted conman Peter Foster may seek to shift the blame onto Westpac for the bank’s alleged failure to flag funds shifted offshore from the scheme.

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Vocus settles shareholder class action for $35M
Class Actions 2020-01-06 2:58 pm By Cat Fredenburgh

Vocus Group has agreed to settle a shareholder class action over a 2017 profit downgrade, with its insurers footing most of the bill to resolve the proceedings.

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‘Good practical sense’: Judge OKs taxi driver class action against Uber
Competition & Consumer Protection 2020-01-06 2:10 pm By Miklos Bolza

Uber has failed to put the brakes on a massive class action alleging the ride-sharing giant engaged in a conspiracy to steal business from taxi and limousine drivers across four states.

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Dam operators haven’t ruled out appeal in Queensland floods class action
Class Actions 2019-12-20 10:38 pm By Cat Fredenburgh

Dam operators Seqwater and Sunwater have not ruled out appealing a judgment that found they, along with the state of Queensland, were negligent in the 2011 floods in the Southeast region of the state that left over 2,000 homes destroyed.

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IMF drops fight over commission in settled Murray Goulburn class action
Class Actions 2019-12-20 9:33 pm By Miklos Bolza

Litigation funder IMF Bentham has thrown in the towel in a battle over its cut of a $42 million settlement in a class action against dairy cooperative Murray Goulburn, accepting the Federal Court’s proposed 25 per cent commission rate after initially seeking 32 per cent.

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CIMIC settles shareholder class action over corruption disclosures
Class Actions 2019-12-20 1:17 pm By Cat Fredenburgh

Engineering services company CIMIC has agreed to settle a long-running shareholder class action launched in the wake of media reports of an alleged $42 million bribe paid by the firm to win a lucrative oil contract.

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Judge fines Volkswagen $125M after slamming ‘manifestly inadequate’ ACCC settlement
Competition & Consumer Protection 2019-12-20 11:45 am By Miklos Bolza

A Federal Court judge has slapped Volkswagen with a record $125 million penalty over its emissions cheating scandal after expressing outrage at a “manifestly inadequate” $75 million settlement agreement reached with the Australian Competition and Consumer Commission.

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Reports of death of common fund orders greatly exaggerated
Analysis 2019-12-19 11:46 pm By Christine Caulfield

Common fund orders in federal class actions could live to see another day, the Federal Court has indicated in new guidance to be released Friday, which swiftly responds to a recent judgment by the High Court that appeared to spell their doom.

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Judge OKs $190M stolen wages class action settlement, says funder’s cut fair
Class Actions 2019-12-19 11:33 pm By Christine Caulfield

Calling it the largest human rights case in Australia’s history, a judge has signed off on a $190 million settlement in a class action against the State of Queensland and approved the funder’s 20 per cent cut of the proceeds.

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Class wins access to Appco insurance docs in sham contracting case
Employment 2019-12-19 10:18 pm By Cat Fredenburgh

Appco has agreed to hand over insurance policy documents to the lead applicant in a $90 million sham contracting class action, amid concerns about the dire financial state of the fundraising company as the matter moves towards mediation.

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