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IC Markets CEO hit with guillotine orders for filing defence
Class Actions 2024-12-19 3:40 pm By Andy Sidler

A judge has set a final deadline for the CEO of International Capital Markets to file his defence in a class action over risky contracts for difference.

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Lawyers for Banksia class action funder face possible court action
Legal Ethics 2024-12-18 11:28 pm By Christine Caulfield

The firm that represented the funder of the notorious Banksia class action faces potential proceedings by a group of debenture holders. Meanwhile, Banksia’s receiver wants a court direction that he is justified in not pursuing the lawyers.

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Boral wins challenge to CEO cross-examination in class actions
Class Actions 2024-12-18 4:43 pm By Cindy Cameronne

Boral has won a legal challenge to its former CEO facing cross-examination in a shareholder class action trial over an email referring to a confidential EY report. 

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CIMIC settles shareholder class action for $45.25M
Securities 2024-12-18 6:25 pm By Andy Sidler

CIMIC has agreed to pay $45.25 million to settle a shareholder class action alleging it failed to properly inform the market about its investment in a Middle East company. 

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Melbourne law firm argues 700 clients can’t sue for negligence in class action
Class Actions 2024-12-18 5:33 pm By Cindy Cameronne

A law firm facing a representative proceeding for allegedly giving negligent advice to 700 survivors of institutional child sexual abuse is seeking to strip the case of class action status.

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Slashing funder’s stolen wages cut could deter public interest cases, court told
Class Actions 2024-12-17 11:59 pm By Sam Matthews

Funder LLS has urged the court to approve its 20 per cent cut of a $202 million settlement in a stolen wages class action, saying that reducing the “bottom end” rate could deter investments in public interest class actions.

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Law firm files first class action over Google’s ad tech dominance
Class Actions 2024-12-17 8:55 am By Christine Caulfield

One law firm has beaten two others to court in pursuing Google for allegedly abusing its dominance in online advertising.

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Maurice Blackburn’s class action risk too high to duck security, court told
Class Actions 2024-12-16 11:27 pm By Andy Sidler

Maurice Blackburn should provide $1.77 million in security in a class action over add-on insurance because the firm faces high risks in other class actions which could affect its ability to cover an adverse costs order, a court has heard.

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Class action filed over jumping castle tragedy in Tasmania
Class Actions 2024-12-16 10:41 am By Cindy Cameronne

The state of Tasmania and party supply company Taz-Zorb are facing a class action over the 2021 jumping castle tragedy that killed six children. 

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Mesoblast class action settlement wins court OK
Class Actions 2024-12-16 11:17 pm By Christine Caulfield

A court has approved a $26.5 million settlement in a shareholder class action against regenerative medicine company Mesoblast.

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