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IOOF faces action by APRA, potential shareholder lawsuit
Financial Services 2018-12-07 10:51 pm By Christine Caulfield

Australia’s financial regulator is seeking to have top executives and directors of IOOF disqualified from acting as superannuation trustees, the watchdog said Friday, as Shine Lawyers revealed it has been investigating a possible class action against the financial services firm for a year.

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Contractors may be dragged into Sydney light rail class action
Class Actions 2018-12-07 10:09 pm By Miklos Bolza

The NSW Government is mulling cross-claims against construction firms ALTRAC and Acciona in a class action alleging the government failed to minimise disruptions from the Sydney light rail project.

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Slater & Gordon looks to bow out of AMP class action beauty parade
Class Actions 2018-12-07 9:55 pm By Miklos Bolza

And then there were four. Plaintiffs law firm Slater & Gordon wants to consolidate its AMP shareholder class action with Maurice Blackburn’s case and hand over the reins to its rival, a deal signed the day the Full Federal Court affirmed the power of judges to shut down competing class actions.

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Insurance broker JLT hit with class action over excessive premiums
Class Actions 2018-12-07 1:01 pm By Cat Fredenburgh

Quinn Emanuel has hit global insurance brokerĀ Jardine Lloyd Thompson with a class action for allegedly charging local councils in NSW hundreds of millions of dollars in excessive premiums over the past nine years, and the firm says there may be more lawsuits on the horizon.

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Battle to lead AMP action begins, and class members already winners, court told
Class Actions 2018-12-06 10:55 pm By Miklos Bolza

The showdown between five law firms vying to lead a class action over the AMP fees for no service scandal kicked off in the NSW Supreme Court Thursday with counsel for one case saying the contest, although costly and consuming, would ultimately be a win for all class action participants.

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As AMP royal commission witness retires, class action parade begins
Class Actions 2018-12-05 10:35 pm By Christine Caulfield

AMP’s advice executive Jack Regan, the witness who aired the firm’s fees-for-no-service dirty laundry at the Royal Commission, has retired, a day before five law firms compete to lead a class action over the scandal.

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Class action over botched breast surgery survives declassing bid
Class Actions 2018-12-04 3:15 pm By Christine Caulfield

A chain of cosmetic surgery clinics has lost its fight to have a class action of over 200 patients allegedly injured by botched breast augmentation surgery discontinued as a representative proceeding.

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Queensland flood class can add evidence after ‘trial by ambush’
Class Actions 2018-12-04 1:37 pm By Cat Fredenburgh

A judge overseeing the marathon hearing in the class action over the 2011 Queensland floods has allowed the lead applicant to submit further evidence after it claimed defendant Seqwater engaged in “trial by ambush”.

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CBA open to consolidation of dual class actions
Class Actions 2018-12-04 12:11 pm By Miklos Bolza

The Commonwealth Bank of Australia is open to a proposal to consolidate two shareholder class actions filed over alleged breaches of anti-money laundering and counter-terrorism laws, but will address any “devil in the details”, a lawyer for the bank told a court Tuesday.

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Ernst & Young says previous Quintis auditor should share any blame
Class Actions 2018-12-03 11:08 pm By Christine Caulfield

Accounting giant Ernst & Young, which is accused in a class action of misleading and deceptive conduct in signing off on the 2015 and 2016 financial reports of sandalwood producer Quintis, has named the company’s previous auditor as partly to blame in any finding of liability.

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