BHP has been hit with a shareholder class action over the deadly Samarco mine disaster that wiped off $25 billion from the share price of the mining giant.
The fate of class actions against Volkswagen in the sprawling Australian case over the car maker’s diesel emissions cheating scandal will be the subject of a major court battle starting Wednesday.
Leading fundraising company Appco Australia Group is challenging a judge’s decision to let a $85 million wage case move forward as a class action.
Law firm Squire Patton Boggs is appealing a ruling that permanently stayed its case against technology startup GetSwift in favour of a competing class action.
In the wake of a major ruling approving a wage class action against fundraiser Appco, more “sham” contracting suits were launched Monday, this time against two international direct marketing companies.
Commonwealth Bank of Australia will pay $700 million to settle claims of lax anti-money laundering oversight.
Class action lawyers should be able to enter into contingency fee arrangements, the Australian Law Reform Commission said Thursday as part of proposals to reform the country’s much maligned class action regime.
The litigation funder behind the Federal Court’s precedential ruling that established the first common fund order in an Australian class action has secured a $30.75 million payout in the case.
If Shine Lawyer’s upper damage estimate of $259 million is correct, the funder backing the Westpac life insurance class action would be entitled to a “windfall” of $77 million, the bank told the Federal Court Tuesday.
A Federal Court judge on Friday reluctantly approved a $12 million settlement in the long-running class action against Bank of Queensland, saying it left almost nothing for those affected by the notorious Sherwin Ponzi scheme.