Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with “overhyped” announcements about business contracts.
S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.
A Federal Court judge may rule as early as Friday on whether Volkswagen should be required to answer questions about alleged emissions defeat device software installed in more than 90,000 cars in Australia before the first trial kicks off next month.
A Federal Court judge has ruled the lead applicant in a Maurice Blackburn-led class action by Indonesian farmers against PTTEP Australasia must foot its opponent’s legal bill, despite winning its bid to bring the case outside the limitations period.
The Federal Court judge overseeing the sale of Billabong has set a March date for a meeting of shareholders to weigh the company’s proposed sale to surfwear rival Boardriders.
Slater & Gordon will face the Fair Work Commission in a dispute with the Australian Services Union after a “very unsatisfactory meeting” over the law firm’s restructuring plans.
Members of a class action against Slater and Gordon have until Tuesday to make their case against the $36.5 million settlement hammered out by Maurice Blackburn’s lawyers.