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Blue Sky founder may have insider trading claims over release of Glaucus report, judge says
Securities 2024-03-15 11:08 pm By Sam Matthews

Blue Sky’s founder and former managing director Mark Sowerby has won orders requiring a director of US hedge fund Glaucus to produce documents relating to claims the short-seller shared information with market participants before releasing a report which sent Blue Sky’s shares into a tailspin.

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Nine settles class action over Palm Island litigation coverage
Class Actions 2024-03-15 5:34 pm By Cindy Cameronne

Group members in a class action against Nine over its coverage of litigation related to the 2004 Palm Island riots will receive between $2,000 to $5,200 as part of a settlement reached to resolve the case.

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Epic Games trial could shake up how Google, Apple run app stores
Trials 2024-03-15 10:23 pm By Cindy Cameronne

An Australian court will get a chance to weigh in on whether Apple and Google violated their dominant position in the app marketplace by requiring developers to use their payment systems or face a 30 per cent fee, when trial kicks off Monday in Fortnite game maker Epic Games’ case and two related class actions against the tech giants.

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Court asked to sign off on 34% cut for group members in Wellard class action
Securities 2024-03-14 4:36 pm By Sam Matthews

A shareholder class action against livestock exporter Wellard is seeking approval for a $23 million settlement which will see only $7.86 million go to group members, telling the court that the funder and law firm that ran the case have agreed to take a haircut on the deductions they’re entitled to.

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AFL wants court to pause player’s suit in light of head knock class action
Sports 2024-03-14 3:18 pm By Cindy Cameronne

The Australian Football League has asked a court to stay an individual lawsuit brought by a “totally incapacitated” former Western Bulldogs player until a related class action on behalf of players who allegedly suffered brain injuries is decided.

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Union can take payout from any settlement in McDonald’s class action, says judge
Class Actions 2024-03-14 10:18 pm By Cindy Cameronne

A judge is planning to consolidate an employee class action and a union case against McDonald’s, saying the union can take a payout from any settlement, similar to how a funder receives a commission. 

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In victory for class action, High Court says Qld council must repay levies
High Court 2024-03-13 4:15 pm By Sam Matthews

The High Court has handed a win to a class action on behalf of Queensland ratepayers who were wrongly charged levies over a period of six years, rejecting the local council’s argument that the levies were put to good use.

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Law firms to join forces in class actions over risky CFDs
Class Actions 2024-03-13 9:06 pm By Cat Fredenburgh

A carriage fight may be avoided in a class action against Sydney broker International Capital Markets over risky contracts for difference after two law firms agreed to consolidate their cases.

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In class action defence, Blue Sky says EY has case to answer
Class Actions 2024-03-13 11:15 pm By Sam Matthews

Defunct investment firm Blue Sky has denied a class action’s claims that it misled shareholders ahead of its 2019 collapse and has pointed the finger at auditor EY.

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NSW government faces class action over prosecution of Indigenous fishers
Policy and Regulation 2024-03-12 4:13 pm By Cindy Cameronne

The New South Wales government has been hit with a class action alleging it discriminated against Indigenous communities on the south coast by prosecuting them for engaging in cultural fishing practices.

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