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BHP class action fights ruling limiting group size
Appeals 2023-11-28 1:44 pm By Cat Fredenburgh

A class action against BHP over the collapse of a Brazilian dam has appealed a judgment that found shareholders who did not purchase their stock on one of the three exchanges on which the mining giant is listed are excluded from the case.

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Optus appeals decision exposing Deloitte report to class action glare
Class Actions 2023-11-27 10:12 am By Christine Caulfield

Optus has lodged an appeal of a judgment that found the teleco could not claim legal professional privilege to shield from a class action a report by consulting giant Deloitte into last year’s major data breach.

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Still no funder for AGL class action, but dismissal not a done deal
Competition & Consumer Protection 2023-11-27 2:49 pm By Sam Matthews

A judge has given a competition class action against AGL Energy another chance to secure funding, but imposed a “drop dead date” by which the proceeding will be dismissed if no funder is found.

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Online trader Plus500 faces another class action over risky CFDs
Financial Services 2023-11-27 1:16 pm By Christine Caulfield

London-headquartered online trader Plus500 has been hit with a second class action by investors who lost money trading in highly leveraged financial products.

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Investors lost $500M trading CFDs, new class action alleges
Financial Services 2023-11-27 11:04 am By Cat Fredenburgh

Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.

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CBA reaches settlement in 7-year-old class action by borrowers
Class Actions 2023-11-24 2:43 pm By Cindy Cameronne

A protracted class action against the Commonwealth Bank of Australia brought by borrowers who claimed they were forced to default on their commercial loans has finally settled, a court has heard. 

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Firm’s fees in Boston Scientific class action OK’d, 8 months after settlement gets nod
Class Actions 2023-11-24 11:34 pm By Christine Caulfield

A judge has signed off on almost $7.5 million in fees billed by the law firm behind the pelvic mesh class action against Boston Scientific, eight months after he approved the device maker’s $105 million settlement.

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AMP to pay $100M to settle BOLR class action
Class Actions 2023-11-23 1:58 pm By Cat Fredenburgh

AMP has agreed to pay $100 million to settle a class action by financial advisers over its buyer of last resort policy, after suffering a loss at trial.

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United class action wants to add commission agents, join parent company
Class Actions 2023-11-23 11:35 am By Christine Caulfield

A franchise class action against United Petroleum has asked a court for leave to expand the class action to include a group of commission agents and to add the oil company’s parent as a third defendant.

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KPMG asks High Court again to hear class action transfer fight
Class Actions 2023-11-22 11:25 pm By Christine Caulfield

Accounting firm KPMG has asked the High Court for a second time to weigh in on the relevance of a contingency fee order made in a Victoria Supreme Court class action to its bid to transfer the case to NSW.

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