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Ruby Princess class action rejected $15M settlement offer, court told
Class Actions 2024-02-05 4:11 pm By Cindy Cameronne

Cruise ship operator Carnival PLC has flagged a bid for indemnity costs after the lead applicant in a class action over a COVID-19 outbreak aboard the Ruby Princess rejected a $15 million settlement offer.

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Class action investigation targets Magnis Energy, auditor Hall Chadwick
Securities 2024-02-05 4:42 pm By Cindy Cameronne

A law firm is investigating an shareholder class action against lithium battery producer Magnis Energy Technologies and auditor Hall Chadwick after its share price plummeted to four cents late last year.  

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Cattle exporter Wellard settles shareholder class action for $23M
Class Actions 2024-02-02 3:01 pm By Cindy Cameronne

A shareholder class action against livestock exporter Wellard over a profit downgrade following its $300 million initial public offering in 2015 has settled for $23 million. 

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Court approves $4.5M settlement in fire class action
Class Actions 2024-02-02 11:15 pm By Sam Matthews

A judge has approved a $4.5 million settlement in a class action over a fire allegedly ignited by welding work in rural NSW, despite a handful of objections from group members. 

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‘Very large indeed’: DePuy class action settlement administration costs top $13M
Class Actions 2024-02-01 5:43 pm By Sam Matthews

A judge has signed off on a bill that brings the total settlement administration costs in a class action against Johnson & Johnson unit De Puy to over $13 million, amid a push by some judges to open the settlement administration gig up to competition.

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COVID-19 aged care class actions put on ice pending criminal trials
Class Actions 2024-02-01 3:40 pm By Sam Matthews

Still in the dark about insurance coverage and seeking to stem the flow of cash, two class actions against Heritage Care and St Basil’s over COVID-19 outbreaks have been shelved pending the outcome of criminal cases against the Victorian aged care providers, in a decision the judge said “wouldn’t gladden the hearts of group members”. 

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Boral shareholders can run ‘novel’ case on loss in disclosure class action
Class Actions 2024-02-01 5:26 pm By Cindy Cameronne

Construction giant Boral has lost its bid to block a class action from running a ‘novel’ argument that shareholders suffered loss because of natural fluctuations in share price, rather than as a direct result of alleged continuous disclosure breaches. 

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Picking class action winner on strength of law firm’s experience entrenches dominance, appeal says
Class Actions 2024-01-31 11:24 pm By Christine Caulfield

A law firm that lost a contest to run a class action against Toyota unit Hino has appealed a decision to give the case to a larger rival based on past experience, saying the ruling would act as a deterrent to smaller firms wanting to enter the market for group proceedings.

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As Roundup trial wraps up, Monsanto says class action has ‘finger on scales’
Trials 2024-01-30 5:48 pm By Sam Matthews

Defending allegations that its popular weed killer Roundup is carcinogenic, agrochemical giant Monsanto has accused the class action of having its “finger on the scales” when presenting scientific evidence to the court.

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Franchisee class action against Hog’s Breath Cafe thrown out
Class Actions 2024-01-30 5:25 pm By Cindy Cameronne

A judge has dismissed a franchisee class action against the Hog’s Breath Cafe restaurant chain after the lead applicants failed to hand over $1.23 million in security for costs.

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