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S&P entitled to Rolls-Royce defence in CDO class action: court
S&P is free to pay for a Rolls-Royce defence in "Rolls-Royce litigation" that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
Homes Victoria says recording reasons for tower demolition plan ‘superfluous’
Homes Victoria says the decision to demolish public housing towers in Melbourne -- now the subject of a class action -- took residents' human rights into account, but has no documents to show it.
Funder pulls out of WestConnex class action
The funder bankrolling a class action by residents allegedly displaced by the construction of the $16.8 billion WestConnex tunnel has abandoned the case.
Discovery led to funder dropping class action against Westpac unit
A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.
AAI class action wants to press mandatory insurance claim at trial
A 'junk' insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim -- absent a sample group member -- that car dealers made purchasing a policy necessary for a loan.
Trucking company facing class action over fatal train crash
A Queensland trucking company is facing a class action by owners of $2.4 million in cargo aboard a freight train that was derailed in a fatal collision with a truck on New Year’s Eve.
Flex commissions class action judge says expert evidence not for his ‘comfort’
Expert evidence is not meant to “provide a judge with comfort”, a judge has found in rejecting evidence from two experts in flex commissions class actions against Westpac and Macquarie.
Insurers in High Court fight over Opal Tower class action costs
The High Court has been asked to take up an appeal by insurers over coverage for the class action defence costs of Opal Tower's consultant engineer.
Optus denies cyberattack was not ‘highly sophisticated’
Optus has struck back at ACMA's claim that a cyberattack that exposed the information of around 10 million customers was not a "highly sophisticated" operation.
Reject Shop fights ’18 months of extra liability’ in underpayments class action
The Reject Shop is fighting an underpayments class action’s bid to reformulate its claims, which the discount retailer said could saddle with an extra 18 months of liability.