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Insurers appeal ruling putting them on hook for Opal Tower class action costs
Appeals 2023-11-29 11:27 pm By Cat Fredenburgh

The Full Court will weigh in on whether Opal Tower engineer WSP was excluded from builder Icon’s policy coverage for subcontractors and should cover it own class action costs.

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New law firm takes the reins in Westconnex class action
Class Actions 2023-11-28 11:31 pm By Cat Fredenburgh

A new law firm has taken over from Quinn Emanuel in a class action against Transport for NSW over the alleged fraudulent acquisition of land to construct the $16 billion Westconnex tunnel in Sydney, after the mystery funder that’s backing the case lost its bid to avoid security.

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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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