Citibank has argued group members should be asked to sign on to a class action accusing five major banks of entering a cartel agreement to rig foreign exchange rates before evidence is filed in the case, saying it was impossible to know how much the claims were worth.
A judge has signed off on a $18.5 million settlement in a six-year-old shareholder class action against Deloitte over its audits of collapsed construction group Hastie, saying the amount might be “disappointing” to group members but reflected the risks of going to trial.
A judge asked to approve an $11 million settlement in a class action against retirement village provider Aveo is considering a proposal by court-appointed contradictors to set aside a percentage of the sum for group members, which would leave the law firm running the case $2 million out of pocket.
A judge has questioned a challenge by two class actions against Victorian aged care providers to a ruling that rejected their bid for insurance and financial information, which the defendants argue would have far-reaching implications.
Qantas has dropped its bid to acquire Brisbane-based regional airline Alliance Aviation Services, saying a court battle with the competition regulator would be complex and costly.
The law firm that’s running a franchisee class action against United Petroleum over allegedly loss-making Pie Faces stores has has won its bid to peek at draft communications the oil giant wants to send to group members.
A self-represented applicant is challenging the permanent stay of his competition class action against Google and Meta over the digital companies’ decision to ban cryptocurrency ads.
The High Court has granted special leave to farmers in a class action against Advanta Seeds over allegedly contaminated product to challenge a court’s finding that a disclaimer nullified the company’s duty to protect growers against economic loss.
A judge who signed off on a settlement in a class action against the government by sovereign bondholders over the disclosure of climate risks said proving climate change posed a risk to government coffers may not be as difficult as the government has claimed.
A second law firm is likely to throw its hat in the ring to run a competing class action against Qantas over flight cancellations in the COVID-19 pandemic, but a judge has made orders trying to side-step a carriage fight, criticising them as “wasteful and expensive”.