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Bondholders class action faced obstacles, but proving climate risk not one of them: judge
Class Actions 2023-10-13 11:53 pm By Cat Fredenburgh

A judge who signed off on a settlement in a class action against theĀ  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.

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Competing Qantas class action on the cards, court urges firms to avoid fight
Competition & Consumer Protection 2023-10-12 10:59 am By Cindy Cameronne

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 ā€œwasteful and expensiveā€.Ā 

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Competition class action against AGL Energy in doubt after funder exits
Energy & Natural Resources 2023-10-12 11:26 pm By Sam Matthews

The future of a competition class action against AGL Energy is in doubt after being abandoned by its funder, despite evading the energy supplierā€™s bid to dismiss the case.

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Settlement in sovereign bond class action gets court’s nod
Class Actions 2023-10-11 11:31 pm By Sam Matthews

A judge has approved the settlement of a class action brought on behalf of sovereign bondholders over the disclosure of climate change risks, despite a late scrap with the government over whether the deal puts a stop to future cases.

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Class action investigation underway into Cipro antibiotic
Class Actions 2023-10-11 3:30 pm By Sam Matthews

An Australian law firm is investigating a class action against drug manufacturers over a commonly prescribed antibiotic said to cause ā€œdisablingā€ side effects, including nerve damage and psychosis.

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ACCC gives green light to $18.7B acquisition of Origin Energy
Competition & Consumer Protection 2023-10-10 10:18 pm By Sam Matthews

The ACCC has approved the buyout of Australian energy giant Origin Energy, after finding that significant competition concerns were outweighed by the likely benefits to the country’s transition to renewable energy.

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Westpac hit with another superannuation class action
Class Actions 2023-10-09 11:56 pm By Cat Fredenburgh

Westpac has been hit with a class action for allegedly overcharging superannuation customers for insurance coverage, months after paying $30 million to settle a separate superannuation class action.

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High Court asked to revive Volkswagen airbags class action
High Court 2023-10-04 9:14 pm By Sam Matthews

A failed class action against Volkswagen over Takata airbags is seeking special leave from the High Court, arguing an appeals court was wrong to find a reasonable consumer would be comfortable with an airbag that posed a potential risk of rupture.

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United Petroleum says class action firm can’t ‘veto’ chats with group members
Franchises 2023-10-04 9:50 pm By Sam Matthews

United Petroleum, which is facing a franchisee class action over allegedly loss-making Pie Face stores, is resisting a plaintiff law firm’s bid for ā€œa right of vetoā€ over the petrol giant’s communications with group members, even those not represented by the firm.

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ASIC takes aim at payday lenders after court found they can’t dodge Credit Act
Financial Services 2023-10-03 11:37 pm By Cat Fredenburgh

The corporate regulator has again initiated proceedings against Gold Coast-based BHF Solutions and Cigno for allegedly providing credit without a licence after the lenders failed to convince the Full Court that their services fell outside the scope of the Credit Act.

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