Two failed class actions against CBA claim a judge used a āfar too onerous testā for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems.Ā
The ASX has denied ASIC’s claims that it misled about the progress of the replacement project for its CHESS share registry, saying it had a reasonable basis for stating the project was on track.
A concurrent group proceeding in Hong Kong could complicate an Australian class action against Perth-based forex trader Best Leader Markets Pty Ltd.
Coles and Woolworths have been hit with class actions on the back of ACCC proceedings alleging the grocery giants misled consumers with false discounts.
The law firm running a class action against Exactech over allegedly faulty joint implants is facing the “impossible task” of settling the case by January, the “drop dead” deadline for resolving the claim under its US parent company’s restructuring.
Australia’s competition watchdog is concerned Cleanaway’s proposed acquisition of Citywide could reduce competition in the waste management sector.
A judge presiding over two competing class actions against Harvey Norman has granted the lawyers more time to confer on whether they can reach a deal to run the cases together.Ā
The consumer regulator is planning lawsuits over misleading advertising by businesses targeting National Disability Insurance Scheme participants.
Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million.Ā
Australia’s consumer regulator has found that domestic airline customers are facing less choice and higher prices following the collapse of regional airline Rex.