A judge’s decision refusing to approve a $42 million settlement in a shareholder class action against Murray Goulburn because of a “too high” funder’s commission has set the stage for a showdown over the power of courts to alter funding agreements, a battle potentially more consequential than the fight over common fund orders now before the High Court.
A judge has briefly stayed his $76.6 million judgment against IOOF subsidiary Australian Executor Trustees over the sale of a timber plantation by the collapsed Gunns Group as AET weighs an appeal of the ruling, which dismissed its cross-claim against law firm Sparke Helmore.
Law firm Bannister Law is probing a possible class action against Mazda after the automotive giant recalled tens of thousands of diesel vehicle models due to engine safety defects.
The Federal Government has lost a challenge raising discrimination concerns around a Fair Work Commission-approved enterprise agreement covering metropolitan firefighters in Victoria, with an FWC review panel finding its appeal lacked merit.
Lawyers behind four quasi representative proceedings against the liquidators of collapsed HIH Insurance have launched a bid to recoup the costs of their successful 18-year-long legal battle.
Flight Centre has agreed to hand over $252,000 in penalties after the consumer watchdog slapped the travel giant with infringement notices for holiday promotions that potentially duped customers.
A judge has dismissed three proceedings by shareholders against the liquidator of failed global financial services firm Babcock & Brown, in a finding that highlights “serious problems” with market-based causation and may have ramifications for securities class actions.
Cash Converters has agreed to pay $42.5 million to settle a class action brought on behalf of consumers that took out personal loans, after reaching a $16.4 million settlement last year in a class action over interest charged on short-term loans.
Agricultural giant Monsanto is facing a class action in Australia over the marketing of its Roundup weedkiller, after being hit with a landmark US$ 2 billion verdict in the United States.
A former general manager of Manpower Services has settled a lawsuit brought against the international recruitment company alleging he was unlawfully terminated for complaining about the performance of the company’s Experis brand.