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GetSwift’s defence says Squire Patton Boggs partly liable
Class Actions July 17, 2018 5:45 pm By Christine Caulfield

In what is believed to be an unprecedented move, logistics tech startup GetSwift has named law firm Squire Patton Boggs as a “concurrent wrongdoer” in the company’s defence of a shareholder class action.

Provident receivers may face objections over PwC merger
Class Actions July 16, 2018 5:45 pm By Cat Fredenburgh

The judge overseeing the administration of Provident Capital has invited debenture holders to object to the company’s receivers staying on after their firm completes its merger with PricewaterhouseCoopers, Provident’s former auditor which has also been named as a cross-defendant in two class actions over Provident’s collapse.

AMP class action lawyers agree to ceasefire in jurisdictional war
Class Actions July 13, 2018 8:47 pm By Christine Caulfield

Lawyers in the turf war over five competing AMP class actions have agreed to a temporary peace accord after the battleground edged close to the realm of the absurd, with a threatened anti-anti suit injunction being met with calls for an anti-anti-anti suit injunction.

Expert report debunks myth of Australian class action boom
Exclusive July 12, 2018 6:16 pm By Christine Caulfield

Australia is not the haven for class actions that critics have claimed, according to a new report that shoots down the notion that the country is just behind litigation-happy US when it comes to targeting corporations in court.

Quintis cases latest battleground over competing class actions
Class Actions July 10, 2018 10:05 pm By Miklos Bolza

Multiple class actions against troubled sandalwood oil producer Quintis will soon compete to stay alive after a court heard Tuesday the company would bring an application to stay or consolidate the cases.

Provident Capital class actions near trial date
Class Actions July 10, 2018 11:58 pm By Cat Fredenburgh

A trial is set to kick off at the end of July in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.

AMP judge won’t move state class action to Federal Court
Justice James Stevenson July 9, 2018 4:43 pm By Christine Caulfield

A NSW Supreme Court judge refused Monday to move one of five class actions filed against AMP to Federal Court, and invited law firms for the other four actions to join the case in the state court.

ASIC asks Westpac: What happened to Colin ‘the Rat’ Roden?
Financial Services July 9, 2018 11:07 pm By Christine Caulfield

The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin ‘the Rat’ Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.

Commonwealth Bank class tries to fix ‘pleading deficiencies’
Class Actions July 9, 2018 11:24 pm By Cat Fredenburgh

The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank’s systems for assessing money laundering and terrorism financing risk were deficient.

Firms abandon planned class actions against Retail Food Group
Franchise July 4, 2018 9:35 pm By Christine Caulfield

Law firm Maurice Blackburn has dropped plans for a class action against Retail Food Group alleging the franchisor misled shareholders about the long-term viability of its business model.