ASIC has brought enforcement action against Vanguard Investments Australia, accusing the investment firm of misleading claims that its ethically conscious hedge fund screened securities for their environmental, social and good governance bona fides.
Despite a judge’s complaint that class action costs are generally “out of control”, the law firm that secured a $192.5 million settlement and earned about $25 million in fees in the Montara oil spill case has won approval for more fees — these ones incurred in a hearing to determine how the settlement spoils should be divided.
Uber and the applicants in class actions against the car service will head into mediation later this year, and only group members who sign up to join the cases will get a chance to share in the proceeds of any settlement that results from the talks.
A senior public servant behind the Robodebt fiasco is one of the first heads to roll following the findings of a royal commission into the illegal debt recovery scheme devised by the previous federal government to claw back welfare overpayments.
A junior doctor representing thousands of medical officers in NSW has thwarted an application by the state to declass her group proceeding, with a judge saying a “single determination” of the issues common to all group members was the most efficient way of resolving them.
A court has signed off on a settlement in a six-year-old class action against mining services company Thiess by fly-in fly-out workers recruited for construction of a Woodside Energy LNG plant in WA’s Pilbara region.
The High Court has rejected an appeal by a mortgage broker in a saga stretching back a decade, when the corporate regulator imposed a lifelong ban against the broker for failing to disclose a conviction on his credit licence application.
A class action against AGL Energy alleges the Big three energy supplier’s adoption of “gaming” strategies in the supply of electricity in South Australia led to anomalous price spikes in the state.
Notional GST payments by local councils under an intergovernmental agreement with the Commonwealth are a voluntary act, not an impermissible tax in breach of the Constitution, the High Court has ruled.
The former chief financial officer of Big Un has become the third person to be charged with insider trading connected to shares in the defunct video producer.