The High Court’s ruling Wednesday that judges have no power to issue a common fund order in the initial phases of a class action does not bind them after a settlement has been reached, a Federal Court judge said Friday.
A key witness from JPMorgan previously contested claims by the ACCC that a key component of an alleged cartel arrangement between four major banks around a $2.5 billion institutional share placement by ANZ was actually an ‘agreement,’ as opposed to a series of independent decisions, a court has heard.
Two months after rejecting the deal because the litigation funder’s cut appeared excessive, a judge has approved a $42 million class action settlement with Murray Goulburn while the funder keeps up the fight over its commission.
A judge has agreed to put the brakes on a group of class actions over defective Takata airbags as the litigation funder backing the cases considers its position in the wake of the High Court’s ruling on common fund orders.
A judge has given the green light to a $1.5 million settlement in a long-running class action against ANZ alleging it slapped customers with illegal fees, with group members expected to get no more than $100 and potentially walking away with “substantially less” than this.
Burger chain MOS Burger Australia has paid $1.12 million in outstanding wages owed to former workers, following an investigation by the Fair Work Ombudsman.
There is a “reasonable chance” that two shareholder class actions against failed electronics retailer Dick Smith will settle by February of next year, group members have learned.
The Federal Court has imposed a higher-end penalty of $270,000 on the CFMEU and three officers for site obstruction, saying the union has “significant resources” and has demonstrated a “willingness to contravene industrial laws in a serious way”.
Two key witnesses from JPMorgan have been grilled by lawyers for three major investments banks named in a high-stakes criminal cartel case as the banks seek to cast doubt on how the ACCC gathered evidence during its almost two-year cartel investigation.
The construction company behind Sydney’s Opal Tower has filed a cross claim seeking $30 million from structural architect WSP Structures over its allegedly faulty building design.
A judge has rejected an application sought by the plaintiffs in two recently settled class actions against online shopping retailer SurfStitch to keep an independent […]
Melbourne-based fintech company ISignthis is taking the Australian Stock Exchange to court for refusing to lift the suspension of its shares and allegedly digging for […]
Coles has agreed to pay about $5.25 million to dairy co-operative Norco after an investigation by the Australian Competition and Consumer Commission found the supermarket […]