Class Actions
Class action probe claims $1B ‘wipeout’ from Keystone, Falcon funds
A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of "catastrophic" losses.
Class Actions
The Reject Shop says it shouldn’t be on hook for class action’s ‘basic legal error’
The Reject Shop is fighting a class action applicant’s bid to reconstitute an “empty” class in an underpayments case, saying it shouldn't be on the hook for tens of millions in claims because of a “basic legal error” by the applicant’s lawyers.
Class Actions
BHP worries about class action rewriting case after misinterpreting report
BHP has pushed back on reply submissions in a shareholder class action which the energy company says mistakenly interpret an internal report as putting the risk of collapse of BHP's wastewater dam in Brazil at 25 to 50 per cent.
Appeals
Quintis class action says disclosure-linked share price drop ‘common sense’
The judge who tossed a class action by Quintis' shareholders should have found a restatement of assets would have materially affected the sandalwood company's share price "as a matter of common sense", a court has been told.
Analysis
ICJ decision opens door to more innovative climate litigation, experts say
A decision this week from the International Court of Justice holding countries have an obligation to protect the climate from greenhouse emissions will open the door to innovative climate litigation, experts told Lawyerly.
Sports
Bulldogs can’t escape jury trial in second fan abuse case
The Western Bulldogs football club has lost its bid to avoid a jury trial in a second lawsuit by a fan alleging he was sexually abused as a boy by a club volunteer in the 1980s.
Employment
Piper Alderman faces unfair dismissal suit by senior associate
Piper Alderman, a litigation partner and the firm's head of human resources are facing a lawsuit by a former senior associate who alleges she was unfairly dismissed and that the firm breached its work, health and safety duties.
Cryptocurrency
ASIC loses appeal in crypto case against Finder
The Full Court has rejected ASIC's appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
Class Actions
Westpac can shield Allens docs in money laundering class action
Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
Construction
Contractors dragged into Deakin University’s suit against Hansen Yuncken
A number of contractors have been added by builder Hansen Yuncken to a $14.3 million dollar lawsuit by Deakin University over alleged building defects at its Burwood campus.
