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A class action has failed to prove that Alucobond panel manufacturer 3A Composites and supplier Halifax Vogel misled consumers about the allegedly flammable cladding and breached consumer guarantees.
Construction PRO
A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about allegedly flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring that it was safely used.
A class action against Allergan over recalled breast implants has asked a court to slash parts of the US pharma company’s defence, saying they are "incoherent".
A class action against CMC Markets got the go-ahead Thursday to add new claims in its case centred on risky financial products, after trawling through 27,000 documents produced by the trading platform.
Online trading platform Plus500 is challenging a court ruling that investors who lost money on highly leveraged contracts for difference can proceed with their class action despite signing arbitration clauses.
A law firm partner working on a shareholder class action over the collapse of Blue Sky Alternative Investments has faced cross-examination by counsel for auditor EY over alleged delays in seeking to amend the case.
Construction PRO
A judge has called the conduct of the director of property group Vantager “breathtaking” in its “brazen dishonesty” after he misappropriated $33 million from a $45 million property sale with the help from his accountant.
Plus500 has lost its bid to permanently stay a class action by investors who lost money trading in highly leveraged financial products, with a court finding that the arbitration clause relied on by the online trader was unfair and void.
The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.
The shareholder leading a class action against failed fund manager Blue Sky Alternative Investments has lost a bid for a split trial it accepted was novel, despite arguing the usual course for trials in securities cases was "misconceived".