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A class action against Johnson & Johnson over allegedly carcinogenic talcum powder still can't say whether it has sued the correct entities and wants the company to sift through 100 years of corporate history to save it from playing "whack-a-mole".
Trading platform Plus500 has taken its challenge to an investor class action to the High Court, after an appeals court upheld a finding that an arbitration clause in its terms and conditions was unfair.
The Full Court has rejected trading platform Plus500's bid to stay a class action by investors who lost money on highly leveraged contracts for difference in light of an arbitration clause in its terms and conditions, upholding a finding that the clause was an unfair contract term.
A judge has approved a $22.5 million settlement in a class action against two former CBA wealth management units, under which group members will receive just $5.12 million and the lawyers and funder will receive the lion’s share.
A judge has suggested there may be merit in waiting for Johnson & Johnson to file a defence before deciding an application for a group costs order in a class action accusing the company of selling defective, carcinogenic talcum powder.
A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.
People don't read terms and conditions when signing up to online services, an appeals court judge has told trading platform Plus500, which says the applicant in a class action is bound by an arbitration clause in its user contract.
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.
CMC Markets has avoided production of unredacted solicitors' invoices to support a bid for $8.6 million to cover costs in a class action, despite the applicant arguing the trading platform's legal team was "top-heavy” and the security application unprecedented.
The lead shareholder in class actions against CBA has urged the High Court to take a "common sense" approach to loss causation in securities cases, as endorsed by the Full Federal Court in last month's ruling for Worley's investors.