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Marsh points finger at UBS in $7B Greensill cases
Financial Services 2025-05-27 11:24 pm By Cindy Cameronne

Insurer Marsh has fired off a cross-claim against Swiss bank UBS in several cases brought over Greensill’s $1.7 billion collapse. 

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No loss proven in CBA cases, but all is not lost for shareholder class actions
Analysis 2025-05-16 11:01 pm By Christine Caulfield

In explaining where CBA shareholders went wrong in proving damages from the bank’s omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.

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Lack of proof in CBA class actions can’t be ‘laid at bank’s feet’: appeals court
Class Actions 2025-05-08 11:34 pm By Cindy Cameronne

The failure of two class actions to prove loss linked to the Commonwealth Bank’s disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings. 

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CBA shareholder class actions score partial win on appeal, but no damages
Class Actions 2025-05-07 5:25 pm By Cindy Cameronne

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

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Judge questions need for solicitors in Jaguar class action discovery process
Class Actions 2025-03-13 11:33 pm By Julia Kanapathippillai

A judge has questioned the need for solicitors in a class action against Jaguar to be involved in discovery of internal investigations by the car maker when a technical referee is to be appointed.

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J&J slams class action over cold and flu medications
Class Actions 2025-03-11 11:28 pm By Julia Kanapathippillai

Johnson & Johnson has slammed a class action over allegedly ineffective cold and flu medications, telling a judge it has “real concerns” with how the case has been framed.

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Allergan may bring ‘state of the art’ defence in breast implants class action
Class Actions 2025-02-20 10:35 pm By Andy Sidler

US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.

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S&P fails in bid for all class action expert evidence to be thrown out
Class Actions 2025-02-13 3:55 pm By Cindy Cameronne

Ahead of an eight-week trial in an investor class action in July, ratings agency S&P has lost its bid to throw out the entirety of the expert evidence in the case.

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CBA slams class actions’ ‘misguided’ theory on appeal
Class Actions 2024-11-19 11:03 pm By Sam Matthews

CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.

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Judgment in CBA class actions could affect insider trading cases, Full Court told
Class Actions 2024-11-19 11:42 pm By Sam Matthews

The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.

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