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Sunwater loses dispute with Liberty over coverage for Queensland floods class action
Insurance 2021-12-08 3:32 pm By Miklos Bolza

Liberty Mutual Insurance does not have to indemnify dam operator Sunwater for its share of a $440 million settlement of the Queensland floods class action, […]

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Top judge did ‘unexplained violence’ to Star’s business interruption policy, Full Court told
Insurance 2021-11-08 9:42 pm By Miklos Bolza

In rejecting a bid by The Star Entertainment Group to recoup losses stemming from the COVID-19 pandemic, the Federal Court’s Chief Justice did “real and […]

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Rate-rigging class action pleadings OK’d, more than two years after case filed
Class Actions 2021-10-28 3:56 pm By Miklos Bolza

A judge has given the green light to amended pleadings in a class action accusing major banks of entering a cartel agreement to rig foreign […]

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Crown gets two years to fix ‘illegal, dishonest, unethical’ conduct or face loss of casino licence
Gaming 2021-10-26 11:44 am By Miklos Bolza

Crown Resorts has avoided having its casino licence stripped, for now, with a Victorian Royal Commission giving the casino operator two years to clean up […]

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Judge says MIS regulation ‘doesn’t work’ with class action regime
Class Actions 2021-09-13 11:23 pm By Cindy Cameronne

A Federal Court judge has taken a swipe at new regulations that require class action funding arrangements to be registered as managed investment schemes, saying […]

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Lloyd’s denies ‘incomprehensible’ claims in COVID-19 business interruption class action
Coronavirus 2021-09-10 3:21 pm By Miklos Bolza

Insurance giant Lloyd’s has rejected what it calls an “incomprehensible” class action pleading by Australian businesses that argue its business interruption policies should have indemnified […]

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Worley budget adjustments were ‘drop in the ocean’, Full Court hears in class action appeal
Class Actions 2021-08-17 10:19 pm By Cindy Cameronne

Worley’s increases to a budget behind an allegedly misleading 2014 earning guidance, amounting to $1.14 million, were a “drop in the ocean”, the Full Court […]

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Shareholders looking to revive class action say Worley pursued ‘growth stock’ ambitions over accuracy
Appeals 2021-08-16 9:09 pm By Cindy Cameronne

Worley crafted the budget behind an allegedly misleading 2014 earnings guidance so that its shares could be rated as a “growth stock”, the Full Court […]

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The Star loses bid to recover COVID-19 losses from insurers
Insurance 2021-08-05 9:39 pm By Miklos Bolza

The Star Entertainment Group will not be able to recoup losses at its casinos and hotels stemming from the COVID-19 pandemic, after a judge found […]

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Funder wants Full Court to throw out landmark class action ruling
Class Actions 2021-08-04 2:38 pm By Cat Fredenburgh

The funder backing a class action accusing two energy generators of gaming Queensland’s energy prices wants the Full Federal Court to find the landmark Brookfield […]

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