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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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Crown chair, CEO to step down as royal commissioner considers new casino operator
Gaming 2021-08-03 10:10 pm By Christine Caulfield

Crown Resorts chair Helen Coonan and the CEO of Crown Melbourne will step down at the end of this month, the latest heads to roll […]

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Insurers’ challenge to COVID-19 business interruption claims rejected by High Court
Coronavirus 2021-06-25 4:36 pm By Christine Caulfield

The High Court has rejected a bid by a group of insurers to weigh in on a test case against COVID-19 related claims in business […]

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JPMorgan wants to have its cake and eat it too in ANZ cartel case, court hears
Competition & Consumer Protection 2021-03-19 7:04 pm By Miklos Bolza

Whistleblower JPMorgan can’t be a witness in a criminal cartel case over a $2.5 billion ANZ share placement that has ensnared several investment banks and […]

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Court to hear another COVID-19 business interruption test case
Insurance 2021-02-24 10:00 pm By Cat Fredenburgh

A group representing insurers has filed another test case over pandemic coverage in business interruption policies, following a landmark loss in a test case concerning […]

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