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CBA plans to file a cross-appeal in the class actions before the High Court, contending the shareholders -- who argue they should have won their loss case -- failed to establish disclosure breaches at the threshold.
The High Court has overturned a longstanding precedent that churches are not liable for the intentional criminal acts of its clergy, in a decision that plaintiff firms have said will have a “significant impact” on survivor claims in Australia.
The High Court has dismissed appeals brought by Labor politicians Ian Macdonald and Eddie Obeid, and his son Moses Obeid, which challenged their convictions for conspiracy to rig a mining exploration tender.
Construction PRO
Labor politicians Ian Macdonald and Eddie Obeid, and his son Moses Obeid have lost their High Court challenges to their convictions for a conspiracy to rig a mining exploration tender.
The High Court has revived a class action by small business owners over the interference caused by the construction of the Sydney light rail network.
Construction PRO
The High Court has revived a class action by small business owners over the interference caused by the construction of the Sydney light rail network.
The High Court has unanimously granted home retailer Bed Bath N’ Table’s appeal of a ruling that retailer House did not engage in misleading and deceptive conduct in setting up its Bed & Bath stores.
Construction PRO
The High Court has approved the imposition of additional land tax on non-residents and foreign-owned entities, finding that the Commonwealth government had the power to limit the application of international tax agreements.
Saying the appeals court committed "fundamental errors" in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.
Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions' bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.