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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”.
The Transport Workers Union and a judge have debated how much of a $90 million penalty handed to Qantas should be given to 1,820 workers who were unlawfully outsourced during the COVID-19 pandemic.
A judge has hit Qantas with a $90 million penalty for unlawfully outsourcing its ground crew staff during the COVID-19 pandemic, saying the airline was “the wrong kind of sorry”.
ASIC has succeeded in overturning a decision that found that Qoin issuer BPS Financial came within the authorised representative exemption with respect to agreements with Australian financial services licence holder PNI.
Qantas should pay a penalty of the “highest order” for outsourcing its ground crew staff during the COVID pandemic, a union has argued, while a judge has questioned if he needs to send a message that "you can't play the court for a fool".
Air Canada did not waive a defence allowing it to cap damages at $240,000 in a claim by several passengers over alleged spinal and psychological injuries caused by turbulence on a 2019 flight, the High Court has ruled.
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.
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.
The High Court will weigh in on the relevance of reputation in passing off claims, taking up an appeal by Bed Bath N’ Table of a finding that rival retailer House did not engage in misleading and deceptive conduct in setting up its Bed & Bath stores.
In a loss for the ACCC, the High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU merely by yielding to a threat of industrial action.