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British banking giant HSBC could face a new claim in ASIC proceedings alleging it failed to adequately protect customers from scams, a court has heard.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.
A class action on behalf of 330,000 super members has settled against the trustees of the MLC Super fund, just days after another superannuation class action flopped.
Toyota has denied a class action’s claims that devices installed in its vehicles were intended to cheat emissions tests, maintaining that they were designed to protect engines from damage.
A judge has approved the discontinuance of a class action against a Westpac subsidiary after the funder bowed out.
A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are “barely arguable”.
BHP has told an appeals court a shareholder class action should not be allowed to expand the group definition to correct an alleged drafting error.
A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virgin’s balance sheet.
A shareholder class action against BHP over the 2015 Fundao dam collapse in Brazil has won a bid to add an extra three weeks to a six-week hearing to account for any evidentiary surprises.
A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.