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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.
Two failed shareholder class actions against Commonwealth Bank have been returned to a judge to decide if 'no transaction' claims can still be pursued, a move CBA argues is a way to keep alive cases that are “truly dead”.
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”.
Mayfield Development has been granted the High Court's leave to make its argument that derivative Crown immunity does not apply to NSW Ports, in a seven-year-old competition case.
Women-only social media app Giggle for Girls has told the Full Court its exclusion of a trans woman qualifies as a special measure under the Sex Discrimination Act, as the app was intended to benefit some, if not all, women.
The judge who tossed a class action by Quintis' shareholders should have found a restatement of assets would have materially affected the sandalwood company's share price "as a matter of common sense", a court has been told.
The applicants in an unsuccessful class action against the founder of sandalwood producer Quintis and auditor EY is challenging the dismissal of his case -- the sixth shareholder class action to fail at trial.
An appeals court has dismissed the corporate regulator's "logically inconsistent" appeal against a landmark decision that found insurer Auto & General did not include an unfair term in its contracts.