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Settlement in Gunns class action against KPMG, directors wins court OK
Class Actions 2023-03-15 4:29 pm By Christine Caulfield

A judge has approved a confidential settlement in a class action against KPMG and nine former Gunns Plantations directors over the failure of six managed investment schemes for eucalyptus wood in Tasmania.

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Opal Tower class members could do ‘simple arithmetic’, funder says in appeal of cuts to commission
Appeals 2023-03-14 10:25 pm By Sam Matthews

The funder in the Opal Tower class action has appealed a judge’s decision to slash its commission for not disclosing proposed deductions from the settlement sum as percentages, telling the Full Court that group members could do “simple arithmetic”.

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Ken Talbot’s widow wanted to ‘destroy’ law firm, court says
Professional Negligence 2023-03-14 1:20 pm By Cindy Cameronne

The wife of the late mining executive Ken Talbot wanted to “destroy” the law firm that advised her husband about his will, a court has found in awarding costs against the widow.

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Shareholder class action targets Fletcher Building for ‘misleading’ FY17 forecasts
Construction 2023-03-14 5:04 pm By Christine Caulfield

Shareholders have brought a class action in Australia against New Zealand-based Fletcher Building, alleging the company failed to disclose material information relating to its construction division.

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MACH Energy hits back at Tinkler’s fraud case, mounts strike-out bid
Energy & Natural Resources 2023-03-14 5:27 pm By Cindy Cameronne

MACH Energy has hit back at a lawsuit by mining executive Nathan Tinkler’s companies that alleges a former general manager misused confidential information to help MACH buy the lucrative Mount Pleasant coal mine.

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Class action firm’s potential profit from Arrium case not relevant to security sum: judge
Class Actions 2023-03-10 3:10 pm By Sam Matthews

A judge overseeing a security dispute in a shareholder class action against KPMG and former directors of Arrium has found that potential profits to the plaintiff law firm running the case under a group costs order is not relevant to determining the quantum of security for costs.

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ANZ hit with $10M penalty over $18.5B home loan program
Financial Services 2023-03-10 2:23 pm By Cindy Cameronne

ANZ has been hit with a $10 million penalty in a case brought by the Australian Securities and Investments Commission alleging the bank’s home loan ‘introducer’ referral program breached credit laws.

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Moccona sues Vittoria for selling instant coffee in a jar
Intellectual Property 2023-03-10 2:14 pm By Sam Matthews

A trade mark stoush between the owners of coffee brands Moccona and Vittoria is “all about whether people think a jar means Moccona”, a court has heard.

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Insurer must indemnify church for historic sex abuse claims
Insurance 2023-03-10 6:17 pm By Cindy Cameronne

Allianz must indemnify the Uniting Church for historic claims of sexual abuse that allegedly occurred up to four decades ago at the exclusive Sydney boys’ private school Knox Grammar, a judge has found.

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7-Eleven loses appeal of $595,000 judgment for misleading franchisee
Franchises 2023-03-10 2:48 pm By Cindy Cameronne

Convenience store giant 7-Eleven has lost its appeal of a $595,000 judgment handed down after a court found a franchisee signed a franchise agreement and invested almost $796,000 into a Melbourne store under false pretences.

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