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A shareholder class action against livestock exporter Wellard is seeking approval for a $23 million settlement which will see only $7.86 million go to group members, telling the court that the funder and law firm that ran the case have agreed to take a haircut on the deductions they're entitled to.
In a loss for the Australian Securities and Investments Commission, a judge has found that comparison website Finder did not need a financial services licence to sell its cryptocurrency product Finder Earn because it was not a financial product.
The Australian Football League has asked a court to stay an individual lawsuit brought by a “totally incapacitated” former Western Bulldogs player until a related class action on behalf of players who allegedly suffered brain injuries is decided.
The Kingdom of Spain has been ordered to pay over $50,000 in security on an interlocutory application, with a judge finding the country “deserves no sympathy” following its failure to satisfy a judgment debt of some $200 million.
IBAC has been vindicated by the High Court in a ruling that found Victoria's anti-corruption agency had largely complied with its obligations to provide a public body and a senior officer with a reasonable opportunity to respond to adverse material in an investigation over unauthorised email access.
A judge has issued a self-executing order for the dismissal of a patent infringement lawsuit against Monster Energy if the inventor who brought the case fails to pay $350,000 in security for the beverage giant's costs within two weeks.
Defunct investment firm Blue Sky has denied a class action’s claims that it misled shareholders ahead of its 2019 collapse and has pointed the finger at auditor EY.
A carriage fight may be avoided in a class action against Sydney broker International Capital Markets over risky contracts for difference after two law firms agreed to consolidate their cases.
The minority shareholder in Sydney restaurant Machiavelli Ristorante Italiano has lost his bid to review the company books in anticipation of bringing a second winding up application, after the relationship between the restaurant's co-owners broke down.
The High Court has handed a win to a class action on behalf of Queensland ratepayers who were wrongly charged levies over a period of six years, rejecting the local council’s argument that the levies were put to good use.