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Arrium shareholders in class action can’t access full KPMG audit file
Class Actions 2022-02-04 1:59 pm By Cat Fredenburgh

Shareholders in a class action against failed steel giant Arrium and KPMG have lost their bid for KPMG’s complete audit file for Arrium to probe the Big Four accounting firm’s handling of the steel producer’s financial statements before its collapse in April 2016.

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Court tosses GM’s ‘speculative’ bid to declass Holden dealer class action
Class Actions 2021-12-17 6:02 pm By Miklos Bolza

General Motors has lost its bid to de-class a representative proceeding brought by former Holden dealers over its decision to retire the iconic brand, with a judge rejecting the car maker’s “speculative” argument that it would be prejudiced by further lawsuits after the class action was finalised.

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Arrium class action seeks unredacted KPMG audit file
Class Actions 2021-12-14 6:16 pm By Miklos Bolza

Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant’s handling of the steel producer’s financial statements before its collapse in April 2016.

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Arrium class action plaintiffs can’t delay hearing on group costs order
Class Actions 2021-10-22 3:01 pm By Miklos Bolza

The Victorian Supreme Court will push ahead with a hearing for a group costs order in a class action by Arrium shareholders despite requests by the applicants that it be put off until after judgment is issued on the second-ever group costs order request.

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Agrison to pay $284,000 for misleading warranty representations
Competition & Consumer Protection 2021-10-22 6:40 pm By Miklos Bolza

Agricultural equipment supplier Agrison has been ordered to pay a $220,000 pecuniary penalty after admitting to misleading its customers about the terms of its tractor warranties.

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AMP may try to stay financial planner’s lawsuit in light of BOLR class action
Financial Services 2021-10-05 1:21 pm By Miklos Bolza

AMP has flagged a potential stay of a lawsuit filed by a Sydney-based financial planner against that overlaps with a class action brought by advisors alleging they suffered financial losses from changes in the company’s buyer of last resort policy.

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General Motors wants to declass Holden franchisee class action
Automotive 2021-07-14 3:58 pm By Miklos Bolza

Car giant General Motors, which faces a class action by former Holden franchisees, wants to strip the case of class status, arguing that “idiosyncrasies” in group member claims could result in further lawsuits even after a judgment in the case.

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Former Arrium directors point finger at KPMG in class action defence
Class Actions 2021-07-06 2:00 pm By Miklos Bolza

Four executives of the failed Arrium have named auditor KPMG as a “concurrent wrongdoer” in defending a shareholder class action over a $754 million capital raising two years prior to the mining and steel giant’s $2 billion collapse.

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KPMG can’t delay defence in Arrium class action
Accounting 2021-03-24 1:37 pm By Christine Caulfield

A bid by KPMG to push off the filing of its defence in a class action over misleading statements ahead of Arrium’s $754 million capital raising in 2014 has been shot down by a judge, who said the auditor has known the claims against it since November.

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Arrium class action at centre of brewing fight over contingency fee orders
Class Actions 2021-02-05 4:32 pm By Miklos Bolza

Whether a contingency fee order made in a Victoria Supreme Court class action can survive a transfer application to a NSW court could be the next high stakes class action issue for the courts.

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