Most Recent
Gunns class action settles with KPMG, former directors
A class action against KPMG and nine former Gunns Plantations directors over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled for a confidential amount, with a judge poised to approve the deal.
Judge won’t stay crypto class action against Qoin issuer
A judge has declined to stay a class action against BPS Financial, the issuer of cryptocurrency Qoin, in light of similar ASIC proceedings.
Gunns Plantations class action against KPMG settles with ex-Tasmanian Premier
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled its claims against former Tasmanian Premier Robin Gray.
KPMG dodges ‘very late’ claims in Gunns class action
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania can't add new claims against the accounting firm three months out from trial.
Judge nudges AMP to seek dismissal of class action claims
A judge has suggested that financial services giant AMP bring an application for summary dismissal of part of a class action over allegedly excessive insurance premiums, questioning the basis for the claims.
Judge shoots down damages questions for initial trial in NAB super class action
A judge hearing a superannuation class action against NAB unit NULIS Nominees will not determine the correct approach for calculating damages at an initial trial scheduled for later this year.
NAB super class action won’t get decision on damages at initial trial
The applicant in a class action against NAB superannuation trustee NULIS has lost his bid to have a judge determine aggregate damages at an initial trial.
AMP’s bid to declass insurance class action ‘antithesis’ of interests of justice, court rules
Financial services company AMP has lost its bid to de-class representative proceedings brought on behalf of 1.5 million insurance customers.
Judge warns AMP it could face 1.2M lawsuits if declassing bid succeeds
AMP and a number of its financial planning subsidiaries could face 1.2 million individual claims if they win a bid to declass a group proceeding over allegedly excessive insurance premiums, a judge has said.
Colonial must give class action info on financial position after ‘unsatisfactory’ liability transfer
A judge has told a Colonial First State Investments unit to provide information about its financial position to the lead applicant in a class action and criticised the company for failing to disclose that it had transferred its liabilities after the class action was launched.