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In explaining where CBA shareholders went wrong in proving damages from the bank's omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.
A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade.
The failure of two class actions to prove loss linked to the Commonwealth Bank's disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm's administrator.
A judge has approved a $3.5 million settlement in a class action brought by former clients of Sydney fraudster Melissa Caddick.
A newly appointed judge has disqualified himself from hearing a group of cases over Greensill’s $1.7 billion collapse, after he acted as counsel for insurer Marsh in a related dispute.
In deciding an evidentiary dispute in a shareholder class action against building materials giant Boral, a judge has sounded off over the increasing costs of expert evidence produced in group proceedings.
A class action brought by former clients of Melissa Caddick, who were defrauded out of $23 million, have settled their claims against a group of SMSF auditors.
Class action settlement totals skyrocketed to over $900 million last year, and one law firm negotiated the lion's share, with $672 million in settlements under its belt.
Six of the world's largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.