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CBA has attacked two failed class actions' "misguided" appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems.
Evidence sought by Fletcher Building from a judge's former law firm as part of the construction company's recusal bid is inadmissible, a court has ruled.
A court has approved a settlement worth up to $202 million in a stolen wages class action against the government, but will hear further argument on the legal costs of the case.
The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors' common fund orders allowing lawyers to earn a cut of any settlement.
A commission baked into a funding agreement in a class action against Mayne Pharma is under threat, with a judge mulling an order off his own bat to cut the rate.
Shine Lawyers wants to claim $24.5 million in legal costs in a stolen wages class action on behalf of Northern Territory First Nations people, a sum a judge called “eye watering”.
Class closure orders are "anathema" to the purpose of group proceedings in facilitating access to justice and should never be ordered, the High Court has been told.
The judge overseeing a $180.4 million settlement in a stolen wages class action has railed against Shine Lawyers' $10 million bill for the costs of registration, saying “something has gone seriously wrong”.
The funder and law firm that ran a shareholder class action against Mayne Pharma are seeking deductions that would leave more than half of a $38 million settlement for group members.