Toyota has been hit with a class action alleging that a defect in certain Corolla models caused paint to peel when exposed to sunlight or ultraviolet light.
A judge has rejected claims from the defendants in a sinking homes class action by Sydney homeowners that determining common question is not a ‘material change’ that would warrant additional discovery, but still declined to order discovery.
Johnson & Johnson has slammed a class action over allegedly ineffective cold and flu medications, telling a judge it has “real concerns” with how the case has been framed.
A class action has been filed against a NSW luxury developer and a local council by property owners alleging the land selected for a 683-lot project was unfit for residential development.
Law firm HFW has hired two Sydney-based special counsel from Dentons and Meridan Lawyers to boost its growing insurance group.
Three units of Perth-based builder BGC Housing Group have been hit with a class action on behalf of thousands of home owners who allege they have been harmed by lengthy construction delays.
Two class actions have failed to convince a judge that the Commonwealth Bank of Australia’s money laundering compliance failure which led to a $700 million penalty was “law breaking on a grand scale” that should have been disclosed to the market, the latest shareholder case to flop after being taken to trial.
Omni Bridgeway will book a smaller-than-expected loss from its investment in failed shareholder class actions against the Commonwealth Bank of Australia that it spent close to $10 million on, having curbed its exposure by selling a stake in the group proceedings.
A judge has retroactively validated the appointment of BDO as auditor for litigation funder Omni Bridgeway after EY resigned due to a class action conflict, saying the failure to seek shareholder approval for the appointment was not the result of a blatant disregard for its obligations.
Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the case to consider the relevance of two recent decisions that found shareholders in other class actions had failed to prove loss.