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‘Big fat CFO’ incentives would distort class action scheme, BMW tells court
Luxury car maker BMW has told the NSW Court of Appeal that the courts do not have power to make common fund orders at any stage of a group proceeding, arguing that such orders would distort the scope of the class action regime by encouraging litigation funders to pursue lawsuits.
Hungry Jack’s stands by ’25 per cent more beef’ claim in McDonald’s burger battle
Hungry Jack's is doubling down on its claim that its 'Big Jack' burger has 25 per cent more beef than rival McDonald’s 'Big Mac', denying the US fast food company's allegation that its beefier burger brag, made in a recent cheeky television ad, is misleading and deceptive.
Law firms behind competing AMP class actions fight consolidation
A showdown over two competing class actions against AMP is set down for December, and the applicants will have to persuade the judge overseeing the cases that they should not be consolidated.
Law firm investigating expanded Crown class action amid anti-money laundering probe
Maurice Blackburn is looking at potentially expanding its shareholder class action against Crown Resorts after it emerged at the NSW gaming authority inquiry that the casino giant may have breached anti-money laundering laws.
CBA fined $150,000 for increasing problem gambler’s credit card limit
The Commonwealth Bank of Australia has been fined $150,000 after a Federal Court judge found the bank had breached the law by increasing a problem gambler's credit card limit but that the conduct was "not systematic, deliberate or covert".
Judges unclear about Johnson & Johnson unit’s arguments in pelvic mesh appeal
A judge due to hear a high profile appeal by Johnson & Johnson unit Ethicon has expressed confusion about the grounds on which the medical device maker is challenging a landmark judgment putting it on the hook for potentially hundreds of million of dollars in damages over faulty pelvic mesh implants.
Ernst & Young can’t rely on privilege against self-incrimination in LM Investment lawsuit
A judge has found that auditor Ernst & Young cannot rely on the privilege against self-incrimination in a lawsuit brought over its audits of failed financial services firm LM Investment Management.
AUSTRAC’s record $1.3B penalty for Westpac’s money laundering breaches wins court OK
A judge has given the greenlight to AUSTRAC's $1.3 billion penalty against Westpac over the bank's 23 million breaches of money laundering and counter-terrorism laws, the biggest regulatory fine ever paid by an Australian company.
‘You need to pick your game up’: Judge dresses down lawyer of Zarah Garde-Wilson in Google review case
A solicitor who failed to respond to calls from the Federal Court has been criticised by a judge for filing what appeared to be a "deficient" application in a case run on behalf of gangland lawyer Zarah Garde-Wilson in her bid to obtain details from Google over the identity of an online reviewer.
Contradictor in 7-Eleven class action backs court’s power to make CFOs
A contradictor appointed in two class actions against 7-Eleven will argue before the Full Federal Court that the court has power both in equity and under the Federal Court of Australia Act to make common fund orders in class actions on settlement or judgment.