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‘Threat of a heavy sanction’: Shareholder slams opt-out notice in AMP class action
A proposed notice to eligible group members in Maurice Blackburn's class action against AMP over its fees for no services scandal threatened to bar unregistered shareholders from any settlement stemming from mediation in the case, a threat barred by a recent ruling finding that courts have no power to close class actions to signed up group members, an appeals court has heard.
IOOF follow-on shareholder class action flops
Eight months after defeating a case brought by the prudential regulator alleging breaches of superannuation laws, wealth manager IOOF has escaped a class action without paying a cent to shareholders.
ACCC can’t stop Garuda appeal despite unpaid $19M penalty
The ACCC has lost its bid to stay a cartel appeal by Indonesian airline PT Garuda, with a judge finding the competition watchdog had not shown the airline acted in contempt of court by failing to pay a $19 million fine.
Two more supermarket giants may face underpayments class actions
Two leading independent supermarket groups are the latest retail giants to face possible class actions for alleged wage underpayments, in the wake of class actions lobbed against Woolworths and Coles.
Qantas wins injunction against FWC in case by stood-down aircraft engineers
A judge has granted Qantas an injunction temporarily blocking the Fair Work Commission from hearing a case brought by the union for the airline's stood-down aircraft maintenance engineers, saying the issues raised in the case had potentially wide ramifications for all Australian businesses amid the COVID-19 pandemic.
Court suppresses details of Grosvenor, Vannin co-funding agreement
A court has granted a request from Grosvenor Litigation Services, the funder that backed two class actions against Volkswagen over its emissions cheating scandal, to suppress the details of a co-funding agreement with Vannin Capital.
Defamation suit accuses AFR of ‘smear campaign’ against Papua New Guinea minister
Nine-owned Fairfax Media has been hit with a defamation lawsuit by Papua New Guinea's Minister of Trade & Commerce, who claims the Australian Financial Review engaged in a "smear campaign" by publishing an article accusing him of corruption, bribery and money laundering.
Westpac admits money laundering breaches, lax monitoring of suspicious customers
Westpac has admitted to millions of breaches of anti-money laundering and counter terrorism financing laws, and has told a court it did not adequately monitor transactions of customers linked to child exploitation.
Coles faces underpayment class action by supermarket managers
Supermarket giant Coles has been hit with a class action after revealing in February that it owes staff in its supermarket and liquor businesses at least $20 million in pay.
J&J won’t ask judge to recuse himself from pelvic mesh appeal
Medical device giant Johnson & Johnson has confirmed it will not seek the recusal of a Federal Court judge from a panel overseeing its pelvic mesh class action appeal, despite earlier raising concerns that he had seen privileged settlement communications.