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Shareholders have appealed a ruling that found a "serious problem" with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
Johnson & Johnson did not adequately warn of the risks of its pelvic mesh implants and is liable to pay damages to thousands of Australian women who suffered severe injuries from the devices, a judge has ruled in a long awaited decision in a class action launched more than seven years ago.
The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance.
Westpac has been hit with a lawsuit by AUSTRAC for its alleged "systemic" failure to comply with anti-money laundering and counter terrorism finance laws.
A former National Australia Bank branch manager has been sentenced to a year of home detention for engaging in fraud in relation to the bank's scandal-ridden Introducer home loan program.
The Commonwealth Bank of Australia's insurance division, CommInsure, has pleaded guilty to 87 criminal charges that it hawked life insurance products in unsolicited telephone calls, but wants credit for the early plea.
The National Australia Bank has admitted to most of the violations alleged in the Australian Securities and Investments Commission's case over the bank's $24 billion scandal-ridden 'Introducer' loan referral program.
Mining giant Fortescue Metals is seeking special leave from the High Court to appeal a ruling that granted native title to the Yinjibarndi people over a large section of land in the Pilbara region of Western Australia.
Multiplex is calling for the liquidators of collapsed engineering services group Hastie to pay its costs, and pay now, for pursuing an action to recover millions of dollars in unpaid bills on the grounds that the construction company was not entitled to offset its debts with amounts owing.
Whether judges can alter the terms of litigation funding agreements in class actions is a question that will remain unsettled for now, after litigation funder IMF Bentham chose to sidestep a lengthy, costly and risky challenge to the reach of the court's powers.