Court approval of a $50 million settlement in a class action against ANZ and superannuation trustee OnePath has been delayed, after 22,000 group members were excluded from an opt-out notice due to a problem with OnePath’s computing process.
The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.
A judge has struck out a circular and confusing group definition in an emissions cheat class action against Mercedes-Benz, but has given the class action the chance to replead.
The ACCC has taken car importer LDV to court for allegedly representing to consumers that certain car models were durable and suitable for off-road conditions, when in reality they were prone to rusting within five years of purchase.
A judge has approved a $180 million settlement in a stolen wages class action but has criticised the plaintiff’s law firm for the costs incurred in the case and raised doubts about the value of litigation funding.
BP’s joint venture partner on one of the world’s largest renewable energy projects has filed court proceedings seeking information about BP’s acquisition of Macquarie’s stake in the project.
A judge has adjourned a creditor’s winding up application against Perth-based green hydrogen company Infinite Green Energy, finding the delay could lead to a better outcome for creditors.
A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.
Paladin Energy has been hit with a shareholder class action over alleged misleading disclosures to the market about expected production at its flagship uranium mine in Namibia.
A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”.