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Tech error affecting 22K group members delays $50M ANZ class action settlement
Class Actions 2025-04-23 10:59 pm By Andy Sidler

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.

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In loss for ASIC, Full Court finds crypto currency provider did not need AFSL
Appeals 2025-04-23 11:24 pm By Sam Matthews

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.

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‘Confusing’ group definition struck out in Mercedes-Benz class action
Class Actions 2025-04-23 11:11 pm By Andy Sidler

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.

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ACCC accuses LDV of misleading consumers about cars’ durability
Competition & Consumer Protection 2025-04-23 11:33 pm By Cat Fredenburgh

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.

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Stolen wages class action judge skeptical of lawyers, funders profiting ‘on backs’ of group members
Class Actions 2025-04-22 11:20 pm By Sam Matthews

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.

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CWP probes BP’s purchase of Macquarie stake in Australian Renewable Energy Hub
Energy & Natural Resources 2025-04-23 11:54 pm By Cat Fredenburgh

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.

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Green hydrogen company Infinite Green Energy faces winding up bid
Energy & Natural Resources 2025-04-23 11:51 pm By Cat Fredenburgh

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.

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$43M class action settlement fair in light of Noumi’s financial position, court told
Class Actions 2025-04-22 11:42 pm By Andy Sidler

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.

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Paladin Energy hit with shareholder class action
Securities 2025-04-16 2:37 pm By Cat Fredenburgh

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.

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$64.25M settlement in MLC Super class action on ‘higher end’, court told
Class Actions 2025-04-16 3:19 pm By Andy Sidler

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”. 

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