A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of “catastrophic” losses.
The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
Five passengers who were forced off a Qatar Airways flight and strip searched at Doha International Airport have successfully appealed the summary dismissal of their case against the airline, with the Full Court finding key issues were not suited for summary determination.
A judge has said a $360 million settlement in a US class action could be relevant to deciding whether to vary a 25 per cent contingency fee in an Australian class action against Hino Motors, which settled for $87 million.
A judge has awarded carriage of class actions against Hyundai and Kia to Maurice Blackburn after declining to allow a sixth offer by competing firm Banton Group, saying re-bids outside the orderly process of carriage fights must be “carefully assessed”.
A discrimination class action has been filed on behalf of single women and same-sex couples designated “socially infertile” and denied Medicare rebates for IVF.
BP is reportedly set to exit one of the world’s largest renewable energy projects, located in the Pilbara, as part of a shift in strategy.
The NSW Independent Planning Commission failed to consider the local impact of climate change when approving the expansion and extension of MACH Energy’s Mount Pleasant coal mine, an appeals court has ruled.
Cromwell Property Group has sold its remaining 50 per cent stake in an office building in Sydney’s Chatswood at the discount price of $87 million.