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AMP class action turf war escalates with threat of anti-anti suit injunction
The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.
Squire Patton Boggs lawyer says Fitch having a discovery ‘whinge’ in class action
Facing cross-examination over the law firm's bid to add fraud and deceit claims to a class action against Fitch Ratings, a Squire Patton Boggs lawyer exchanged fire with a barrister for the ratings agency, saying Fitch was having a regular "whinge" about discovery and "no" she would not take the comment back.
ACCC calls for major fixes to ‘broken’ electricity market
Mergers of major electricity generators would be blocked and the energy regulator given more power to combat market manipulation under sweeping reforms to reduce rising energy prices released by the consumer watchdog Wednesday.
IMF Bentham mulls privacy class action against Facebook
IMF Bentham is considering funding a privacy class action against Facebook for allowing political research firm Cambridge Analytica to harvest information from the Facebook accounts of over 311,000 Australians.
Commonwealth Bank class tries to fix ‘pleading deficiencies’
The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank's systems for assessing money laundering and terrorism financing risk were deficient.
ASIC asks Westpac: What happened to Colin ‘the Rat’ Roden?
The Australian Securities and Investments Commission wants documents from Westpac Banking Corp. detailing how it disciplined rogue traders, including Colin 'the Rat' Roden, at the centre of a scandal to influence the benchmark Bank Bill Swap Rate.
Former CEO sues Bellamy’s in $1.2M share dispute
The former CEO of organic baby food producer Bellamy's Australia has sued her old employer over $1.2 million in options allegedly owed as part of a long-term financial incentives scheme.
ACCC says Click Energy misled consumers about discounts
The ACCC has filed a lawsuit against Click Energy for allegedly misleading consumers about possible discounts on their energy bills.
AMP judge won’t move state class action to Federal Court
A NSW Supreme Court judge refused Monday to move one of five class actions filed against AMP to Federal Court, and invited law firms for the other four actions to join the case in the state court.
Sportsbet seeks emergency injunction against Crownbet rebrand
Sportsbet has asked a judge for an emergency order blocking Crownbet's planned rebranding to "Sportingbet" until the lawsuit it filed over its betting rival's planned use of the mark has been resolved.