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Before the decision in the Brambles case this week -- the first shareholder class action to succeed at trial -- the path to proving loss from disclosure breaches was a thicket of, well, brambles. Now after six consecutive losses, Justice Bernard Murphy has paved the way for plaintiffs to prevail.
In the first shareholder class action to succeed at trial in Australia, a judge has found logistics chain company Brambles breached its continuous disclosure obligations in relation to an overly rosy 2017 financial forecast amid problems with its North American pallets business.
A group member in a class action against Johnson & Johnson unit Depuy that resolved 14 years ago has successfully challenged his compensation award, with an appeals court finding the independent counsel who calculated his payout was bound by rules of procedural fairness.
The funder of a class action over the Morrison government’s Robodebt scheme will seek a 15 per cent commission at an upcoming settlement approval hearing, a court has heard, after the case settled for a record $548.5 million.
The judge overseeing the Robodebt class action, which settled this month for a record $548.5 million, may put the settlement administration role out to tender, saying the sum earmarked for the job was "staggeringly large".
Two failed shareholder class actions against Commonwealth Bank have been returned to a judge to decide if 'no transaction' claims can still be pursued, a move CBA argues is a way to keep alive cases that are “truly dead”.
A Federal Court judge has predicted class action defendants will start arguing law firms cannot cooperate in running class actions, after a different judge hearing a case against Google recently remarked that such arrangements could be anti-competitive.
Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions' bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.
An appeals court has thrown out X Corp’s legal challenge to a compliance notice issued by the eSafety Commissioner to corporate predecessor Twitter over child exploitation material monitoring on its platform.
In explaining where CBA shareholders went wrong in proving damages from the bank's omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.