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Mayfair’s Mawhinney hit with 15-year injunction in ASIC case
ASIC 2025-09-05 11:56 pm By Cat Fredenburgh

A judge has hit Mayfair Group director James Mawhinney with 15-year injunctions, after finding he took a “cavalier attitude to compliance” in marketing notes tied to Mission Beach properties in Queensland. 

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CBA class actions sent back for possible pursuit of ‘no transaction’ claims
Class Actions 2025-09-04 11:55 pm By Cindy Cameronne

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”.

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CBA fights class actions’ bid to keep ‘truly dead’ cases alive
Class Actions 2025-08-28 11:27 pm By Sam Matthews

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”.

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Attacked as untenable, Bupa class action faces potential summary dismissal bid
Class Actions 2025-08-04 11:31 pm By Christine Caulfield

A class action against aged care provider Bupa faced tough questions by a judge on Monday, who grilled counsel over the case’s theory of loss. And the answers — rather than reassuring her — raised the spectre of a summary judgment fight.

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Mayfair’s conduct ‘cannot be laid at the door of any lawyers’: judge
ASIC 2025-07-10 11:55 pm By Cindy Cameronne

A judge has criticised Mayfair Group’s “directing mind” James Mawhinney in a do-over of ASIC’s case over notes tied to Mission Beach properties, saying “vociferous and continuous efforts” to blame others, including lawyers, for investor losses did not reflect well on him.

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Law firm loses challenge to $1.1M fee cut in Aveo class action
Appeals 2025-06-12 11:38 pm By Cindy Cameronne

An appeals court has dismissed a law firm’s challenge to a ruling that cut $1.14 million of its fees from a settled class action against retirement home operator Aveo, noting the “inordinate delay” in preparing key evidence.  The class action, launched in September 2017 on behalf of residents at Aveo’s retirement villages, settled for $11…

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ASIC launches suit against missing ex-Blockchain Global director
Cryptocurrency 2025-05-28 11:55 pm By Andy Sidler

The corporate watchdog has brought proceedings against the former director of collapsed cryptocurrency exchange platform Blockchain Global for alleged violations of his directors duties. 

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Class action says AMP did ‘nothing’ for 12 years to get better rate for super clients
Class Actions 2025-05-27 11:25 pm By Andy Sidler

On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank.

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No loss proven in CBA cases, but all is not lost for shareholder class actions
Analysis 2025-05-16 11:01 pm By Christine Caulfield

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.

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Lack of proof in CBA class actions can’t be ‘laid at bank’s feet’: appeals court
Class Actions 2025-05-08 11:34 pm By Cindy Cameronne

The failure of two class actions to prove loss linked to the Commonwealth Bank’s disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings. 

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