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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.
Maurice Blackburn is stuck paying $5.4 million in security in a flex commissions class action against Macquarie, with a judge saying it represents a “business risk willingly undertaken”.
A class action on behalf of 330,000 super members has settled against the trustees of the MLC Super fund, just days after another superannuation class action flopped.
A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender's costs, saying concerns about its borrowing capacity were “theoretical and speculative.”
The co-owners of Pacific Werribee shopping centre in Victoria have won their bid for a preliminary trial in a suit against Probuild Constructions and several engineering companies over $200 million in alleged structural defects.
Evidence sought by Fletcher Building from a judge's former law firm as part of the construction company's recusal bid is inadmissible, a court has ruled.
A 'junk' insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim -- absent a sample group member -- that car dealers made purchasing a policy necessary for a loan.
A bid to disqualify a judge who spoke publicly about proposed reforms to class action law from hearing a class action against Fletcher Building is out of touch with reality, a court has heard.
A judge should be disqualified from hearing a class action against Fletcher Building because of his previous association with the funder, as well as public remarks he made as a plaintiffs' solicitor, a court has heard.
A Sleeping Duck shareholder has been ordered to pay the company's costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck's buy-out offers of roughly $4 million were unreasonable.