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Two class actions against Victorian aged care providers on behalf of families of residents who died due to alleged failures during the COVID-19 pandemic have appealed a ruling that rejected their bid for insurance and financial information to assist in mediation.
IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing proceeding in the works.
A class action against Optus over a cyberattack that left the data of up to 10 million customers exposed is seeking access to an independent report prepared by Deloitte into the causes of the hack.
Slater and Gordon has agreed to consolidate its data breach class action against Medibank with one brought by Baker McKenzie, after the judge overseeing the cases railed against competing class actions.
A judge overseeing a class action over the Optus data breach will order the Information Commissioner to appear in court to explain the “delay and uncertainty” surrounding a number of representative complaints before the OAIC which are hampering the court proceedings.
ASIC is calling for disqualification orders and penalties against property guru Sasha Hopkins, alleging he hawked real estate investment opportunities on social media that raised over $32 million without a licence.
A Federal Court judge overseeing a class action against IG Markets over risky financial products has questioned whether courts should take a “more robust” approach to avoid the “nonsense” of competing class actions, amid the threat of a second class action being filed in the Supreme Court of Victoria.
Online trading platform IG Markets is facing more scrutiny over its marketing of risky financial products, with a third law firm investigating a class action for everyday investors who have lost money.
As the spotlight on class action costs grows, litigation funders can expect increased judicial scrutiny of their attempts to pass on the cost of after-the-event insurance premiums to class action members.
ANZ will no longer contest liability at trial in a case by the regulator over more than $10 million in cash advance fees charged to the credit card accounts of hundreds of thousands of customers.