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A judge has found that ANZ breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters Deutsche Bank, Citigroup and JP Morgan during its $2.5 billion equity capital raising in August 2015.
A judge has ordered lawsuits by Fortnite owner Epic Games against Apple and Google to be heard together with class actions against the tech giants on behalf of app developers and customers who accuse them of distorting competition in the app marketplace.
Indian generic drug maker Cipla has sued pharmaceutical giants Bristol-Myers Squibb and Pfizer alleging the patents behind their blockbuster deep vein thrombosis drug Eliquis are invalid.
Woodside Energy has hit back at a bid to halt seismic blasting on its Scarborough gas project, claiming it undertook comprehensive consultation with Indigenous communities and that the project’s environmental risks were of “an acceptable level”.
A traditional custodian has filed an application to block seismic testing on Woodside Energy’s Scarborough gas project until her legal challenge has been finally determined, in a case similar to the one that put Santos’ $4.7 billion Barossa project on ice.
A judge considering bids to de-class COVID-19 business interruption class actions has said group members can sign up for the representative proceedings but later decide to make claims directly with their insurers.
NAB will fight a bid by a $78 million class action over the collapse of Walton Construction to add serious fraud allegations in the four-year-old case, which a judge said has been “mired in a procedural mess”.
In its bid for a 30 per cent group costs order, the applicant in a class action against Insurance Australia Group says the percentage shouldn’t be compared to lower proposed rates -- as low as 14 per cent -- in a battle to run a class action against Star.
Competing class actions, which a judge recently called a "plague" on the courts, are driving a rise in class actions, with new representative proceedings brought this year set to outpace last year's filings, according to a report by law firm Allens.
The Australian Securities and Investments Commission has told a trial judge that superannuation trustee Diversa can’t hide behind outsourcing arrangements to explain its alleged failures to oversee a now-banned financial adviser accused of luring vulnerable customers into signing up to Diversa accounts.