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Cattle exporter Wellard settles shareholder class action for $23M
Class Actions 2024-02-02 3:01 pm By Cindy Cameronne

A shareholder class action against livestock exporter Wellard over a profit downgrade following its $300 million initial public offering in 2015 has settled for $23 million. 

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Boral shareholders can run ‘novel’ case on loss in disclosure class action
Class Actions 2024-02-01 5:26 pm By Cindy Cameronne

Construction giant Boral has lost its bid to block a class action from running a ‘novel’ argument that shareholders suffered loss because of natural fluctuations in share price, rather than as a direct result of alleged continuous disclosure breaches. 

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As Roundup trial wraps up, Monsanto says class action has ‘finger on scales’
Trials 2024-01-30 5:48 pm By Sam Matthews

Defending allegations that its popular weed killer Roundup is carcinogenic, agrochemical giant Monsanto has accused the class action of having its “finger on the scales” when presenting scientific evidence to the court.

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‘No safe level of exposure’ to Roundup, class action tells court
Class Actions 2024-01-29 4:46 pm By Sam Matthews

A class action against agrochemical giant Monsanto has told the court that there is “no safe level of exposure” to carcinogens allegedly present in the company’s popular weed killer Roundup. 

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Judge discontinues council class action against insurer JLT, won’t pause clock
Class Actions 2024-01-22 11:51 pm By Cindy Cameronne

A judge has discontinued a class action by Victorian councils against insurer JLT Risk Solutions, but has departed from the decisions of two other judges by ruling the suspension of the time limit for bringing the councils’ claims will immediately be lifted. 

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CBA class action judge may weigh impact of two failed shareholder cases
Securities 2024-01-22 11:10 pm By Cindy Cameronne

Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the case to consider the relevance of two recent decisions that found shareholders in other class actions had failed to prove loss.

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Fletcher Building says some NZ claims barred from shareholder class action
Securities 2024-01-09 10:15 pm By Cindy Cameronne

New Zealand construction giant Fletcher Building has hit back at a shareholder class action over allegedly misleading forecasts for the 2017 financial year, saying some of the claims under New Zealand law were brought out of time.

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Top 10 class action settlements of 2023
Top 10 Class Action Settlements 2024-01-05 4:07 pm By Cat Fredenburgh

Companies and government entities paid out less to settle class actions in 2023 than in the previous two years, with no mega settlements hitting their pocketbooks.

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Kerry Stokes can’t see Fairfax’s itemised legal bill in Ben Roberts-Smith case
Defamation 2023-12-21 12:41 pm By Cindy Cameronne

Billionaire Kerry Stokes has lost his challenge to paying in lump sum Fairfax’s legal fees in defending Ben Roberts-Smith’s failed defamation case over war crimes allegations, having argued for an itemised bill after the Seven West Media chair agreed to foot the costs on an indemnity basis.

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Judge signs off on 24% GCO in a2 Milk shareholder class action
Class Actions 2023-12-20 3:21 pm By Sam Matthews

A judge has approved a 24 per cent group costs order in a consolidated class action against a2 Milk, noting the complexity of the claims against the dairy giant and saying a GCO would align the class action lawyers’ interests with group members’.

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