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High Court to hear BHP challenge to foreign investors in class action
BHP Group has been granted special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.
CBA class action preps for class closure nod from Full Court
Lawyers leading a class action against the Commonwealth Bank over its alleged money laundering compliance failures are getting their ducks in a row in the event the Full Court rules the court has the power to shut out unregistered group members from a class action.
Booktopia denies ‘systematically’ refusing refunds after 2 days
Online book retailer Booktopia has admitted it scrapped a term requiring two days' notice of damaged or incorrect books, but rejects claims by the ACCC that the policy resulted in a systematic refusal to refund customers.
Tireless defence by lawyers felled criminal cartel case against banks
From a lengthy committal hearing challenging the ACCC's investigatory techniques to repeated attacks on the prosecution's indictment, an indefatigable team of barristers and lawyers across eight law firms helped bring an end to the four-year long pursuit of criminal cartel charges against three banks and six individuals over a $2.8 billion ANZ share placement.
Ill-fated cartel case shows ACCC should stay out of financial markets, ex-Deutsche Bank CEO says
The CDPP's decision to drop all criminal cartel charges against two banks and four individuals in a "test case" over a $2.5 billion ANZ share placement shows the ACCC "lacks expertise and objectivity" on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.
Charges dropped in landmark criminal cartel case over $2.5B ANZ share placement
In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.
Trial vacated in Monsanto class action over Roundup weed killer
An upcoming three-month trial in a class action against agrochemical giant Monsanto has been vacated after the applicant's key expert withdrew from the case.
Top judge warns against making a villain of class actions
As parliament weighs the latest Morrison government crackdown on class actions, the Federal Court's chief judge has warned of "an ever present danger" of maligning the regime.
Citing ‘leisure wear effect’, MySuper class action seeks in-person hearing
The parties in a class action accusing a Commonwealth Bank of Australia unit of breaching its superannuation trustee duties want the matter to be heard in person and are willing to foot the bill for the judge to travel to Sydney to make it happen.
Herbert Smith Freehills snags technology law expert from PwC
Herbert Smith Freehills has appointed technology law specialist Cameron Whittfield as part of its plan to be a dominant global player in the technology, cyber security and digital space.