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Investors set to get 40% of settlement in class action against Westpac’s BankSA
Class Actions July 19, 2019 3:12 pm By Christine Caulfield

Group members in a recently settled class action against Westpac unit BankSA over its conduct in connection with convicted Ponzi schemer Michael Samra are expected […]

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Liquidator admits ‘significant deficiencies’ and agrees to 10-year ban
Restructuring & Insolvency July 17, 2019 10:07 pm By Miklos Bolza

Veritas Advisory liquidator David Iannuzzi has admitted to “quite significant deficiencies” in his conduct as a liquidator and agreed to a 10-year ban from serving […]

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Shifting sands: orders for defendants to produce insurance policies in class actions
Expert Insights July 17, 2019 11:22 pm By Cat Fredenburgh

We have started to see the Federal Court use its discretionary powers in respect of class actions to order defendants to disclose their insurance policies […]

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Former Dick Smith execs may seek to vacate trial date if cross claims filed
Class Actions July 12, 2019 9:18 pm By Amelia Birnie

Two former executives of Dick Smith may seek to vacate an upcoming trial date for two class actions against the failed retailer, after recently being […]

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Dick Smith insurers face class action over IPO-related policy
Class Actions July 8, 2019 4:43 pm By Miklos Bolza

Allianz and a number of other insurers of Dick Smith are now facing a class action over the extent of coverage under an insurance policy […]

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Westpac unit settles class action over Samra Ponzi scheme
Class Actions July 3, 2019 3:50 pm By Cat Fredenburgh

Westpac unit BankSA has reached an agreement to settle a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra. […]

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Incentive-based funding commission dropped in IAG insurance class action
Class Actions June 28, 2019 12:48 pm By Amelia Birnie

The funder backing the IAG add-on insurance class action has agreed to a fixed 25 per cent commission, after the plaintiff copped criticism from a […]

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ASIC appeals ruling in market manipulation case against NAB contractor Whitebox
Securities June 28, 2019 11:39 pm By Cat Fredenburgh

The Australian Securities and Investments Commission is challenging the dismissal of its enforcement action against  National Australia Bank contractor Whitebox Trading and sole director Johannes […]

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Slater & Gordon, ex-directors say Pitcher Partners responsible for financial reports
Class Actions June 25, 2019 3:20 pm By Christine Caulfield

Facing cross claims by Pitcher Partners in two shareholder class actions alleging the accounting firm wrongly signed off on Slater & Gordon’s financial reports ahead […]

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Competing law firms agree to join forces in BHP class action
Appeals June 21, 2019 10:33 pm By Christine Caulfield

Rival law firms Phi Finney McDonald and Maurice Blackburn have offered to consolidate their competing shareholder class actions against BHP after prompting by the Full […]

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