Most Recent
The fate of class actions against Volkswagen in the sprawling Australian case over the car maker's diesel emissions cheating scandal will be the subject of a major court battle starting Wednesday.
Commonwealth Bank of Australia will pay $700 million to settle claims of lax anti-money laundering oversight.
Employment Minister Michaelia Cash vowed Thursday to challenge a subpoena ordered by the Federal Court to appear as a witness in a case over last year's raids on the offices of the Australian Workers' Union.
The litigation funder behind the Federal Court's precedential ruling that established the first common fund order in an Australian class action has secured a $30.75 million payout in the case.
The financing arrangement underwriting Quinn Emanuel's shareholder class action against AMP, which will earn its partner Burford Capital a record low 10 percent of any recovery, sets a new standard in class action litigation funding, and is expected to spark greater price competition in the industry.
A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a "super deal" and Quinn Emanuel besting that with a funding arrangement to "shake up" the market.
The judge overseeing a Maurice Blackburn-led shareholder class action against Commonwealth Bank of Australia over allegedly lax anti-money laundering and anti-terrorism financing controls has struck out a portion of the statement of claim for "pleading deficiencies".
Volkswagen has been ordered for a third time to provide the court with the names of employees who were involved in approving the emissions cheat software that's at the center of litigation by Australia's consumer regulator and several class actions against the German car maker.
A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a $5 billion stock market wipeout for the insurance provider.
A judge on Tuesday consolidated two shareholder class actions against life sciences company Sirtex Medical and appointed Maurice Blackburn as lead lawyers for the joint proceedings.