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Treasury Wine’s blackout of board papers ‘not justified’, class action judge says
A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer's redactions of board papers were “not justified”.
Crown Resorts must tell class action what board knew about money laundering
A judge overseeing a shareholder class action against Crown Resorts has ordered the casino giant to give details of board members' knowledge about two bank accounts which were allegedly used to launder hundreds of millions of dollars.
Qantas, TWU lose appeals over axing of 1,800 ground staff
Qantas and the Transport Workers Union both lost their appeals Wednesday of a judge’s decision finding the airline had decided to axe 1,800 ground staff partly to prevent employees bringing industrial action but refusing to reinstate the workers. The airline has vowed to take the case to the High Court.
Law firm wants 25% of $56.3M Colonial class action settlement
Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has settled for $56.3 million, giving account holders 75 per cent of the proceeds.
Macquarie flex commission class action says loans were part of ‘staged sales process’
The plaintiffs in a class action over alleged unfair flex commission arrangements have hit back at Macquarie Leasing’s claims that out-of-pocket customers should have negotiated better deals with car dealers, arguing car loans were taken out as part of a “staged sales process” that limited negotiation.
Crown’s $125M class action settlement wins court approval but no CFO for funder
A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese gambling operations, but has shaved $1 million from the funder's proposed commission.
US shareholders ask court to reject $31M payout for Crown class action funder
US institutional shareholders who joined a class action against Crown Resorts that settled on the eve of trial for $125 million are urging the Federal Court to slash the funder's commission by $4.65 million.
Uber sought legal advice on how to get away with alleged class action offences, judge says
A judge has denied Uber’s attempts to withhold documents in two lawsuits on the basis of legal professional privilege, finding many of the client-lawyer communications were made in furtherance of various offences by the rideshare giant at the centre of a class action lawsuit.
KPMG settles with principal allegedly subjected to ‘aggressive, belittling’ emails
Accounting giant KPMG has resolved a lawsuit brought by a principal director who alleged he was told to "change and adjust" to "belittling" attacks by a partner on the debt advisory team.
‘Pretty unsatisfactory’: Judge sceptical of Colonial plan to stick ATO with settlement distribution
A judge has expressed doubts over Colonial First State’s plan to pass on part of its duties to the ATO in distributing a $56.3 million settlement secured by customers in a Maurice Blackburn-led class action.