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The firm running the class action against Fitch Ratings over SCDO products has been given the go ahead to add claims of fraud and deceit after lawyers allegedly unearthed a hidden mathematical table the agency used in assigning ratings to the toxic financial products.
Lawyers in the turf war over five competing AMP class actions have agreed to a temporary peace accord after the battleground edged close to the realm of the absurd, with a threatened anti-anti suit injunction being met with calls for an anti-anti-anti suit injunction.
A judge has shot down a bid by Kraft for extensive discovery from Bega, but granted its request for a so-called Sabre order against US company Mondelez, three weeks before trial kicks off in the case over who owns the rights to the iconic Kraft peanut butter trade dress in Australia.
The credibility of a witness in the ACCC's dismissed cartel case against Cascade Coal may prejudice an upcoming criminal trial against the son of former NSW Labor minister Eddie Obeid, a court was told Friday.
ASX-listed Servcorp has settled court action by the consumer watchdog over unfair terms in its small business contracts that shielded the office space provider from liability and gave it unilateral power to terminate agreements with customers.
The US securities regulator is reportedly looking into Facebook's disclosures to investors about the harvesting of user data by political research firm Cambridge Analytica, as the company faces the threat of a privacy class action in Australia over the data debacle.
Cash Converters has been asked to produce data on individuals that it provided payday loans to in Queensland in a class action alleging it charged a brokerage fee to borrowers for services they never received.
The judge that temporarily barred CrownBet from moving forward with its planned rebrand to Sportingbet said Sportsbet has made a 'strong' case that use of the mark by CrownBet is likely to cause confusion among consumers of online betting services.
The litigation funder behind the Federal Court's precedential ruling that established the first common fund order in an Australian class action agreed to cuts its rates as part of negotiations that resulted in the $132.5 million settlement of the class action against QBE Insurance.
The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.