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ASIC has raised the prospect of criminal charges linked to the Shield Master Fund, after bringing civil penalty proceedings alleging up to $530 million in retirement savings was used for unauthorised purposes.
Construction PRO
A class acton against Fletcher Building’s Iplex over thousands of allegedly burst pipes in homes around Australia is gearing up for a mammoth 12-week trial, with a separate claim by BGC, which installed the pipes, to proceed by way of a test case.
Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.
A judge has made a group costs order that will give Maurice Blackburn one third of any recoveries in a class action against Entain, rejecting the firm's bid for a higher contingency fee rate than earmarked in its parallel Sportsbet class action.
A class acton against Fletcher Building’s Iplex over thousands of allegedly burst pipes in homes around Australia is gearing up for a mammoth 12-week trial, with a separate claim by BGC, which installed the pipes, to proceed by way of a test case.
Software start-up Dovetail has resolved a lawsuit by its legal counsel the accused the boss of sexually assaulting her during a coercive relationship and claimed the head of HR failed to support her.
Construction PRO
A Southern Cross Gold unit has attacked a community group’s failure to put on evidence of its members' financial status to support claims that it can't meet the company’s $230,000 security demand in a dispute over a Victorian tunneling project.
Star’s former boss and chief legal officer have argued that a judge erred in finding they breached their directors’ duties by allegedly failing to inform the board of unacceptable money laundering risks in its Sydney casino.
The number of new class actions this year is on track to be the lowest in 10 years as plaintiff firms wait to see which way the High Court will lean in a crucial shareholder case and funders redeploy capital to nascent class action jurisdictions.