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Shareholders in a class action against Deloitte over the collapse of engineering company Hastie Group have won a major ruling against partners at the auditing firm who resisted handing over evidence to the class for fear of incriminating others at the accounting giant.
The litigation funder underwriting a shareholder class action against BHP Billiton over the company's Brazilian mine disaster is a corporation created by two major US plaintiffs' firms with the sole purpose of backing the Australian case.
Applicants in four Federal Court class actions against AMP won't voluntarily move their cases to the NSW Supreme Court on the invitation of a state judge, leaving a jurisdictional battle to rage on.
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.
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.
The plaintiffs in a shareholder class action against Commonwealth Bank have taken another stab at their statement of claim, after a judge struck down the part of their pleading alleging the bank's systems for assessing money laundering and terrorism financing risk were deficient.
A NSW Supreme Court judge refused Monday to move one of five class actions filed against AMP to Federal Court, and invited law firms for the other four actions to join the case in the state court.
Law firm Maurice Blackburn has dropped plans for a class action against Retail Food Group alleging the franchisor misled shareholders about the long-term viability of its business model.
Commonwealth Bank of Australia is facing a second shareholder class action after agreeing to fork over $700 million to settle anti-money laundering claims by the government's financial intelligence agency.
A NSW Supreme Court judge has voiced concerns in an unprecedented jurisdictional battle that a decision that leaves competing class actions against AMP still raging in separate courts may force the Federal Court into a corner.