The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
Brokerage firm International Capital Markets says a class action over risky financial products must put up or shut up when it comes to claims in the case that neither applicant has standing to bring.
Applicants in class actions against Hyundai and Kia have complained they are being left in the dark about whether a competing set of cases will amend their pleadings ahead of next month’s law firm carriage fight.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm’s administrator.
Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.
Applicants in class actions against Hyundai and Kia over alleged defective braking will pay the car manufacturers’ costs incurred for abandoned appeals, despite arguing the appeals were overtaken by subsequent events.
Class actions against Hyundai and Kia over alleged defective anti-lock braking systems could expand “dramatically”, a court has heard, as a contest over competing cases ticks over into a second year.
A former PricewaterhouseCoopers partner has settled his case against the consulting giant, which alleged he was denied promised retirement payments.
A judge recently made the rare decision to declass a representative case, and experts say we may see more of the difficult applications as class actions move into areas with greater variation in the circumstances of group members.
A judge has questioned the need for solicitors in a class action against Jaguar to be involved in discovery of internal investigations by the car maker when a technical referee is to be appointed.