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Astora Health says $27M best bet for class action members, warns of ‘financial difficulties’
Class Actions 2022-02-01 12:50 pm By Cat Fredenburgh Melbourne
Astora Women's Health says group members should accept an open $27 million settlement offer in a class action over its allegedly defective pelvic mesh devices, warning that "financial difficulties" may prevent it from meeting any judgment if the case succeeds at trial.
McDonald’s hit with third lawsuit over unpaid rest breaks
Employment 2022-01-25 9:51 pm By Cindy Cameronne Sydney
McDonald’s has been hit with a lawsuit on behalf of 339 employees across four states alleging it systematically failed to give workers paid 10-minute breaks, a month after a class action was filed against the fast food giant for allegedly denying workers rest breaks.
Dixon Advisory files for administration, blaming class actions
Restructuring & Insolvency 2022-01-19 10:40 am By Cat Fredenburgh Melbourne
Embattled wealth advisor Dixon Advisory has filed for administration, saying its potential liability in two class actions and a $7.2 million penalty it agreed to pay in ASIC proceedings mean it is likely to become insolvent in the future.
AUSTRAC widens probe into Star Entertainment as class actions loom
Gaming 2022-01-14 11:18 pm By Cat Fredenburgh Melbourne
AUSTRAC has expanded into investigation into Star Entertainment's compliance with anti-money laundering laws, two months after a third law firm announced a shareholder class action investigation into the casino operator on the back of damning media reports.
Dixon Advisory hit with second class action over advice fees
Class Actions 2021-12-23 9:32 pm By Bianca Hrovat Sydney
Dixon Advisory faces a second class action on behalf of investors who claim they suffered significant financial loss when the advice firm and its directors allegedly encouraged the purchase of high risk, high fee securities for their own financial gain.
Class action claims EML Payments misled shareholders over money laundering concerns
Class Actions 2021-12-16 6:41 pm By Christine Caulfield Melbourne
Payments processing company EML has been hit with a class action over its alleged failure to notify shareholders of concerns by Ireland's central bank relating to compliance with anti-money laundering regulations.
‘Full-blooded’ fight brewing between competing a2 Milk class actions
Class Actions 2021-12-10 4:21 pm By Bianca Hrovat Sydney
A “full-blooded carriage fight” is set down for next year between two competing class actions alleging dairy giant a2 Milk misled shareholders with an overly optimistic prediction of its infant formula sales.
Class action accuses McDonald’s of denying workers unpaid rest breaks
Employment 2021-12-07 1:02 pm By Bianca Hrovat Sydney
Fast food giant McDonald’s has been hit with a class action alleging it systematically failed to provide employees with paid 10 minute rest breaks.
Threat of class action reform prompts rush to court
Class Actions 2021-12-01 5:47 pm By Christine Caulfield Melbourne
Fearing passage of a contentious bill in parliament that threatens to curb open class actions, plaintiffs law firms and funders have raced to court with new cases in the past two weeks.
AMP’s bid to declass insurance class action ‘antithesis’ of interests of justice, court rules
Class Actions 2021-11-26 2:36 pm By Bianca Hrovat Sydney
Financial services company AMP has lost its bid to de-class representative proceedings brought on behalf of 1.5 million insurance customers.
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