A law firm is probing a shareholder class action against former ASX-listed Salt Lake Potash and auditor EY, alleging the company failed to disclose material information about its financial position before entering receivership in late 2021.
A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks over ‘junk’ consumer credit insurance — was fair and reasonable, a judge has said.
A settlement with directors in an investor class action brought over the collapse of advisory firm Linchpin Capital is in the interests of group members, a judge has said.
Shine Lawyers has been ordered to hand over its costs agreement with the lead applicant in a class action over norovirus outbreaks on Carnival’s Sun Princess cruise ship, amid a likely plan by the cruise operator to seek security for costs in the no win, no fee class action.
A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has flagged the possibility of appointing a contradictor to examine the litigation funder’s claimed cut of the settlement, which includes a deduction of over $1 million to cover the costs of after-the-event insurance.
A class action against AGL Energy alleges the Big three energy supplier’s adoption of “gaming” strategies in the supply of electricity in South Australia led to anomalous price spikes in the state.
A judge overseeing five lawsuits seeking compensation on behalf of AFL players who allegedly suffered brain injuries has set the stage for a class action beauty parade, as one law firm flags a possible sixth action.
The judge weighing the legal costs sought to be deducted from a $300 million settlement in pelvic mesh class actions against Johnson & Johnson has questioned Shine Lawyers’ bid to make group members pay $32 million in interest incurred on a loan the firm took out at “credit card” rates.
A shareholder class action against KPMG and the directors of defunct mining company CuDeco is seeking insurance information and a limited number of documents from the directors ahead of mediation, to avoid a “train wreck” of a case, a court has heard.
A $438,000 settlement in a class action accusing a unit of engineering company CIMIC of underpaying casual aluminium construction and manufacturing workers has won court approval.