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Downer EDI has named KPMG in a cross-claim in a class action by shareholders, a move the accounting giant says has forced it to resign as auditor for the infrastructure services company.
A judge has ordered a litigation funder bankrolling an investor class action against Virgin Australia to show evidence it can meet a $10 million agreed indemnity with the airline, saying it was not being transparent about its financial position.
A judge has allowed Slater & Gordon to adjourn a fight about security for costs in a shareholder class action against Beach Energy until it has more favourable evidence of its debt financing position, over the energy company’s objection to the “doctrinally unprecedented” application.
A judge has rejected Scenic Tours’ bid to declass a second class action brought by disappointed passengers on a series of European cruises and exclude international customers from the proceeding.
The ACT government has argued the Federal Court cannot hear a class action brought on behalf of public housing tenants who were allegedly forced to relocate.
The law firm behind a class action against Insurance Australia Group has secured a group costs order that will give it 30 per cent of any proceeds -- a contingency fee rate six percentage points higher than the median rate for shareholder cases.
Victoria's Peninsula Health has abandoned an appeal of a ruling in a class action that found it breached workplace laws by failing to pay overtime to a junior doctor, a capitulation that could be a game changer for a series of class actions against health care providers.
More companies may find themselves in the position of Medibank -- which recently failed to stay representative proceedings before the privacy regulator while a related class action is on foot -- so long as the laws remain unchanged, and law firms are willing to gamble on privacy class actions.
A judge has ordered soft class closure in a class action against Suncorp unit AAI over allegedly worthless insurance, saying that knowing how many of the 200,000 group members are likely to participate would assist in resolving the case.
A judge has ordered soft class closure ahead of mediation in a class action against five major banks over alleged foreign exchange rate-rigging, saying the applicant's subjective view on what will assist mediation should not be imposed on the banks.