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Corporate Travel Management and auditor PricewaterhouseCoopers face a second class action investigation after an 85 per cent drop in the travel agency's share price following a year-long trading suspension.
In reply submissions filed with the High Court, a class action against Homes Victoria over the demolition of public housing towers in Melbourne says residents had no real choice but to vacate and slams the government's attempts to minimise the impact of its decision.
In their defences to a shareholder class action, Mineral Resources’ and founder Chris Ellison have denied that two payments totalling $3.8 million needed to be disclosed to the market as related party transactions.
Maurice Blackburn is seeking to increase its cut of an $87 million settlement in a class action against Hino after a court slashed the payout by $10 million.
Oil and gas company Beach Energy has agreed to pay $43. 5 million to settle a shareholder class action on the eve of trial.
A judge has signed off on a partial settlement in a class action brought by the owners of lots in an allegedly shoddy townhouse development in Sydney.
Hyundai and Kia are calling for court orders that drivers sign up if they want a slice of any settlement in defects class actions, pointing to data that shows just one of 400,000 group members has made a claim on their vehicle warranty.
Former NAB super fund trustee NULIS Nominees has urged the High Court to reject a special leave application in a failed class action over $165 million in conflicted remuneration, saying the appeal is highly fact-specific and doesn't raise a matter of public importance.
The lawyers and funder behind a settled class action against AMP will ask a court to OK fees and commission totalling almost $22 million, a bill that leaves just $7 million for group members but represents a $43 million loss on actual costs.
A contradictor will weigh in on an $18 million settlement in a class action by Sydney homeowners, even though the funder and law firm have agreed to a cut from their deductions, which would have left just 20 per cent of the settlement for group members.