Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.
A judge has ordered employees of supermarket chain Romeo’s to receive a further corrective opt-out notice in class actions against the company following claims that a senior manager again initiated discussions with group members about the case.
Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland’s central bank relating to compliance with anti-money laundering regulations.
The state of Victoria has opted out of two class actions over allegedly combustible cladding, after agreeing to join as a group member last year.
A class action has been filed against the federal government on behalf of First Nations people in the Northern Territory who were allegedly denied wages owed for work performed over a nearly 40-year period.
Describing the federal government’s income-averaging debt collection program as a “shameful chapter”, a judge has approved a $112 million settlement in the Robodebt class action, saying the agreement was fair and reasonable.
Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Combatting “opportunistic” class actions is one of the main drivers behind proposed legislation to reform Australia’s continuous disclosure laws, but the federal treasury department has brushed off a Senate committee’s request for a list of cases apparently deserving of the derogatory tag.
To those who know Tim Finney as the talented solicitor who helped launch a successful law firm at the age of 34, it might come as a surprise to learn that the Litigation Rising Star once had a paying gig as a music journo meditating on, or grappling with, in his own words, “the eternal difficulty of capturing how the sound of sound affects us”, and other things ineffable.
Opal Tower builder Icon and structural engineer WSP Structures have been joined as defendants in a class action brought by property owners, who have also added a slew of consumer law claims to the complex proceedings.