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A class action targeting security companies contracted by the Victorian government to guard returning travellers in hotel quarantine has been launched, bringing to three the number of group proceedings filed over the botched program.
An appeals court has set aside an order requiring Alex Elliott, the son of the funder behind the Banksia securities class action, to give a “full and frank” explanation of his role in an alleged fraudulent scheme to inflate legal fees in the case.
The funder backing a shareholder class action against the directors of pharmaceutical firm QRxPharma will not seek to profit from a $7 million settlement in order to bring about a better return for group members, a judge has been told.
A judge has denied a request to grant priority status to a shareholder class action against Crown Resorts that would have allowed the Melbourne-based legal team running the case to access childcare and leave their homes for work while the state of Victoria remains in lockdown.
The Morrison Government has extended a temporary change to the continuous disclosure rules to give companies more wriggle room in updating shareholders during the coronavirus pandemic by six months, saying the change had allowed shareholders to remain informed while preventing "opportunistic class actions".
A judge has slammed the parties in the Robodebt class action for sparring over the pleadings, one week after the class was given leave to add a claim for exemplary damages and allege knowledge of the program's unlawfulness on the part of several government officials and federal minister Alan Tudge.
An upcoming legal battle over whether counterclaims can be brought against non-party group members in a class action against a unit of recruiter Tandem could hamper bookbuilding efforts by making class actions less attractive to group members, an expert has told Lawyerly.
A shareholder class action against Vocation that has spanned five years and spawned multiple cross claims against the failed training company's auditor, law firm and individual directors, has reached an in-principle settlement.
The Andrews government is facing another COVID-19 related class action, this one on behalf of farm operators financially stung by Victorian and South Australian border closures.
Insurers of sandalwood producer Quintis have told a court that a rectification suit brought by the applicants in two class actions seeking to increase D&O coverage by $40 million, "makes no sense".