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The NSW government has flagged a possible challenge to a class action over Sydney's $3 billion delayed light rail project as the four-week trial scheduled for June is pushed back another year to allow time for more discovery.
Maurice Blackburn has become the second law firm to consider a shareholder class action against Treasury Wine Estates over a recent earnings downgrade.
The funder behind the recently resolved shareholder class action against teleco Vocus will ask a judge to make a common fund order at a hearing to approve a $35 million settlement of the case, the first common fund order since the High Court appeared to put the kibosh on them.
A class action brought against 7-Eleven claims the convenience store chain ordered franchisees to purchase goods from supplier C-Store so that 7-Eleven could meet its obligation under a contract with the Metcash-owned supplier.
Westpac is now facing at least eight class actions in various US courts seeking $200 million from the bank for allegedly failing to alert shareholders to violations of anti-money laundering laws.
After failing to persuade the court at trial, shareholders in a class action against Myer have another chance to prove they suffered financial loss after the department store was found to have repeatedly neglected to correct an inflated profit forecast from former CEO Bernie Brookes five years ago.
A judge overseeing the first of what could be many shareholder class actions over Westpac's anti-money laundering breaches -- brought by class action specialists Phi Finney McDonald -- has given other law firms a three-week deadline to notify the court if they plan to file competing proceedings.
Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than 23 million occasions, in the first lawsuit to point the finger at the company's executives.
Facing a class action by shareholders alleging negligence over advice to Slater & Gordon, law firm Arnold Bloch Leibler is bringing proceedings against its former client to use files in defence of the case.
Treasury Wine Estates may be hit with a shareholder class action following a recent surprise earnings downgrade that led to a drop in the company's share price.