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Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.
Commonwealth Bank's wealth management unit Colonial First State Investments faces a new class action on behalf of hundreds of thousands of customers who were allegedly charged excesssive premiums on insurance policies.
Crown Resorts has successfully challenged a ruling allowing law firm Maurice Blackburn to communicate with 18 formerly jailed employees to gather evidence in its shareholder class action against the casino giant.
Two National Australia Bank units have been hit with a class action alleging they violated their duties as superannuation trustees by allegedly failing to transfer members to funds with lower fees.
Litigation funder IMF Bentham has shrugged off concerns about the High Court's recent ruling on common fund orders, telling investors that it's in a position to take over some class actions from funders daunted by the prospect of bookbuilding.
Shareholders of collapsed music streaming platform Guvera have filed a class action against an accounting firm seeking to recoup their losses for the firm's alleged negligence in promoting an investment opportunity in the failed tech company.
Law firm Slater and Gordon is investigating a potential class action on behalf of sports clubs who claim they missed out on funding from a $100 million grants program overseen by Nationals deputy leader Bridget McKenzie.
A common fund order granting the litigation funder behind the stolen wages class action 20 per cent of a $190 million settlement remains in force after a High Court judgment that did away with such orders, a judge has found.