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Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action.
S&P has reached a settlement in a case by two Cayman Island companies over alleged defective ratings but a class action won’t settle until “hell freezes over,” a court has heard.
A judge has OK'd a settlement in a class action against Treasury Wine Estates, along with $27 million in fees charged by Maurice Blackburn and Slater & Gordon, after initially questioning the difference between the firms' rates.
A judge has recused himself from hearing a class action against Fletcher Building, and has imposed a ban on presiding over any cases involving Maurice Blackburn for a period of time.
A judge has kept intact a lead applicant’s award of damages in a class action over alleged defective Ford vehicles, following a High Court decision, siding with neither party on what the figure should be.
A judge has held off on orders requiring Maurice Blackburn to turn over financial information to Sportsbet in a class action over unlawful in-play betting, saying the parties should first confer on the issue of security for costs.
The funder of a failed class action against the founder of sandalwood producer Quintis and EY and has been hit with costs, despite arguing the order would set a bad precedent.
A judge has temporarily excused uranium miner Paladin Energy from providing initial discovery in a shareholder class action, as the parties wait for a competing class action to be filed.
The state of Victoria has sounded alarm bells about an amendment application by a class action over the COVID-19 hotel quarantine debacle, telling a judge it amounts to a new case with an “infinite number of permutations”.