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Commonwealth Bank and its wealth management unit Colonial First State have been hit with a class action alleging Colonial First State dumped customers' retirement savings into uncompetitive CBA investments with returns as low as 1.25 per cent.
The lawyers leading a class action seeking damages from electrical distributor Endeavour Energy over the 2013 Mt Victoria bushfires have made a bid to amend the pleadings as the six-week kicked off Monday in the NSW Supreme Court.
A Federal Court judge that threw out a consumer class action against MyBudget has denied the budget management company's bid for costs, finding the case was brought in the public interest.
A Federal Court judge has allowed the plaintiffs in a class action alleging a unit of Westpac failed to detect the fraud of convicted Ponzi schemer Michael Samra to proceed with their claims against Samra's defunct company.
Shine Lawyers has acquired boutique class action firm ACA lawyers, a deal that will create the second largest class action firm in Australia by caseload and position the firm to take advantage of an expected increase in shareholder class action work.
The litigation funder backing a class action against engineering company UGL over disclosures related to the ballooning costs of its Ichthys power project could pocket up to 30 percent of any settlement or judgment, according to a court order.
Macmahon Holdings has agreed to pay $6.7 million to settle a shareholder class action alleging the mining company failed to provide adequate disclosures about the impact delays on a project for Rio Tinto in the Pilbara would have on its profitability.
BHP and Vale SA have reportedly reached an agreement with Brazilian prosecutors to compensate victims of the Fundao dam collapse at the companies' Samarco mine three years ago.
A settlement offer promising swift payment that was sent to class members in a lawsuit against Powercor Australia over the 2018 St Patrick's Day bushfires in Victoria was misleading, a judge has found.
Investment manager Blue Sky, which is currently facing three shareholder class action investigations, has admitted to incorrectly charging $4.1 million in fees to certain funds over a ten-year period.