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Funder’s $13.2M cut is 26% of Opal Tower class action settlement
Class Actions 2022-11-11 11:00 pm By Cindy Cameronne

The litigation funder bankrolling a class action on behalf of 383 apartment owners in Sydney’s troubled Opal Tower is seeking a 26 per cent commission […]

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Nuix drags PwC into shareholder class action over $1.8B IPO
Corporate 2022-11-09 11:41 pm By Christine Caulfield

Nuix has pointed the finger at its accountant PricewaterhouseCoopers in the software company’s defence to a class action over a prospectus for its $1.8 billion […]

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CBA says disclosing money laundering failures would have misled the market
Trials 2022-11-09 9:16 pm By Cindy Cameronne

The Commonwealth Bank of Australia has argued that disclosing its money laundering failures before AUSTRAC brought proceedings would have misled the market, as the bank […]

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Class action can’t get its hands on AMP, Clayton Utz emails
Class Actions 2022-11-09 9:24 pm By Sam Matthews

A judge overseeing a class action over AMP’s fees for no service practice has dismissed the applicant’s bid to access communications between AMP and law […]

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In light rail class action trial, NSW government denies it ‘sat back and did nothing’
Trials 2022-11-09 9:49 pm By Sam Matthews

The New South Wales government has rejected a class action’s claims that it dropped the ball in relation to the identification and management of underground […]

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Trial pokes holes in CBA’s claim of ‘cordial’ relationship with AUSTRAC
Trials 2022-11-08 10:04 pm By Cindy Cameronne

While CBA’s defence to a shareholder class action argues the bank did not need to disclose money laundering failures because it doubted AUSTRAC would take […]

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Court approves GCO in Noumi class action but may review lawyers’ cut
Class Actions 2022-11-08 10:40 pm By Sam Matthews

A judge has signed off on a group costs order in a shareholder class action against food company Noumi and auditor Deloitte guaranteeing group members […]

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Shareholders launch second class action against Blue Sky, EY
Securities 2022-11-08 11:57 pm By Cat Fredenburgh

A second securities class action has been filed against failed Blue Sky Alternative Investments and auditor EY alleging financial reports materially overstated the health of […]

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Virgin’s insurers may be pulled into bond holders class action
Class Actions 2022-11-08 4:02 pm By Cindy Cameronne

Virgin Australia’s insurers may be dragged into a class action accusing the airline of failing to disclose its true financial position in a 2019 prospectus […]

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‘Law breaking on a grand scale:’ CBA’s money laundering failures on trial
Class Actions 2022-11-07 11:22 pm By Cindy Cameronne

The Commonwealth Bank of Australia knew about a “catastrophic” code error that caused widespread non-compliance with money laundering rules two years before it was disclosed […]

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