BHP has pushed back on reply submissions in a shareholder class action which the energy company says mistakenly interpret an internal report as putting the risk of collapse of BHP’s wastewater dam in Brazil at 25 to 50 per cent.
The judge who tossed a class action by Quintis’ shareholders should have found a restatement of assets would have materially affected the sandalwood company’s share price “as a matter of common sense”, a court has been told.
A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of “catastrophic” losses.
Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
A judge has said a $360 million settlement in a US class action could be relevant to deciding whether to vary a 25 per cent contingency fee in an Australian class action against Hino Motors, which settled for $87 million.
A judge has awarded carriage of class actions against Hyundai and Kia to Maurice Blackburn after declining to allow a sixth offer by competing firm Banton Group, saying re-bids outside the orderly process of carriage fights must be “carefully assessed”.
A discrimination class action has been filed on behalf of single women and same-sex couples designated “socially infertile” and denied Medicare rebates for IVF.
A class action against Qantas has characterised the airline’s document discovery as “wholly inadequate” and is resisting a bid by the airline for six more months to produce senior management emails.
The judge in a class action against KPMG and ex-Arrium directors has made soft class closure orders, but chosen the longer period offered by the defendants, saying the risk of locking out unregistered members was no reason to pick an “unrealistically early” date to re-open the class.
JB Hi-Fi wants an advance ruling in a class action on the period of cover provided to customers for breach of statutory guarantees under the consumer law, a question that has never been addressed by the courts.