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Airbags class action against Volkswagen suffers High Court loss
Appeals 2024-02-08 10:28 pm By Cat Fredenburgh

The High Court has refused special leave in a failed class action against Volkswagen over allegedly defective Takata airbags.

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Online broker IC Markets faces second class action over CFDs
Class Actions 2024-02-07 10:19 pm By Cindy Cameronne

Online broker International Capital Markets has been hit with a second class action for selling “excessively risky” derivative products known as contracts for difference to retail investors. 

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Former ACCC head calls on government to address price-gouging
Competition & Consumer Protection 2024-02-07 10:26 pm By Cat Fredenburgh

A report by former ACCC head Allan Fels has found that corporate greed and lack of competition is to blame for the continued high prices experienced by Australians and called on the government to take action to fill the regulatory gaps that allow businesses to engage in price-gouging.

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Law firms team up to run class action against IG Markets over CFDs
Financial Services 2024-02-06 3:04 pm By Cindy Cameronne

Two firms have agreed to consolidate their class actions against online trading platform IG Markets over risky CFDs, but the company failed in a bid to have the two funders behind the cases liable for 100% of any security for costs order lest one funder defaults.

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Ruby Princess class action rejected $15M settlement offer, court told
Class Actions 2024-02-05 4:11 pm By Cindy Cameronne

Cruise ship operator Carnival PLC has flagged a bid for indemnity costs after the lead applicant in a class action over a COVID-19 outbreak aboard the Ruby Princess rejected a $15 million settlement offer.

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‘Merger parties must make their case’, ACCC says in push for merger overhaul
Competition & Consumer Protection 2024-02-02 10:34 pm By Cindy Cameronne

Australia’s merger review regime is “outdated” and in need of an overhaul, according to the Australian Competition and Consumer Commission, which says companies must explain why their acquisitions should get the all-clear.

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COVID-19 aged care class actions put on ice pending criminal trials
Class Actions 2024-02-01 3:40 pm By Sam Matthews

Still in the dark about insurance coverage and seeking to stem the flow of cash, two class actions against Heritage Care and St Basil’s over COVID-19 outbreaks have been shelved pending the outcome of criminal cases against the Victorian aged care providers, in a decision the judge said “wouldn’t gladden the hearts of group members”. 

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Boral shareholders can run ‘novel’ case on loss in disclosure class action
Class Actions 2024-02-01 5:26 pm By Cindy Cameronne

Construction giant Boral has lost its bid to block a class action from running a ‘novel’ argument that shareholders suffered loss because of natural fluctuations in share price, rather than as a direct result of alleged continuous disclosure breaches. 

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Webb Henderson lures senior disputes partner from Corrs Chambers
Business of Law 2024-02-01 10:13 pm By Cat Fredenburgh

Webb Henderson has snagged a leading litigation and regulatory partner from Corrs Chambers Westgarth to join its team in Sydney.

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New judge vows to not be ‘cranky’, looks forward to bench-eye view of the Bar
Courts 2024-01-30 11:17 pm By Cindy Cameronne

The latest judge to join the NSW Supreme Court has expressed a desire to foster a serious but collegiate environment for advocates and has remarked on the rising importance of legal directories for barristers. 

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