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The Commonwealth of Australia is preparing a special leave application to the High Court challenging a NSW Court of Appeal decision reviving a class action brought on behalf of sailors over an allegedly broken Navy training promise.
The Kingdom of Spain is contesting attempts to enforce two arbitration awards worth $392 million in the Federal Court, claiming sovereign immunity as it attempts to shut the proceedings down.
A judge has granted a bid by the applicant in a class action against National Australia Bank over the sale of allegedly worthless credit card insurance to include customers who took out personal loan insurance, in a ruling that could significantly expand the case.
An attempt by applicants in two franchisee class actions against 7-Eleven to limit communications between the convenience store giant and group members ahead of a hearing to approve a confidential settlement with ANZ, the bank that loaned money to the franchisees, unfairly delays approval of the settlement until next year, a court has heard.
The Federal Court has approved a $14.6 million class action settlement with private training company Ashley Services, auditors Deloitte and Grant Thornton, and Holmes Management Group, with IMF Bentham set to pocket around $4.8 million for funding the litigation.
The Australian Competition and Consumer Commission has raised competition concerns about rural supply giant Landmark's proposed $469 million takeover of competitor Ruralco, a move that would consolidate two of the three largest players in the rural merchandise market.
The Australian Competition and Consumer Commission has come up short again in its challenge to Pacific National's $205 million acquisition of competitor Aurizon's Queensland freight terminal, with a judge shooting down the regulator's request for a variation of Pacific's undertaking that it will not block third parties from accessing the terminal.
More than 55 percent of the 154 settlements reached in federal class actions in Australia are lacking critical information about the deal, and the extensive use by judges of confidentiality orders is partly to blame, according to a new paper by a leading class action expert.
Banking giant Westpac has settled an investor class action brought by Levitt Robinson for its alleged role in an unregistered managed investment scheme.
Slater and Gordon is looking to significantly expand its class action against National Australia Bank over the sale of "worthless" credit card insurance to include personal loan customers who were sold allegedly unsuitable insurance policies.