Sydney-based law firm Bannister Law has asked a court to consolidate two class actions against troubled sandalwood oil producer Quintis, and has made its pitch for leading the joint proceedings.
Maurice Blackburn has filed its promised class action against BHP Billiton over the Brazilian dam collapse, and the case puts a twist on typical funding arrangements, with the law firm looking to earn what it dubs a “litigation services fee” for financing the case itself.
Auditing firm Deloitte Touche Tohmatsu wants to challenge a ruling that forces some of its partners to hand over evidence to shareholders in a class action over accounting work for collapsed engineering company Hastie Group.
AMP has prevailed in a hard-fought fight over where it will defend five shareholder class actions brought in the wake of the Banking Royal Commission, in a precedent-setting judgement that provides a road map for future jurisdictional battles over competing class actions.
Correspondence to a law firm revealing a client’s identity was covered by legal professional privilege because the firm’s advice was contingent on the client providing his name, a court has ruled.
The Commonwealth Bank of Australia is seeking to strike out portions of a shareholder class action over allegedly lax anti-money laundering and anti-terrorism financing controls it calls a “vague penumbra” that leaves the bank in the dark about the case against it.
A jury has found the former managing director of South Australian mining exploration company Golden Fields Resources guilty of two counts of insider trading, the corporate regulator said Tuesday.
The High Court has granted special leave to appeal a lifelong ASIC ban to a broker a judge once described as “loose with the truth” and as carrying a “massive bag of dishonest conduct” with him.
Milk supplier Murray Goulburn has been hit with a second class action over its profit forecast revision in 2016 that wiped 40 percent off the dairy cooperative’s investment value.
Westpac admits that it violated the Corporations Act by awarding high performance marks to a financial adviser whose work was flagged for compliance concerns during several internal reviews.