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An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.
Treasury Wine Estates will seek to shut down a shareholder class action brought by Maurice Blackburn after accusing the law firm of breaching its obligations and using documents from a prior lawsuit against the global wine distributor in the current proceedings.
Slater and Gordon's conduct when settling a previous securities class action against it armed the lead plaintiff with the information he needed to later bring a class action against Arnold Bloch Leibler, a court has heard.
In its latest move aimed at shielding companies from "opportunistic class actions", the Morrison government has announced a temporary change to the continuous disclosure rules to give companies more wriggle room in updating shareholders during the coronavirus pandemic.
A proposed notice to eligible group members in Maurice Blackburn's class action against AMP over its fees for no services scandal threatened to bar unregistered shareholders from any settlement stemming from mediation in the case, a threat barred by a recent ruling finding that courts have no power to close class actions to signed up group members, an appeals court has heard.
Logistics company GetSwift and its directors have failed in a bid for a year-long delay of a trial scheduled to start next month in ASIC's case alleging breaches of the Corporations Act, despite arguing that the procedural unfairness of a remote hearing gave the regulator a leg-up over the US-based company.
A leading class actions lawyer from Maurice Blackburn "stumbled across" allegedly confidential information embedded in a Treasury Wine Estates' shareholder presentation and used it in the law firm's class action pleadings, a court has heard.
A contest of two competing shareholder class actions against Westpac over millions of alleged anti-money laundering breaches has ended with one law firm and its funder bowing out.
A judge has declined to put a Maurice Blackburn-led class action against AMP on hold while the High Court decides whether to overturn a ruling awarding the firm carriage of the matter following a high-stakes battle against three other law firms.
A closely watched shareholder class action against Myer over an inflated profit forecast from former CEO Bernie Brookes has been dropped, after a court found the retail giant misled shareholders but that they suffered no harm.