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Appco drops appeal in ‘sham’ contracting class action
Class Actions 2018-10-26 11:25 pm By Cat Fredenburgh

Fundraising company Appco Group has dropped its appeal of a judge’s decision to let an $85 million wage case against it move forward as a class action.

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ANZ to get ASIC probe docs in $2.5B share placement case
Securities 2018-10-26 10:20 pm By Cat Fredenburgh

ASIC has been given a little over a month to provide ANZ with documents it collected during the course of its investigation into a $2.5 billion ANZ share placement, as the bank, which is facing a related criminal cartel case, mulls whether to file an application to stay the regulator’s action.

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Judge urges class action lawyers to solve multiplicity problem
Class Actions 2018-10-26 4:45 pm By Christine Caulfield

Blasting the battle of competing class actions as a fight for the “commercial interests” of litigation funders not class members, a judge has called on lawyers for two shareholder actions against Brambles to settle the dispute themselves.

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VW must hand over docs on Dieselgate’s impact on car prices
Competition & Consumer Protection 2018-10-26 12:00 pm By Cat Fredenburgh

A Federal Court judge has ordered Volkswagen to produce documents related to its calculations on how its emissions cheating scandal could affect car prices.

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Woolworths bags $100M shareholder class action
Class Actions 2018-10-25 9:56 pm By Cat Fredenburgh

Woolworths has shot back at claims in a shareholder class action that it breached its continuous disclosure obligations, saying the lawsuit doesn’t allege there was material information it should have disclosed to shareholders in advance of its downward revision of a 2015 profit guidance.

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Ray White promised agents riches, then axed them, suits say
Employment 2018-10-25 3:14 pm By Christine Caulfield

Real estate group Ray White has been hit with lawsuits by two sacked directors of its projects unit, who claim they turned down profit-sharing job offers from industry rivals for lucrative, long-term employment with the family-owned agency that lasted seven months.

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Court urged to reject $35M Westpac settlement with ASIC
Financial Services 2018-10-24 8:17 pm By Miklos Bolza

Former Solicitor-General Justin Gleeson, SC, told a Federal Court judge Wednesday to reject a proposed $35 million deal between ASIC and Westpac, saying the bank should pay at least $100 million if it committed the responsible lending breaches alleged by the regulator.

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AMS loses bid to restrict group size in pelvic mesh class action
Class Actions 2018-10-24 7:36 pm By Cat Fredenburgh

The judge overseeing a class action against American Medical Systems over allegedly defective pelvic mesh implants has rejected the medical device maker’s bid to alter the start date for a sub-group of class members.

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Heinz drops appeal in sugary kids snacks case
Appeals 2018-10-24 12:35 pm By Cat Fredenburgh

H.J. Heinz Company has dropped its appeal of a ruling that it marketed its sugary snacks to kids as healthy, after the ACCC won a fraction of the $10 million fine it sought for the consumer law violations.

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ACCC to act as intervenor in Nature’s Care case over Australian Made logo
Competition & Consumer Protection 2018-10-23 10:40 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has successfully escaped a lawsuit by a Chinese vitamin company Nature’s Care after arguing it had been wrongly “dragged” into the case.

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