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Fitch settles investor class action over credit ratings on toxic SCDOs
Fitch Ratings has agreed to settle the last of the investor class actions in Australia flowing from the global financial crisis, a court heard Friday.
Uber Eats makes restaurant contracts easier to swallow after ACCC scrutiny
Uber Eats will overhaul its contracts with restaurants after an investigation by the Australian Competition and Consumer Commission found the agreements unfairly favoured the food delivery service.
Judge ‘troubled’ by bid to extend class closure order in UGL shareholder action
A judge overseeing a class action against engineering company UGL has agreed to extend a class closure order to give the parties a second chance to resolve the case in mediation, but not without expressing concerns that the order did not have the intended effect of encouraging settlement at the first sit-down.
ACCC launches safety review of baby sleep products after US deaths
The Australian Competition and Consumer Commission has launched a safety review of bouncers, rockers and inclined sleep products for babies after at least 74 infant fatalities were reported in the United States.
Actor John Jarratt’s defamation case against Daily Telegraph to move forward following rape acquittal
A defamation case brought by Wolf Creek actor John Jarratt against the Daily Telegraph will now proceed, following his acquittal last week on rape charges.
Referee to weigh in on costs in $42M Murray Goulburn class action settlement
A Federal Court judge has appointed a costs referee in a shareholder class action against two units of dairy co-op Murray Goulburn over a 2016 profit forecast revision which recently settled for $42 million.
Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought by IT company Computer Sciences Corporation, but has avoided orders compelling him to take the witness stand.
AMS doubles down on defence in vaginal mesh class action
Medical device manufacturer American Medical Systems has reasserted that it cannot face claims under Australian consumer laws over its allegedly defective vaginal mesh products because it only supplied the products to a US subsidiary.
Malaysia Airlines settles class action by Australian MH17 families
Malaysia Airlines has reached a settlement with five Australian families whose loved ones were killed when flight MH17 was shot down over eastern Ukraine by a Russian missile five years ago.