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Shareholder class actions protect shareholder value and promote long-term system changes, an Australian superannuation fund has told the government’s latest class action inquiry.
Top silk abandons defence, expresses ‘very deep regret’ over conduct in Banksia class action
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Barrister Norman O’Bryan SC has abandoned his defence of misconduct allegations stemming from the Banksia Securities class action and expressed contrition to the court for his actions.
Media companies can file evidence of another alleged murder in Roberts-Smith defamation case
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Media companies that are fighting defamation proceedings over articles that accused decorated war veteran Ben Roberts-Smith of war crimes have won court permission to amend their defence to include evidence the soldier was involved in another alleged murder.
Gilbert + Tobin faces appeal by Sydney businessman Charif Kazal
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Sydney businessmen Charif and Tarek Kazal have appealed a ruling that found their claims against Gilbert + Tobin over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility were “fundamentally incoherent”.
Waived on through: Federal Court highlights the fine distinctions that govern waiver of privilege
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A recent decision in ASIC’s case against ANZ has highlighted the potential risks of waiver of client legal privilege, with the Federal Court observing that the distinctions can be “fine”. While ANZ avoided having to disclose its legal advice to the regulator, the decision is a reminder of the potential pitfalls of referring to legal advice in correspondence, and that pleading a state of mind in litigation carries risks from a privilege perspective, says Hall & Wilcox partner Jacob Uljans.
Lawyers say judge has power to close class action with tweak to group member definition
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Lawyers running a class action against recycling company Sims Metal Management say the court has power to approve their bid to amend the group member definition that will effectively close the class, but the judge overseeing the case will appoint a contradictor to represent group members in a hearing over the application.
Maurice Blackburn escapes discrimination case by former client
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A judge has shut down a former Qantas customer service manager’s bid to pursue a disability discrimination case against Maurice Blackburn alleging the law firm put pressure on her to settle her workers compensation case against the airline.
Commonwealth Bank, Westpac’s BT face potential class actions over insurance ‘rort’
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Shine Lawyers is investigating two new class actions against Commonwealth Bank of Australia and Westpac’s BT Funds Management over allegedly excessive insurance premiums, a week after filing a similar case against AMP’s life insurance arm.
Google, Facebook face fines of at least $10M for breaches of ACCC media bargaining code
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Google and Facebook will face penalties of at least $10 million for breaches of a media bargaining code drafted by the ACCC that aims to create a “level playing field” between Australian media companies and the tech giants.
ASIC scores ‘narrow’ win in case against ex-Tennis Australia director
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A judge has handed ASIC a “narrow” win in its action against former Tennis Australia director Harold Mitchell, tossing most of the regulator’s case and accusing it of “confirmatory bias”.