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Lawyers behind four quasi representative proceedings against the liquidators of collapsed HIH Insurance have launched a bid to recoup the costs of their successful 18-year-long legal battle.
Flight Centre pays $252,000 for misleading holiday vouchers
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Flight Centre has agreed to hand over $252,000 in penalties after the consumer watchdog slapped the travel giant with infringement notices for holiday promotions that potentially duped customers.
Judge tosses Babcock & Brown cases, finds ‘serious problems’ with market-based causation
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A judge has dismissed three proceedings by shareholders against the liquidator of failed global financial services firm Babcock & Brown, in a finding that highlights “serious problems” with market-based causation and may have ramifications for securities class actions.
Cash Converters to pay $42.5M to settle personal loans class action
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Cash Converters has agreed to pay $42.5 million to settle a class action brought on behalf of consumers that took out personal loans, after reaching a $16.4 million settlement last year in a class action over interest charged on short-term loans.
Monsanto faces class action in Australia over Roundup weedkiller
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Agricultural giant Monsanto is facing a class action in Australia over the marketing of its Roundup weedkiller, after being hit with a landmark US$ 2 billion verdict in the United States.
Former GM settles lawsuit against Manpower over termination
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A former general manager of Manpower Services has settled a lawsuit brought against the international recruitment company alleging he was unlawfully terminated for complaining about the performance of the company’s Experis brand.
Judge approves BankSA class action settlement, awards law firm for prep work
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A judge has signed off on a settlement of a long-running class action against Westpac unit BankSA, and has ruled the law firm that brought the case has an equitable right to unpaid legal costs for investigating the case before it found a funder.
Ex-Tennis Australia director can’t enforce ‘catch-all’ subpoenas for board member emails
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Ex-Tennis Australia director and current Dentons partner Steve Healy, who is facing action by the corporate regulator over the broadcast rights to the Australian Open, has lost a bid for access to six years of emails between two other former board members.
CBA’s Colonial First State faces another superannuation class action
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Commonwealth Bank’s wealth management unit Colonial First State has been hit with a second class action in as many days, this one alleging it charged excesssive superannuation fees to fund commissions to financial advisers.
Full Court shoots down Fortescue’s appeal of native title ruling
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Mining magnate Andrew Forest’s Fortescue Metals is facing a possible compensation claim after losing its appeal of a ruling that granted native title to to the Yinjibarndi people over a large section of land in the Pilbara region of Western Australia.