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Vocus Group has agreed to settle a shareholder class action over a 2017 profit downgrade, with its insurers footing most of the bill to resolve the proceedings.
Ashurst partner’s appeal flops in Point Piper property spat with ex-judge
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An Ashurst partner that argued a judge was “confused” when he decided to appoint liquidators to his luxury Point Piper home in a dispute with an ex-judge neighbour has lost his challenge to the ruling.
‘Good practical sense’: Judge OKs taxi driver class action against Uber
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Uber has failed to put the brakes on a massive class action alleging the ride-sharing giant engaged in a conspiracy to steal business from taxi and limousine drivers across four states.
Dover can seek access to ASIC files in bid to prove ‘Orwellian’ client protection policy harmed no one
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Defunct Dover Financial, which faces a penalty hearing next year after it was found to have misled customers with an inaptly titled ‘client protection policy’, can bring an application for evidence from the corporate regulator that the policy did not harm anyone.
Dam operators haven’t ruled out appeal in Queensland floods class action
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Dam operators Seqwater and Sunwater have not ruled out appealing a judgment that found they, along with the state of Queensland, were negligent in the 2011 floods in the Southeast region of the state that left over 2,000 homes destroyed.
ASIC takes Volkswagen to court for alleged car loan breaches
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Not bowed by its defeat against Westpac in a case over alleged responsible lending breaches, the Australian Securities and Investments Commission has brought action against Volkswagen alleging similar violations of the credit laws in relation to almost 50,000 car loans over three years.
IMF drops fight over commission in settled Murray Goulburn class action
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Litigation funder IMF Bentham has thrown in the towel in a battle over its cut of a $42 million settlement in a class action against dairy cooperative Murray Goulburn, accepting the Federal Court’s proposed 25 per cent commission rate after initially seeking 32 per cent.
Lawyerly holiday publishing schedule
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In observance of the holidays, Lawyerly will be closed from December 23, 2019 to January 3, 2020. We will resume regular daily publishing on Monday, January 6. If you have any trouble accessing your Lawyerly account or have subscription enquiries during this time, please email subscriptions@lawyerly.com.au.
CIMIC settles shareholder class action over corruption disclosures
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Engineering services company CIMIC has agreed to settle a long-running shareholder class action launched in the wake of media reports of an alleged $42 million bribe paid by the firm to win a lucrative oil contract.
Judge fines Volkswagen $125M after slamming ‘manifestly inadequate’ ACCC settlement
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A Federal Court judge has slapped Volkswagen with a record $125 million penalty over its emissions cheating scandal after expressing outrage at a “manifestly inadequate” $75 million settlement agreement reached with the Australian Competition and Consumer Commission.