A judge has signed off on the confidential settlement of a shareholder class action brought against KPMG relating to the failed $830 million hostile takeover of mining firm Discovery Metals, despite objections that the settlement process was “unfair and unjust”.
Maurice Blackburn has launched a rare competition class action against five global investment banks over a conspiracy to manipulate foreign exchange rates that has spawned class actions and lawsuits by regulators across the globe.
Nationwide News’ appeal of actor Geoffrey Rush’s record $2.9 million defamation win will argue the aggravated damages finding in actress Rebel Wilson’s defamation case against Woman’s Day publisher Bauer Media was “plainly wrong”.
The Australian Competition and Consumer Commission has dragged video game giant Sony to court over allegedly deceptive and misleading claims made about games purchased on the PlayStation Network.
An appeals court has slashed a damages judgment against international banknote manufacturer CCL Secure in a case alleging it tricked its Nigerian agent into signing away his commission, cutting the award from $65 million to $1.8 million.
Elite competition groups Allens and Herbert Smith Freehills will represent Vodafone and TPG in their lawsuit filed Friday challenging the Australian Competition and Consumer Commission’s opposition to their proposed $15 billion tie-up.
Mortgage lending and investment firm RMBL Investments has been ordered to withdraw all communications with its customers that encouraged them to opt-out of a consumer protection class action against the firm.
The job of a senior Piper Alderman partner is in jeopardy after a court refused to extend an injunction preventing her from being ousted from the partnership while she battles a sex discrimination case against the firm.
The Australian Competition and Consumer Commission has come up short in its appeal of a ruling that found it had produced insufficient evidence of a laundry detergent cartel, in the first so-called hub and spoke case brought by the competition regulator.
A judge’s decision to pick Maurice Blackburn’s no win, no fee class action against AMP over three funded class actions puts the pressure on litigation funders, which will now face more competition from law firms prepared to go it alone, experts say. The ruling also shows the value courts place on funding arrangements that seek to maximise returns for class members, which means class action beauty parades are sure to get less ugly.
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