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CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
Judgment in CBA class actions could affect insider trading cases, Full Court told
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The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.
Second law firm investigating class action against Coles, Woolworths
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Coles and Woolworths face a possible second class action over alleged dodgy discounts the subject of enforcement action by the consumer watchdog.
NSW police can’t subpoena group members’ names in strip search class action
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The NSW government’s bid for the names of 2,316 registered group members in a class action over strip searches at music festivals has been knocked back by the court.
Judge calls out Corrs Chambers’ ‘combative’ conduct in building defects suit
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A judge has called out the “combative correspondence” between solicitors at Corrs Chambers and another law firm in a construction defects suit.
Bunnings’ facial recognition tech found to have breached privacy laws
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Bunnings has been found to have breached privacy laws with the use of facial recognition technology in its stores, but the hardware chain has vowed to seek a review of the decision.
HESTA to pay members stung by ‘unfair’ COVID-19 revaluations
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The trustees of super fund HESTA have agreed to make payments to two groups of members impacted by valuation decisions made at the start of the COVID-19 pandemic.
Marsh fights ‘serious’ finding it used Greensill litigation docs in UK case
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Insurer Marsh has wasted no time in appealing a ruling that it breached an obligation not to use documents discovered in litigation over the $7 billion collapse of Greensill in separate proceedings.
CBA class action judge used ‘far too onerous’ test, appeals court told
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Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems.
Fletcher can’t pry into judge’s background as law firm class action head
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Evidence sought by Fletcher Building from a judge’s former law firm as part of the construction company’s recusal bid is inadmissible, a court has ruled.