Australia’s largest childcare centre operator G8 Education has agreed to pay $46.5 million to settle a shareholder class action alleging the company failed to keep investors in the loop about factors affecting its 2017 financial performance, and the firm that ran the case is set to make $13 million after securing the first group costs order in Victoria.
ANZ has agreed to pay $57.5 million in a settlement of a class action over retrospective interest charges on credit cards.
Hitting back at claims that its App Store stifles competition, Apple has told a trial that app developers have myriad ways of maximising profits without paying it a commission, noting Epic Games made US$3.8 billion from in-game currency V-Bucks in 2021.
A solicitor who posted comments on his client’s Facebook page about an ongoing criminal proceeding has been reprimanded for improper use of social media.
A five-year-old class action against BHP over the collapse of a Brazilian dam is seeking to amend the group definition following a judgment limiting the class size, but the mining company says it should not be punished for the applicant’s pleading mistake.
A former EY partner is trying again to keep their identity secret in proceedings brought by the Tax Office alleging they promoted tax exploitation schemes.
Westpac subsidiary BT Funds Management and Tal Life Insurance have foreshadowed applications to strike out the pleadings of a class action alleging superannuation customers were overcharged for insurance coverage.
The lead plaintiff and several group members in a class action against the Australian Football League on behalf of players who allegedly suffered brain injuries have “very strong” opposition to adding individual clubs, a court has heard.
A judge has dismissed the corporate regulator’s first-ever case over unfair insurance contracts terms, finding it was not unfair for an insurer to require customers to notify it if anything changed about their home or its contents.
The Australian Securities and Investments Commission has won an interim travel ban against the CEO of software company Dubber Corporation and its external solicitor in Melbourne, with the regulator saying it suspects misuse of term deposit funds.
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