IG Markets faces a potential class action on behalf of up to 20,000 everyday investors who have allegedly lost hundreds of millions of dollars trading in complex financial products known as contracts for difference, or CFDs.
US medical device manufacturer Boston Scientific has withdrawn a controversial gag clause from of its $105 million deal to settle a class action by women allegedly injured by pelvic mesh devices after a judge raised concerns about its legality.
Fox News CEO Lachlan Murdoch has told a court that Crikey publisher Private Media will be hard-pressed to use a new public interest defence as a shield against his defamation suit over an article allegedly linking the media mogul to the January 6 attack on the US Capital.
In a win for the corporate regulator, an appeals court has rejected investment group Mayfair 101’s appeal of a $30M penalty following a judge’s finding that it misled investors about the level of risk of its financial products.
A judge has found mining tool company Globaltech and mineral exploration company Boart Longyear infringed a patent for a mining tool owned by Australian Mud Company.
Law firm HWL Ebsworth has defeated a Brisbane property developer’s appeal of a ruling that found the firm did not owe the former client damages for its negligence in failing to properly follow instructions on a contract of sale for large block of units.
Teleco contractor BSA, which resolved a class action by its workforce for $20 million, won’t be recouping the costs of legal action to exclude a $13 million capital raising from the settlement.
Japanese truck maker Hino has been hit with a class action alleging the Toyota unit misrepresented that it vehicles met Australian emissions and road standards over a 20 year period, after the car company admitted to cheating on emissions and fuel economy tests in Japan.
A judge has savaged Shine Lawyers over its failure to present a signed settlement agreement to the court a month after Johnson & Johnson Medical and unit Ethicon agreed to pay $300 million to settle two pelvic mesh class actions, ordering the firm to explain on the record what steps have been taken to finalise the settlement.
Optus has been hit with a class action-style complaint over a massive data breach that exposed the personal information of up to 1o million current and former customers.
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