Funder comes up short in share transfer dispute

Posted on by Cat Fredenburgh
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A joint venture formed to fund class action litigation has lost its bid for declarations against one of its former shareholders after arguing its former bankrupt director “ineffectively” transferred half of his shares.

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Class action against Westpac says bank’s discovery not up to Worley standard

Posted on by Christine Caulfield
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Westpac and the lead applicant in a class action filed in the wake of AUSTRAC proceedings are still battling it out over discovery of evidence three years into the case. And the applicant claims the bank’s discovery protocol fails the new test set by the Full Federal Court earlier this year.

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Judge doubts class action’s Kiwi damages claim against a2 Milk

Posted on by Sam Matthews
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A consolidated class action’s bid to include claims concerning dairy company a2 Milk’s disclosures to the New Zealand stock exchange is in doubt, despite broad agreement between the parties that the claims can be pursued in Victoria.

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Mercedes-Benz to cop penalty over Takata airbag recall

Posted on by Cat Fredenburgh
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Mercedes-Benz will face a penalty in ACCC proceedings alleging the luxury car maker exposed consumers to serious injury or death by failing to comply with obligations under a compulsory recall of potentially deadly Takata airbags.

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Law firms lay down swords in Mesoblast shareholder class actions

Posted on by Cat Fredenburgh
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Two law firms that filed competing class actions against regenerative medicine company Mesoblast for allegedly misleading shareholders about its Remestemcel-L treatment for COVID-19 complications have agreed to join forces and sidestep a beauty parade.

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Hyundai, Kia face class action investigation over engine defect

Posted on by Cat Fredenburgh
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South Korean car makers Hyundai and Kia are facing a class action investigation in Australia over cars containing potentially defective petrol engines, after agreeing to a settlement worth more than $1 billion in related US litigation last year.

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Law firms’ agency agreement prevails over ‘opaque’ funding in Nuix class action battle

Posted on by Sam Matthews
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Law firms Shine Lawyers and Phi Finney McDonald have won a contest to jointly run a class action against embattled tech company Nuix, with rival Banton Group losing out on its “opaque” funding agreement.

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