Leading Australian oil and gas producer Santos is accused of misleading the market by “greenwashing” its environmental credentials in a landmark shareholder-led lawsuit filed in the Federal Court.
Law firm investigates class action over toxic dog food
NAB cops $18.5M fine for failing to disclose adviser fees
ASIC ditches ‘why not litigate’ stance as government prioritises economy
Full Court confirms no statutory liability for infringement by authorisation
Class action lawyers await guidance from courts on impact of continuous disclosure reforms
Reforms by the Morrison government passed earlier this month weakening continuous disclosure obligations will spur corporate defendants to engage in “expensive interlocutory warfare” to shut down class actions right off the bat, and plaintiffs lawyers are waiting to see how the courts interpret the new laws to determine these early strike-out fights.