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The Federal Court has given the greenlight to a $30 million settlement in Shine Lawyers’ insurance class action against Westpac and will allow post-settlement registration notices to be sent to group members.
Court cuts silk’s fees in Westpac class action
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The former senior counsel in a settled insurance class action against Westpac has had his fees reduced by $70,000 after the Federal Court heard some of the work for which he charged was not done in the interests of group members.
PwC can’t shut down class action against over $50M bond prospectus
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PricewaterhouseCoopers has lost its bid to shut down a class action launched by bondholders of collapsed asset finance lender Axsesstoday Limited over alleged misrepresentations in a $50 million bond offer.
IOOF may face new misconduct allegations in shareholder class action
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The applicant in a shareholder class action against IOOF wants to add ten new misconduct allegations, including that a relative of a former executive made $69,000 by offloading shares.
TerraCom files court action to keep PwC report from ASIC investigators
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Mining company TerraCom has asked a court to rule on the privilege status of a report by PriceWaterhouseCoopers, produced in reponse to “serious allegations” by a former employee over the falsification of coal quality results.
‘Very disappointed’: ACCC accuses Telstra, Optus and TPG of misleading NBN customers
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The Australian Competition and Consumer Commission has brought legal action against three major Australian internet providers for allegedly misleading hundreds of thousands of NBN customers.
Crown class action over Chinese arrests can’t block SkyCity share price evidence
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SkyCity’s announcement to shareholders about an employee’s interrogation by Chinese gambling authorities made little difference to the NZ casino operator’s share price, Crown Resorts has told a court in expert evidence ahead of a looming class action trial.
Energy Beverages files ‘Mother’ of an appeal against trade mark decision
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A high-energy trade mark dispute has gone to the Federal Court after the maker of Mother energy drinks lost its bid before IP Australia to prevent a Victoria-based company from registering Kangaroo Mother as a trade mark for beverages.
Financial fraudster dodges conviction following ASIC investigation
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The former director of Sydney financial planning practice Hillross Bella Vista has been conditionally released without a conviction recorded after pleading guilty to falsifying documents uncovered during an investigation by the Australian Securities and Investments Commission.
Hall & Wilcox picks up construction dispute ace from Norton Rose Fulbright
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Law firm Hall & Wilcox has snagged a new partner from Norton Rose Fulbright to join its construction and project disputes team, as part of an ambitious national growth strategy.