National law firm HWL Ebsworth expelled a former equity partner ahead of its failed initial public offering specifically so he would not participate in the IPO and “others would benefit to a greater extent”, a court has heard.
The failed franchisor behind the Jump Swim Schools brand has been hit with a $23 million penalty for what a Federal Court judge found were “very serious” consumer law contraventions.
A record number of class actions were filed in the past year but shareholder class actions, which have been the primary target of the federal government’s attack on the class action regime, have decreased in significance, says Professor Vince Morabito.
Phi Finney McDonald is investigating a class action against technology company Nuix over its $2.5 billion float, following troubling reports about the Macquarie-backed company’s pre-IPO corporate governance and financial reporting.
Crown Resorts will fight to strike out allegations in a class action that the casino operator was liable for “oppressive conduct” under the Corporations Act, saying there was no legal basis for making the claims and no articulation by the class as to how the company engaged in the conduct.
Christian Porter has won access to communications by the woman behind a challenge to his legal representation in a defamation case against the ABC, after telling a court it would be a “very big deal” if he lost his counsel.
Melbourne hospital operator Western Health is facing a potential class action by junior doctors alleging they have been denied overtime pay, the third underpayments class action to be filed by doctors in Victoria.
A former Westpac banking veteran and whistleblower has sued the Big Four bank, claiming she was dismissed in retaliation for complaints filed about the bank’s risk and compliance failings.
Maddens Lawyers is investigating a potential class action over the Mount Mackenzie Road fire in Tenterfield, NSW, allegedly caused by power lines operated by Essential Energy.
Westpac has argued that ASIC should flesh out its case accusing the banking giant of insider trading before the $16 billion privatisation of electricity provider Ausgrid, saying the regulator has not explained the nature of the alleged inside information.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
