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A court has given the green light for opt out and registration notices to be sent to group members in a shareholder class action against AMP, despite objections by the lead plaintiff in a competing class action.
$1.9M Appco class action settlement to provide ‘limited’ recovery for charity workers
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A $65 million sham contracting class action against fundraising company Appco has settled for just $1.9 million, leaving the company’s allegedly underpaid army of sales staff with “limited” recoveries of between $770 and $2,320.
Australian Olympic Committee, beer maker lay down arms in IP dispute
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The Australian Olympic Committee has settled litigation brought against a local microbrewery for allegedly violating its intellectual property by featuring the AOC coat of arms on its products and packaging without permission.
QBE looks to shrink ANZ add on insurance class action
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Insurer QBE wants to downsize a massive class action brought against it and banking giant ANZ over the sale of allegedly worthless add on insurance.
CIMIC faces shareholder class action over $1.8B Middle East writedown
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Just four months after paying $32 million to settle a shareholder class action over disclosures relating to allegations of foreign bribery, engineering services company CIMIC faces another class action, this one alleging failures to keep the market informed about issues with its Middle East operations.
Labor looks to shut down litigation funding regulations in Senate
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The Labor party will look to cross benchers in the Senate to overturn the Morrison government’s new rules governing class action funders, saying the regulations would make litigation more expensive.
Owner of PayID trade mark sues cryptocurrency company Ripple Labs
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The company behind the ubiquitous mobile banking PayID system has filed Federal Court trade mark proceedings against a US blockchain technology firm over its global real-time payment service.
Court approves settlement with ANZ in 7-Eleven class actions
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A judge has signed off on a settlement that releases ANZ from two class actions by 7-Eleven franchisees that alleged the bank engaged in unconscionable conduct and breached responsible lending laws by providing loans to purchase outlets of the convenience store giant.
‘Enough’s enough’: Court cuts bid for lengthy plea discussions in ANZ cartel case
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A local court magistrate overseeing the ANZ criminal cartel case has denied a bid by prosecutors to be given twice the length of time typically allotted to parties for case conference discussions, saying the sooner the proceedings can be transferred to the Federal Court the better.
McCabe Curwood faces $100,000 negligence claim by ex-lawyer
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A former solicitor from Sydney-based law firm McCabe Curwood has expanded his negligence and breach of contract case against his former employer and is now seeking over $108,000 in damages.