November
AMP share price jumps after $100m class action settlement
Analysts previously predicted the financial services giant could be on the hook for even more than this amount over the case, which related to its controversial adviser payout policy.
- Hannah Wootton
E&P, Dixon Advisory settle class action over alleged conflict
E&P agreed to a $16 million settlement, which will also resolve claims against former Dixon CEO Alan Dixon and executive Christopher Brown. None will admit liability.
- Carrie LaFrenz and Jonathan Shapiro
Optus crisis to shake up telco market
The telco has offered some mobile phone customers 200 gigabytes of extra data – estimated to be worth between zero and $70 depending on usage.
- Jenny Wiggins and Paul Smith
October
Ruby Princess liner negligent, misleading in COVID-19 trip
Justice Angus Stewart found the cruise company knew, or ought to have known, about the heightened risk of COVID-19 infection.
- Updated
- Maeve Bannister
Retiring judge lashes long-running live export case
Cattle farmers have been suing the federal government over a live export ban since 2014 and Justice Steven Rares has described one of the claims in the case “absurd”.
- Ronald Mizen
- Exclusive
- Legal industry
‘Aggressive’ litigation funder Omni Bridgeway accused in UK fee fight
A lawsuit against the Perth-based firm is the first major challenge after a UK Supreme Court judgment effectively nullified most litigation funding agreements.
- Ronald Mizen
Angry British business customers drag NAB to the courtroom
An 11-week trial, six years in the making, could open the gates for a class action against the bank and its former British unit Clydesdale, now known as Virgin Money.
- Hans van Leeuwen
Court ruling nears on Optus cyberattack report
A Federal Court justice is expected to rule shortly on whether Optus can stop a report by Deloitte on its 2022 cyberattack from being released.
- Jenny Wiggins
September
Directors in Labor’s sights with sharemarket disclosure probe
Coalition-era reforms aimed at stymying shareholder class actions face the axe under the Albanese government, but first there will be a review.
- Ronald Mizen
RCR had ‘two sets’ of books, lawyers say after $40m settlement
The engineering group had dual accounts showing different pictures of its finances before it collapsed, lawyers said after settling a long-running class action lawsuit.
- Jenny Wiggins
August
Qantas sued over ‘misleading’ flight credits, refunds
Hundreds of thousands of passengers waiting for refunds could claim compensation for lost interest from Qantas.
- Ayesha de Kretser
Shine’s pelvic mesh victory turns sour
The legal firm tried to bill class action members the ‘usurious’ interest rates on loan facilities they didn’t know about.
- Myriam Robin
Investors question delays in RCR Tomlinson lawsuit
A class action against collapsed engineering group RCR Tomlinson that was filed almost five years ago will make a second attempt at mediation this month.
- Jenny Wiggins
July
Cattle farmers in ‘cloud-cuckoo-land’ with live-export claim: judge
The claim is part of a near-decade-old class action resulting from a 2011 ban on exports to Indonesia, which Justice Rares previously found was unlawful.
- Ronald Mizen
CBA’s former wealth arm settles class action for $100m
If approved by the court, the Colonial First State settlement will be the highest ever obtained by plaintiff law firm Slater and Gordon in a class action.
- Hannah Wootton
AMP class action damages could exceed $100m, analysts suggest
This would be material and further limit capital returns for shareholders, they warn, further clouding the investment case for AMP.
- Hannah Wootton
AMP shares drop after class action loss
About $170 million was wiped from AMP after the Federal Court ruled the financial services giant would have to pay planners double what it had proposed.
- Updated
- Hannah Wootton
June
- Updated
- Cybersecurity
APRA hits Medibank with $250m punishment for breach
The Australian Prudential Regulation Authority will force the health insurer to hold the additional capital from July.
- Updated
- Lucas Baird
Insignia under no obligation to disclose misconduct, court hears
Wealth giant Insignia Financial has argued it was under no obligation to disclose “appalling” misconduct to investors who are running a class action over losses.
- Michael Pelly
May
- Exclusive
- Hayne fallout
Banking royal commission silk enlisted for Insignia lawsuit
Barrister Michael Hodge KC, who in 2018 was counsel assisting the Hayne royal commission, will act for the wealth giant’s aggrieved shareholders.
- Updated
- Aleks Vickovich
