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‘Puffed up IPO’: Two class action law firms investigating Nuix,
At least two class action specialist firms are investigating a potential shareholder lawsuit over the botched listing of the Macquarie-backed technology company Nuix after three days of damning revelations about its float and corporate governance. More
Mesoblast may face fresh class action claim in Australia,
A law firm in Australia is preparing a fresh class action claim against Mesoblast that alleges misleading or deceptive conduct to investors and breaches of continous disclosure in the way in which the biotech promoted the prospects of its main product candidate, Remestemcel-L. More
‘Scared of debate’: Union’s last-ditch effort to stop Labor conference,
The Health Workers Union has threatened a last-minute injunction to block Labor’s online national conference on Tuesday because it claims it will be unfairly unrepresented at the event. More
Freedom Foods faces second class action,
Lawyers running the second shareholder class action against Freedom Foods and Deloitte have accused the two companies of “betraying mum and dad investors” as the fallout of Freedom’s accounting scandal continues. More
CIMIC’s Mideast JV marked down to zero,
Australia’s biggest construction company, CIMIC, has given zero value to its Middle East business but says it still remains in talks with potential acquirers interested in buying out its stake while a tough outlook led the company to issue profit guidance for 2021 below expe... More
Lumumba’s stance vindicated, says lawyer, as senator calls for McGuire to go,
Heritier Lumumba’s claims that he was racially abused during his time at Collingwood have been vindicated by the Do Better report detailing years of systemic racism at the club, according to Lumumba’s lawyer. More
BHP loses bid to limit claims in dam disaster,
Mining giant BHP has lost a legal bid to restrict non-Australian shareholders and those who hold their interest through foreign exchanges from joining a class action lawsuit in Australia’s Federal Court over the deadly Samarco dam collapse in 2015. More
Frydenberg puts brakes on Getswift,
Federal Treasurer Josh Frydenberg has put the brakes on Getswift’s plans to redomicile in North America by blocking the last-mile logistics provider’s plans to exit the ASX while a class action and a regulatory legal battle works through the courts. More
Phi Finney McDonald launches in London,
Phi Finney McDonald brings competition to UK collective redress. More
Heritier Lumumba sues Collingwood, AFL,
Former Collingwood footballer Heritier Lumumba is taking legal action against his former club and the AFL claiming he was racially abused during his career with the Magpies and that both organisations failed to provide him with a safe working environment. More
Lawyers look to Westpac settlement,
The principal lawyer leading a class action against the country’s second largest bank has said the mammoth settlement agreement over its money laundering charges would spell good news for claimants. More
Labor seeks to quash litigation funding rules,
Labor will seek to overturn the Morrison government’s regulation of litigation funders by moving a disallowance motion in the Senate. More
Class Action Brewing Over Hotel Quarantine Bungles,
The fallout from the hotel quarantine fiasco is likely to end up in court with a leading class action firm already in discussion with businesses over a potential law suit. More
Frydenberg’s changes to shareholder class actions smack of ‘cryonism’, lawyers say,
The move has been made using emergency Covid-19 powers and favours company directors, they say. More
Class act: Westpac’s court woe,
Forget the race for Virgin Australia, the real action is in the Federal Court where class action specialists Phi Finney McDonald, backed by international litigation funder, Woodford, will emerge to lead the class action against Westpac over the bank’s alleged anti-money ... More
Westpac Faces Shareholder Class Action for Possible Disclosure Failures,
The class action, filed by law firm Phi Finney McDonald, will rest on whether Westpac breached disclosure obligations or misled investors about the extent of its AML compliance failures. More
Westpac faces class action over AUSTRAC scandal,
Westpac has been served with a class action lawsuit alleging it deceived investors by failing to disclose the extent of AUSTRAC‘s risk management concerns, as documents reveal the bank made just under $2 million profit from the 23 million unreported transactions. More
Westpac investors sue over breaches,
WESTPAC has been hit by its first shareholder class action over the child exploitation scandal engulfing the nation’s second largest bank. More
Westpac woes widen as ASIC probe confirmed,
SYDNEY, Nov 25 AAP – Westpac faces a fresh investigation into its alleged money laundering and child exploitation scandal as the lender scrambles to salvage its reputation and stem a share price plunge that has now stretched into a fourth session. More
Westpac in crisis talks with largest investors amid money-laundering scandal,
Westpac is holding crisis talks with its largest institutional investors as legal action over allegations by the money-laundering regulator that the bank breached laws more than 23m times ignited investigations by a raft of other corporate and financial regulators. Shares in t... More
As landmark as it gets: Why the Myer class action has everyone talking,
In the annals of Australian commercial law, the Myer class action judgment handed down this week was about as landmark as it gets. It was the first class action brought by shareholders in a listed company in this country to go to judgment. More
Lendlease vows rigorous defence as second class action filed over arm writedowns,
Construction giant Lendlease says it will “vigorously defend” a second class action filed against it in the NSW Supreme Court, which alleges the misled the market and failed to adequately disclose problems with its troubled engineering division. More
Lendlease in crosshairs second class action,
Construction heavyweight Lendlease will be hit with a second class action over claims it failed to keep investors fully informed about troubles in its engineering division. More
LendLease class action backed by pension funds,
Investors who purchased LendLease shares between 17 October 2017 and 25 February 2019 are encouraged to register at www.lendleaseclassaction.com. Institutional investors from Australia and abroad have retained specialist class action law firm Phi Finney McDonald to prepare a ... More
Estia faces lawsuit over its disclosure obligations,
Aged-care provider Estia Health has been hit with a class action that alleges it breached its continuous disclosure obligations and engaged in misleading or deceptive conduct. More
Estia Health slapped with class action,
Estia Health shares have taken a dive after the aged care provider confirmed it had been hit with a class action suit alleging it had deceived investors. More
Domino’s class actions may cost $240mil: Citi,
A class action claim against Domino’s Pizza Enterprises by delivery drivers and store staff could cost Australia’s largest pizza chain as much as $240 million, according to Citigroup. More
Domino’s shares hit four-year low after class action claim lobs,
Domino’s Pizza shares have fallen to a four-year low after Australia’s largest pizza chain was hit with a class action claim from delivery drivers and pizza store staff who allege they were underpaid over a period of almost five years. More
Australia’s Dominos’s Pizza sued for underpaying staff, shares slide,
June 25 (Reuters) – Australia’s Domino’s Pizza Enterprises was hit on Tuesday by a class-action lawsuit over employee underpayment which the fast-food chain said it would defend itself against, but its shares fell more than 6% to a four-year low. More
Domino’s faces class action over worker pay,
Domino’s Pizza has been hit by a class action claiming thousands of workers have been underpaid for more than four years through substandard agreements negotiated by the shop assistants’ union. More
BHP faces beefed up class action over Samarco disaster,
BHP is facing the prospect of a seriously a beefed-up class action over its Samarco dam collapse after a court ruled two class actions against the miner should be combined. More
Justice not too swift for GetSwift Trials,
A procession of 30 witnesses, including former customers and investors, investigators from the corporate regulator and the Australian Securities Exchange, will line up to give evidence against embattled logistics software company GetSwift when the Australian Securities and... More
‘Profit before people’: mining giants in the dock,
Exclusive | BHP DAM DISASTER Senior executives working for mining giants BHP and Vale were aware of significant problems at their jointly owned Samarco dam years before it burst, causing one of Brazil’s worst environmental disasters, court documents allege. More
Watchdog eyes former AFL player Joel Macdonald’s delivery empire GetSwift,
FORMER AFL player Joel Macdonald could be hit with up to a million dollars in fines as his high-flying delivery empire comes under siege by the corporate cop. More
BHP action whittled down to one,
Boutique law firm Phi Finney McDonald has beaten two other law firms vying for the right to run a shareholder class action against BHP over the Samarco dam disaster. Federal Court judge Mark Moshinsky this morning ruled that Phi Finney McDonald’s case should go ahead and sta... More
Firm wins right to pursue class action over disaster,
LAW firm Phi Finney McDonald has won the right to pursue a shareholder class action against BHP related to the Samarco dam catastrophe, beating two other firms. More
GetSwift class action cut to one,
Troubled logistics software start-up GetSwift has welcomed a Federal Court ruling that today confirmed only one class action suit would proceed against the company. More
BHP has agreed to pay $US50 million to settle a US class action on the Samarco dam disaster,
The Australian lawyers running class actions against BHP Billiton over the Samarco dam disaster say their arguments have been “vindicated” by the miner’s offer to settle a US class action over the tragedy, and warned that losses suffered by members of the A... More
BHP wants class action delayed,
Federal Court BHP Billiton will seek to have an Australian class action into the Samarco dam disaster delayed in a bid to avoid prejudicing homicide charges laid against current and former executives in Brazil. More
Ex-ACCC boss Paul Zawa trade gamekeeper role for class action poacher,
Years observing companies “so large that they are almost incapable of proper management” meant giving up a senior role at the competition watchdog to become a class actions lawyer was a logical move for Paul Zawa. More
Commonwealth Bank hit with fresh class action from Phi Finney McDonald,
CBA hit with fresh class action. Law firm Phi Finney McDonald has filed a shareholder class action against CBA over alleged misconduct and breaches of disclosure. More
How Therium and Phi Finney Won the GetSwift Class Action Competition,
Last month, law firm Phi Finney McDonald and funder Therium Capital Management bested the competition in their bid to become class counsel in the GetSwift class action claim. The landmark decision by an Australian Federal Court to continue one proceeding and permanently stay t... More
Phi Finney McDonald to run GetSwift class action,
Boutique Melbourne law firm Phi Finney McDonald will lead the sole class action on behalf of aggrieved investors in logistics business GetSwift, after a Federal Court judge on Wednesday permanently stayed two other competing class actions. More
Court set to rule on multiple class actions,
Court set to rule on who gets a piece of the class action More
Mining Giant BHP faces class action suit over Samarco disaster in Brazil,
BHP Billiton is facing the threat of a class action suit in Australia over the Samarco mining disaster in Brazil, which knocked an estimated A$25bn (£14bn) off its market value in the course of a month. More
Class action lawyers to fight over GetSwift,
More class action lawyers are piling on to GetSwift over the alleged breach of continuous disclosure rules but one class action is likely to go ahead. More
CBA class action: Giant US pension funds to sue Commonwealth Bank over Austrac scandal,
FOUR giant US pension funds are preparing to sue the Commonwealth Bank in a move dramatically widening the fallout from the money-laundering scandal that has engulfed the lender. More
Pension fund giants back Commonwealth Bank class action,
Some of the world’s biggest pension funds are planning to launch a class action against the Commonwealth Bank, claiming the lender engaged in misleading conduct and committed a string of disclosure breaches relating to a separate legal claim brought last year by anti-mone... More
Estia Health faces threat of class action,
Residential aged care provider Estia is facing the threat of a class action over its 2016 financial year results and the guidance it gave for the 2017 year. Sydney litigation firm Phi Finney McDonald is gathering shareholder support for a proposed class action that will be fun... More
Class action against UGL back on track amid investor anger over Itcthys disclosure,
A class action alleging contractor UGL delayed informing investors about cost blowouts on a power plant contract for INPEX’s Ichthys gas project in late 2014 will proceed with investment group Clime Capital as the representative applicant. More
‘You’d be negligent’: Why professionals are abandoning partnerships,
The number of legal and accounting firms structured as partnerships has fallen dramatically over the past decade as professionals overwhelmingly adopt corporate models to run their business. The latest Australian Taxation Office statistics show there are 15,547 legal and accou... More
CBA faces class action threat over money laundering scandal,
The Commonwealth Bank may face a class action from investors, following revelations the board failed to disclose a money laundering investigation for over two years, which triggered a $5.5 billion collapse in the bank’s share price when the regulator launched its case. C... More
Ex-Slaters lawyers launch challenger firm,
Three Slater and Gordon alumni have founded their own firm in Melbourne, focused on class actions and public interest litigation. Boutique litigation firm Phi Finney McDonald was officially launched yesterday. More
Lawyers wanting to ‘change the world’ lured from Slater & Gordon,
What lawyer didn’t start their journey with flushed cheeks and a desire to “make the world a better place”? Well, it’s never too late. Fledgling law firm Phi Finney McDonald is “Now Recruiting”, in a pitch set to further shake foundations at... More
Slater & Gordon talent in rival firm play in class actions space,
Fee, fi, fo, fum, we all smell the blood of talented lawyers leaking from firms. More