UPDATES
If you purchased Vocus shares between 29 November 2016 and 1 May 2017 you may be eligible to join a proposed class action against Vocus.
The civil law exists as a facility for determining disputes. A plaintiff has a right to bring a claim against a defendant in circumstances where they believe they have been wronged, and seek either rectification or compensation for that wrong.
On 11 July 2017 the Australian Stock Exchange (ASX) was informed by Slater & Gordon that there has been a conditional, in-principle settlement reached in one of the shareholder class actions against it. The announcement stated that the proposed settlement will resolve any and all potential shareholder claims against Slater and Gordon and its directors and officers.
ACA Lawyers has filed an application in the Federal Court seeking approval for the settlement of the long-running OZ Minerals class action which commenced in February 2014. The class action related to the 2008 merger of Oxiana and Zinifex which resulted in the creation of the listed company, OZ Minerals.
Installers and manufacturers of home insulation who lost millions of dollars following the collapse of the Rudd government’s home insulation program in 2010 have obtained funding to bring a class action against the Commonwealth Government.
This article first appeared in Precedent, the journal of the Australian Lawyers Alliance, issue 129, published in August 2015 (Sydney, Australia, ISSN 1449-7719), pp49-53. It has been reproduced with the kind permission of the author and the ALA.
The class action space in Australia is no doubt evolving, but there are common misconception about how this change is happening.
On 1 July 2014 the Travel Agents Act was repealed and the Travel Compensation Fund ceased to operate. As a result, Australian travel agents are no longer required to be licenced nor are they required to hold insolvency insurance for consumer protection.
On 28 June 2015 ACA Lawyers hosted a panel discussion in conjunction with Experts Direct, ‘Class Actions and Litigation Funding.’ The panel comprised three experts: esteemed barrister Michael Lee SC; Moira Saville, partner at King and Wood Mallesons; and Susan Dunn, head of UK-based Harbour Litigation Funding.
On 18 May 2015 stock broker BBY Limited was placed into administration, leading to the closure of BBY clients’ options positions on the ASX and the freezing of client funds.
The Full Court of the Federal Court of Australia yesterday handed down its decision on an appeal by ANZ Bank against a decision that its late payment fees are unlawful. The bank is the subject of a class action commenced against it by its customers.
ACA Lawyers today announced that the Federal Court has set the OZ Minerals class action down for an estimated ten week hearing commencing on 1 June 2016.
Leading class action law firm, ACA Lawyers, has obtained funding to mount a class action against mining services firm WorleyParsons Limited (ASX:WOR), for withholding sensitive market information ahead of a 26 percent crash in its share price in November 2013.
The class action, brought by ACA Lawyers, alleges late payment fees on telephone and internet bills are an ‘‘unlawful penalty’’ that far outweighs the actual costs to the telcos.
Be prepared to have the court run the ruler over every element of the costs being claimed as part of a settlement.
THE proposed changes to the Racial Discrimination Act announced by the Attorney-General George Brandis have far-reaching implications and will significantly weaken the existing
protections against racial vilification.