Class Action Australia Banks

On a very general level, class action lawsuits involve a large group of people in some capacity: A collective class, even bound together over the issue of a broken product, suing a defendant, or a group of defendants, multiple negligent companies, as an example, being sued by an individual. While more class action lawsuits are filed on behalf of product liability claims, other case types end up in court, too, including shareholders suing for fraud, workers, and residents over environmental disasters.

With a case, which can be filed in either state or federal court, class action lawsuits has its pluses. Because less witnesses overlap, the trial process inevitably moves along faster, while the overall cost of litigation tends to be lower than for separate plaintiffs filing alone.

On the other hand, these types of cases also tend to have drawbacks. Before the lawsuit even moves forward, the collective group must be called a class. Federal courts, as well, can dismiss class action lawsuits if the defendants are state governments or officials or if the plaintiffs number less than {one hundred,100.
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Relevant to the three banks' defence of its action against them, much less whether they may be The first shareholder class action in Australia was commenced in 1999 against GIO, alleging misleading representations in connection with a takeover.

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By Ian Dallen, Corrs Chambers Westgarth, James Whittaker …
There are few better places than Australia in which to bring a classaction, with 2013 already a bumper year for settlements and funding arrangements. Australia’s largest banks constituted unlawful penalties. In September 2012, the High Court of

Class Action Australia Banks

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