AMP Class Action (Woodsford Litigation Funding)

Acting in a $200m class action against a number of AMP Limited financial ladvice licensees in which it is claimed that the respondents received conflicted dremuneration (including commissions), recommended certain insurance products which attracted excess premiums, and failed to provide any or adequate personal advice with respect to certain financial land insurance products.

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Bogasi Pty Ltd Representing a trustee company (Bogasi Pty Ltd)

In relation to proceedings concerning the beneficial l
ownership of significant trust assets. The claim relates, amongst other things, to the construction of a Will of the late patriarch of the Sundell family. The assets in dispute are in the order of more than $50 million.

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Cassa Bedding

Advising Cassa Bedding in relation to an $18 million insurance litigation matter against Insurance Australia Limited (formerly CGU Insurance Limited), following destruction of the manufacturing business by fire.

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Cigno

Representing Cigno Pty Ltd in its Federal Court action against the Australian Securities and Investment Commission. Cigno is challenging ASIC Corporations (Product Intervention Order—Short Term Credit) Instrument 2019/917, which is ASIC’s first tuse of its product intervention order power.

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Count Financial Class Action (Woodsford Litigation Funding)

Acting in a class action against former CBA subsidiary, Count Financial Ltd (Count), in respect of allegations that Count and its financial ladvisers contravened best interests and priority obligations owed to customers when taking grandfathered commissions on products that they recommended to their customers.

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D H Flinders

Successfully challenged the Australian Financial Complaints Authority’s (AFCA) contractual authority, power and jurisdiction to determine complaints brought against it by retail investors in a home loan product issued by EFSOL Pty Ltd (In Liquidation).

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IC Markets Class Action

Piper Alderman is investigating a class action against International Capital Markets Limited (IC Markets) on behalf of everyday Australian investors who have collectively lost hundreds of millions of dollars trading controversial financial products called ‘contracts for difference’ (CFDs).

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AGL Class Action

On 1 June 2023, Piper Alderman filed a Class Action in the Federal Court of Australia on behalf of SA Country Pubs Pty Ltd against AGL Energy Limited (AGL).

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Ardent Leisure Group Class Action

Acting for shareholders of Ardent Leisure Group, for claims alleging that Ardent misled investors about the safety measures and corporate governance standards in place at Dreamworld Theme Park in the years preceeding the tragic accident in 2016.

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Dixon Advisory Class Action (Balance Legal Capital)

Acts for Kosen-rufu Pty Ltd an investor in financial products recommended by the now insolvent Dixon Advisory Superannuation Services. The class action is regulated as an MIS in accordance with recent changes to the class action regulation in Australia and is funded by UK litigation funder Balance Legal Capital. The class action is against ASX listed entity, E&P Financial Group Ltd and its subsidiary for breach of best interests and client priority duties arising from the receipt of conflicted remuneration when providing personal financial advice to clients. The claim follows ASIC civil penalty proceedings currently on foot in respect of the same conduct.

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Discovery Metals Limited Class Action (LCM Finance)

Securing a settlement for shareholders in Discovery Metals Limited in a class action alleging that KPMG Advisory Services were negligent and breached the Corporations Act in respect of the content of an independent expert valuation report prepared for DML in the context of a takeover defence.

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Gunns Class Action (LCM Finance)

Acting for plaintiffs in a closed class action against the former directors, officers and auditors of Gunns Plantations Limited (GPL) (in liq.) and Gunns Ltd (in liq.) (Gunns) to recover losses suffered by reason of investments in unsuccessful managed woodlot investment schemes in Tasmania managed by GPL.

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Leakes Road Property Development

Representing Leakes Road Property Development Pty Ltd in relation to a $17.55 million Contract of Sale dispute involving rescission and termination of contract.

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LCM Operations Pty Ltd

Assisting LCM with its successful declaration upholding the enforceability of its class action funding agreements in the Gladstone Fisheries class action – a landmark decision confirming the validity of the class action funding business model in jurisdictions whose legislatures have not abolished the torts of maintenance and champerty.

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Maxi EFX Global

Acting in relation to $50 million Federal Court Proceedings brought by the Australian Securities and Investments Commission (ASIC) in relation to alleged breaches of the Corporations Act and Australian Securities and Investments Commission Act by Maxi EFX Global in the conduct of Forex and CFD trading.

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Peregrine Corporation

Currently defending an employment class action on behalf of Shahin Enterprises Pty Ltd, a company within the Peregrine Corporation. The Applicant law firm has alleged losses of up to AU$70 million. Peregrine is one of the top 15 private companies in Australia and the largest private company and employer in South Australia. The class action is a novel proceeding and involves five group claims covering thousands of employees. The action is factually complex given the diverse circumstances and characteristics of each group member and their differing employment relationships with their employer.

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Queensland Energy Class Action (LCM Finance)

Currently acting on the largest energy class action in Australian history. The claim is being brought against Stanwell Corporation Limited and CS Energy Limited on behalf of all electricity consumers in Queensland (roughly 1.7 million residential and 440,000 business consumers).

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Quintis Limited Class Action (LCM Finance)

Representing the lead applicants in a Federal Court securities class action in relation to the collapse of Quintis Limited the world’s largest commercial sandalwood operation. The action involves allegations of Corporations Act contraventions, misleading and deceptive conduct and auditor negligence. The claim is brought against Quintis Limited, its former managing director and CEO, Mr Frank Wilson and Ernst & Young.

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SEAS Sapfor Forestry Scheme Class Action (IMF Bentham / Omni Bridgeway)

Securing an $80 million judgment in Supreme Court of New South Wales proceedings for investors in the SEAS Sapfor forestry scheme in a case concerning breach of trust and negligence by Australian Executor Trustees (a subsidiary of IOOF).

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Shimao Group of Companies

Acting in a $100m dispute between a group of companies that own and manage cattle stations in the Kimberley region in Western Australia involving alleged breaches of directors’ duties and control of a corporate structure based in China and Tibet.

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Zoetis 

Acting for Zoetis Australia defending a $53 million class action brought by the owners of horses which were administered with the Hendra Virus vaccine developed by Zoetis, who allege the horses suffered side effects from the vaccine.

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Downer Class Action

Filed a class action in the Federal Court of Australia on behalf shareholders against publicly listed utilities company Downer EDI Limited (Downer) alleging that Downer was in breach of its continuous disclosure obligations and engaged in misleading and deceptive conduct.

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Herbalife Class Action
Piper Alderman is investigating a class action on behalf of thousands of Herbalife Nutrition members in Australia.

The investigation concerns persons who have suffered financial loss as a result of participating in the ‘business opportunity’ model promoted by Herbalife Nutrition, with the class action alleging that this model is a ‘pyramid scheme’ or is otherwise promoted using misleading representations. If established, such conduct is a breach of the Australian Consumer Law.

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IG Markets Class Action

Class action alleges IG Markets Limited has consistently marketed CFDs to inexperienced retail investors and facilitated those investors to trade in CFDs without applying adequate checks and balances. It advances allegations of unconscionable conduct, misleading and deceptive conduct and breach of the conflicted remuneration provisions of the Corporations Act.

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Mercedes Class Action

Working with an international litigation funder to investigate a class action against Mercedes-Benz Australia/Pacific Pty Ltd (Mercedes Australia) and Mercedes-Benz Group (Mercedes Group), on behalf of people who purchased a Mercedes-Benz diesel vehicle from 2008 to 2019 that were fitted with “defeat devices”.

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Qantas Flight Credits Class Action

Filed a Class Action in the Federal Court of Australia against Qantas Airways Limited (Qantas) on behalf of customers who purchased a ticket from Qantas during the period March 2020 to December 2021 (Relevant Period) and were subsequently issued one or more ‘flight credits’ following either a cancellation of their Qantas flight or self cancellation having been induced by Qantas to do same.

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Queensland Tolls Class Action

Assumed the conduct of a class actions that seeks compensation on behalf of persons who used a QLD toll road without paying the required toll, and were invoiced allegedly excessive administrative charges.

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Quintis Limited Class Action

Representing the lead applicants in a Federal Court securities class action in relation to the collapse of Quintis Limited the world’s largest commercial sandalwood operation. The action involves allegations of Corporations Act contraventions, misleading and deceptive conduct and auditor negligence. The claim is brought against Quintis Limited, its former managing director and CEO, Mr Frank Wilson and Ernst & Young.

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Victopia Class Action

Acting for the lead plaintiff in what was one of the first class actions regulated as an MIS under the recently scrapped class action MIS regulations. Funded by Omni Bridgeway, and advanced against Zurich Insurance PLC and Aspen Insurance UK Limited, seeking payment of a judgment sum obtained in the New Zealand High Court on behalf of claimants for whose benefit the judgment was made.

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