4 results

Class action filings surge 43% in 2023
News 19 Mar 2024

Consumer claims continued to dominate in 2023, accounting for 40% of filings, up from 32% last year, while shareholder claims dropped to 20% from 29% and employee claims remained stable at 15%. 'In ...

Number of class action filings on track to significantly outstrip 2022
News 07 Aug 2023

The increase in filings has been fuelled by the first significant wave of cyber class actions following several high-profile data breach incidents, as well as a rise in competing class actions. 'Th ...

Financial sector no longer main target: Class Action Risk report
News 17 Mar 2022

Data from 2021 shows the banking and financial sector was the third biggest target for new class action filings (down to 17% from 32% in 2020), after more than ten years managing heightened risk du ...

Conducting a consumer-facing business biggest indicator of class action risk
News 06 Mar 2020

According to the report, more than 40% of the class actions filed in 2019 were filed on behalf of consumers. This result is a change from recent years in which being an ASX-listed company was the ...