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AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
ANZ agrees to $240M in fines for ‘widespread misconduct’
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ANZ has agreed to pay $240 million in penalties to resolve four separate cases by the corporate regulator, including a record $80 million penalty for unconscionable conduct in its dealings with the federal government.
Judge mulls bidding war for $549M Robodebt settlement admin gig
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The judge overseeing the Robodebt class action, which settled this month for a record $548.5 million, may put the settlement administration role out to tender, saying the sum earmarked for the job was “staggeringly large”.
Another judge rails against GenAI use, says even self-repped litigants must do their homework
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Another judge has railed against the use of generative AI in court proceedings, after a self-represented litigant filed an application to annul his bankruptcy that was replete with fake citations.
Meta ordered to put on defence in ACCC case over scam crypto ads
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A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform.
Mastercard fights win for ACCC over in-house counsel communications
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Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.
High Court asked to decide if abattoir activists own footage copyright
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An activist group has asked the High Court to overturn a decision finding it does not own the copyright for grim footage secretly obtained by trespassing at a Victorian slaughterhouse, arguing the case has consequences for press freedoms.
Clayton Utz recruits private equity pro from Allens
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Clayton Utz has snagged a senior partner from Allens’ mergers and acquisitions team to become its head of private equity.
Judge flags possible referral to legal watchdog in EY, Alvarez & Marsal suit
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A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant’s costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.
Martinus Rail wins fight over $23M payment claim
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Martinus Rail has won its fight against grain supply chain Co-operative Bulk Handling over a $23 million payment claim for building a rail siding in WA, with a judge finding that the deadline for responding to the claim began running from a Saturday.