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VW appeals record $125M penalty over ‘dieselgate’ scandal
Appeals February 12, 2020 9:24 am By Cat Fredenburgh

Volkswagen has appealed a record $125 million penalty handed down over its emissions cheating scandal by a judge who criticised a $75 million settlement agreement […]

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AMP to face class action over sale of ‘inflated’ insurance policies
Class Actions February 12, 2020 10:29 am By Cat Fredenburgh

AMP will face a class action alleging its financial representatives pushed AMP inflated insurance policies onto 100,000 customers despite knowing that better policies could be […]

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Rural Funds wins unprecedented case against activist short seller Bonitas
Securities February 12, 2020 10:55 pm By Cat Fredenburgh

Australian agricultural fund manager Rural Funds Group has won its legal action alleging US short seller Bonitas Research engaged in misleading and deceptive conduct when […]

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CIMIC to pay $32.4M to settle shareholder class action
Class Actions February 11, 2020 10:31 pm By Cat Fredenburgh

Engineering services company CIMIC will fork over $32.4 million to settle a shareholder class action, with group members expected to get 40 per cent of […]

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Court rejects lead applicant’s $508k bill in $19.25M Arasor class action settlement
Class Actions February 11, 2020 9:16 pm By Cat Fredenburgh

The lead applicant in a shareholder class action against laser technology company Arasor will walk away with a fraction of the approximately $508,000 in legal […]

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Banks have offered $750M in fees for no service refunds so far, ASIC says
Financial Services February 11, 2020 11:22 pm By Cat Fredenburgh

Six of Australia’s biggest financial services institutions have so far paid or offered $749.7 million in compensation to hundreds of thousands of customers who were […]

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Kleenmaid director gets 9 years in prison for $13M Westpac fraud
White Collar February 11, 2020 12:13 pm By Cat Fredenburgh

A judge has sentenced the founder of defunct whitegoods distributor Kleenmaid to nine years in prison for his role in a $13 million fraud against […]

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Canadian trader seeks to revive $10M defamation case against ASIC
Defamation February 11, 2020 10:47 pm By Cat Fredenburgh

A Canadian trader is appealing a ruling that threw out his $10 million defamation case against the Australian Securities and Investments Commission over allegedly defamatory […]

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Sussan faces lawsuit over worker’s ‘humiliating’ experience with Kylie Minogue impersonator
Employment February 10, 2020 10:56 pm By Cat Fredenburgh

Women’s clothing retailer Sussan is facing a lawsuit from an employee who claims he suffered psychological injury after being forced to don gold hotpants, a […]

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Dick Smith class actions headed for March trial after mediation fails
Class Actions February 10, 2020 11:00 am By Cat Fredenburgh

Two shareholder class actions against failed electronics retailer Dick Smith will head to trial in March, after a failed attempt to resolve the long-running dispute […]

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