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IAG investigates underwriter accused of issuing unauthorised Greensill policy
Insurance 2022-04-07 9:53 pm By Miklos Bolza

Insurance Australia Group is investigating the underwriter behind an allegedly unauthorised trade credit policy issued to Greensill Capital, according to a defence by the insurer […]

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Liquidators can bring claims against Steller Development directors over $300M collapse
Restructuring & Insolvency 2022-03-29 6:24 pm By Miklos Bolza

A judge has allowed the liquidators of Melbourne-based Steller Development to bring proceedings against its directors, the latest claims to be leveled in the wake […]

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Insurers defeat appeals in COVID-19 business interruption test cases
Coronavirus 2022-02-21 5:11 pm By Christine Caulfield

An appeals court challenge by a group of small businesses seeking coverage under business interruption insurance policies for losses flowing from COVID-19 restrictions has largely […]

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Top 10 class action settlements of 2021
Class Actions 2022-01-10 7:52 am By Bianca Hrovat

Class action settlement totals skyrocketed to over $900 million last year, and one law firm negotiated the lion’s share, with $672 million in settlements under […]

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Judge criticises ASIC for treating orders in Westpac case like ‘traffic lights in Naples’
Financial Services 2021-12-20 1:48 pm By Bianca Hrovat

A judge has criticised the Australian Securities and Investments Commission for treating timetabling orders in its insider trading case against Westpac over a $16 billion […]

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‘Hundreds of lawyers’ could overwhelm combustible cladding class action, court told
Class Actions 2021-10-06 2:05 pm By Bianca Hrovat

“Hundreds of lawyers” could overwhelm Microsoft Teams if German cladding manufacturer 3A Composites continues adding cross-claimants in a class action over highly flammable building materials, […]

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3A Composites fires off barrage of cross-claims in cladding class action
Class Actions 2021-07-23 6:51 pm By Miklos Bolza

The number of lawyers involved in a class action against 3A Composites over allegedly combustible cladding is set to balloon, with the German cladding manufacturer […]

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Westpac’s profits relevant, judge says in imposing $3M fees-for-no-service penalty
Financial Services 2021-07-22 9:35 pm By Christine Caulfield

Westpac has been ordered to pay $3 million after two subsidiaries admitted misleading hundreds of superannuation customers about the financial adviser fees they were charged, […]

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Victoria drops out of combustible cladding class actions
Class Actions 2021-06-16 11:00 pm By Cat Fredenburgh

The state of Victoria has opted out of two class actions over allegedly combustible cladding, after agreeing to join as a group member last year. […]

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Litigation funder not on hook for costs in failed Airservices class action
Class Actions 2021-03-31 3:01 pm By Christine Caulfield

The litigation funder that backed a dismissed employment class action against aviation service provider Airservices Australia has successfully argued that it should not bear the […]

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