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Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.
A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an "inordinate and disproportionate amount of the judicial and administrative resources of the court".
After more than a year on ice, two class actions against age care facilities over COVID-19 outbreaks are set to resume late this year, following a month-long criminal trial that kicks off next week.
A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
The Supreme Court of Victoria has been urged not to meddle with a 25 per cent group costs order in a junk insurance class action that settled for $170 million, in what would be the court's second blessing of a law firm contingency fee.
A judge has tossed ASIC's case against REST over alleged misleading representations, finding the representations were statements of opinion reasonably held based on the advice of lawyers.
A judge has ordered soft class closure ahead of mediation in a class action against five major banks over alleged foreign exchange rate-rigging, saying the applicant's subjective view on what will assist mediation should not be imposed on the banks.
Still in the dark about insurance coverage and seeking to stem the flow of cash, two class actions against Heritage Care and St Basil’s over COVID-19 outbreaks have been shelved pending the outcome of criminal cases against the Victorian aged care providers, in a decision the judge said “wouldn't gladden the hearts of group members”.
Qantas has hit back the ACCC's argument that the airline failed to respond to key allegations in its 'ghost flights' case, telling the court it's the regulator's job to particularise its claims.