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Insurer Liberty Mutual is challenging its loss in a coverage dispute with construction company Icon Co over $31 million in losses stemming from Sydney's Opal Tower, whose residents were evacuated after cracks appeared in the tower's walls on Christmas Eve in 2018.
Owners of units in Sydney's Opal Tower have filed a lawsuit against the NSW Government and builder Icon after allegedly discovering more than 500 additional defects in the troubled building.
A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ‘junk insurance’, including millions in fees for the firm that brought the case on a no-win, no-fee basis, despite calling the settlement sum a “substantial compromise”.
A judge overseeing a class action against National Australia Bank over ‘junk insurance’ has ordered that potential group members be given information about cancelling the policies, but not before taking the applicants to task for not having the polices automatically cancelled as part of the $49.5 million settlement.
The Federal Court is pushing ahead with an expedited trial in Icon Co's case against Liberty Mutual Insurance and QBE over the Opal Tower disaster, just one month after originally scheduled, and it's going online to do it.
Telstra has won its battle with Melbourne, Sydney and Brisbane over a planned upgrade of its payphone network across Australia, with a judge ruling the teleco did not need planning permits to install the next generation, digital phone booths.
Companies and other defendants forked over big sums last year to settle more than 20 class actions, with a total of at least $734 million being paid out. Here are the top 10 class action settlements and the law firms and funders that negotiated them.
The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance.
QBE Underwriting has defended its decision to deny insurance coverage to the builder of Sydney’s troubled Opal Tower development, claiming the cracking was not “major” and did not cause last year’s Christmas Eve evacuation.
The hearing for a class action against National Australia Bank over allegedly worthless credit card insurance will focus on whether the bank's allegedly unconscionable behaviour in selling these policies was systemic or confined to individual cases.