National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.
The law firm behind a class action against Origin Energy wants a 35 per cent contingency fee, arguing that a string of defeats in shareholders cases has “accentuated the uncertainty and complexities” of proving loss.
Maurice Blackburn’s costs in running a ‘junk’ insurance class action which settled for $34 million will not be fully covered under a 25 per cent group costs order, a court has heard.
Two months after reserving judgment, an appeals court has allowed the Worley class action to reopen the case to offer its take on the relevance of the Full Court’s ruling last month in the CBA class actions.
Two Suncorp units and insurer TAL Life have agreed to pay $34 million to settle a class action over allegedly worthless add-on insurance sold at car dealerships.
A judge was too exacting in deciding the applicant in a shareholder class action against engineering services firm Worley suffered no loss from misleading guidance, an appeals court has heard.
A judge “went off the rails” in finding Worley liable for misleading or deceptive conduct, a lawyer for the engineering services company has said on the first day of an appeal in a shareholder class action.
Suncorp has reached a settlement in a class action against unit AAI over add-on insurance, the insurer confirmed on Friday.
A court has vacated a trial set to begin Monday in the class action against Suncorp unit AAI over add-on insurance, suggesting a settlement is in the works.
Trial in a class action against Suncorp unit AAI over add-on insurance has been delayed as Maurice Blackburn works to secure a NAB bank guarantee to satisfy a $1.7 million security for costs order.