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Counsel representing a class action on behalf of thousands of Aussie Home Loan customers has told a trial judge brokers "planted seeds" to convince customers they needed to take out worthless mortgage protection insurance.
A judge has shot down a bid to add a negligence claim to a class action on behalf of Queensland motorists over allegedly excessive toll charges, finding allegations the government owed a duty of care were likely to be struck out.
Construction PRO
A judge has shot down a bid to add a negligence claim to a class action on behalf of Queensland motorists over allegedly excessive toll charges, finding allegations the government owed a duty of care were likely to be struck out.
Despite its loss in a class action against Queensland power companies, which has put it on the hook for $32 million in costs, funder LCM has avoided calls for cash security in a representative proceeding over toll road charges.
A judge has declined a funder’s bid for a $43 million payout in a class action accusing Colonial First State of charging excessive premiums, saying it was entitled to a 27.5 per cent commission but not $4.5 million for after-the-event insurance.
The former CEO of Nudie Juice and his wife are fighting a court's ruling in favour of a liquidator's case making breach of duty claims in relation to an alleged tax fraud scheme.
The former CEO of beverage company Nudie and his wife can't escape a liquidator’s case that seeks to void clauses of a settlement that released them from breach of duty claims over an alleged fraudulent tax scheme.
Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn't exist, has won the right to call in warranties on its $113.7 million investment.
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.
Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.