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Class action members benefit when funder’s payout in line with risk, judge says
Class Actions 2023-01-13 10:37 pm By Christine Caulfield

In reasons for approving a $41 million deal to settle one of three shareholder class actions over Slater & Gordon’s acquisition of a UK firm […]

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Top 10 class action settlements of 2022
Top 10 Class Action Settlements 2023-01-06 3:23 pm By Sam Matthews

Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by […]

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Westpac can’t keep lid on total premiums paid in ‘junk’ insurance class actions
Class Actions 2022-12-05 11:34 pm By Sam Matthews

Westpac has lost a bid to keep group members in the dark about the premiums paid for allegedly worthless consumer credit insurance, information the bank […]

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Westpac opposes ‘premature’ notice of $126M class action settlement
Class Actions 2022-11-22 2:19 pm By Sam Matthews

Westpac has objected to several proposed notices going out to group members in a class action over ā€˜junkā€™ consumer credit insurance, which three of the […]

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Pitcher Partners’ $41M class action settlement gets nod
Class Actions 2022-10-28 11:04 pm By Cindy Cameronne

A judge has approved a $41 million settlement in a shareholder class action against Pitcher Partners and has awarded the funder a commission of $11.5 […]

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ANZ close to settling class action over ‘junk’ add-on insurance
Class Actions 2022-10-14 4:06 pm By Sam Matthews

Insurer QBE has settled a class action over ANZ’s sale of allegedly worthless add-on insurance, and the applicants are ā€œhopefulā€ that the bank and two […]

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Austal hit with $700,000 penalty over $3.5B US Navy program disclosures
ASIC 2022-10-14 11:21 pm By Cat Fredenburgh

Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the […]

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Trial judge in Brambles class action questions long-term financial forecasts
Trials 2022-08-10 11:50 pm By Sam Matthews

A judge overseeing the trial in a shareholder class action against chain logistics company Brambles has questioned the company’s use of long-term financial forecasts. On […]

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EY settlement in class action over Slater & Gordon audits approved
Securities 2022-08-05 2:05 pm By Cindy Cameronne

A judge has blessed Ernst & Youngā€™s settlement with shareholders in a class action alleging the firm, along with Pitcher Partners, approved an overly rosy […]

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Citing ‘leisurewear effect’, judge says Brambles class action witness should testify in person
Class Actions 2022-08-03 1:52 pm By Sam Matthews

A judge has rejected a bid by chain logistics company Brambles to allow two of its US-based witnesses to appear remotely at an upcoming trial […]

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