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A judge has questioned whether he should sign off on a $49.5 million settlement in a class action against National Australia Bank over allegedly worthless credit card insurance, which he said had a "fundamental flaw" because it did not contain a provision automatically cancelling group members' policies.
A judge is expected to issue a temporary injunction Thursday barring Facebook and Instagram from blocking users who are customers of a Melbourne-based social media startup that has accused the companies of trying to quash competition.
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.
A judge on Tuesday questioned how elderly group members struggling with the digital age can register in a 'junk' insurance class action against National Australia Bank, amid the postponement of hearing to approve the $49.5 million settlement reached in the case.
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.
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.
A Federal Court judge has dismissed an application by GetSwift to delay the hearing of a shareholder class action against it, despite arguments that a judge would need to be "superhuman" to hear the trial immediately after a civil penalty hearing brought by ASIC against the logistics company.
The Australian Competition and Consumer Commission has won its bid to continue proceedings against the insolvent operator of the Jump! swim school franchise and its director, with a court finding the case was in the public interest.
A class action against National Australia Bank over allegedly worthless consumer credit insurance could be referred to the Full Federal Court just three months out from trial, amid concerns that the class action was not validly commenced.
Grocon has won the right to appeal a $13.9 million interlocutory judgment in an ongoing lease dispute with property management firm Dexus, amid concerns that the construction company would be deemed insolvent if it was forced to pay the interim demand notice.