Japanese bankng giant SMBC has emerged as the latest lender with exposure to an alleged fraud carried out by Sydney-based Forum Finance, with proceedings filed seeking recovery of almost $99 million it says it paid to a unit of Forum Group and controversial director Bill Papas.
Car giant General Motors, which faces a class action by former Holden franchisees, wants to strip the case of class status, arguing that “idiosyncrasies” in group member claims could result in further lawsuits even after a judgment in the case.
Monash IVF patients who accuse the company of destroying viable embryos are having “second thoughts” after accepting payment offers by the fertility clinic and signing away their rights to participate in a class action, a Victoria Supreme Court judge has heard.
Six of the world’s largest car makers have agreed to settle class actions accusing them of selling cars with deadly Takata airbags.
Two Melbourne-based aged care providers want negligence claims that are unrelated to COVID-19 removed from class actions over their handling of the pandemic, in a move that may exclude a “very large number” of group members from the proceedings.
ASIC is seeking $1.5 million in penalties against insurers Allianz and AWP after they admitted to misleading or deceiving the public by selling travel insurance to ineligible customers through three Expedia-owned websites.
Two law firms running competing class actions against insurance giant Allianz have dropped a plan to resolve the duplication by jointly running just one of the cases, opting for consolidation instead.
The owner of a Sydney-based jewellery design house is facing a sexual harassment lawsuit by an employee who claims he gave her multiple diamond rings and necklaces, slapped her on the buttocks and made numerous unwelcome remarks about her body.
Japanese oil company Inpex has sued Dutch paint manufacturer AkzoNobel for allegedly making misleading statements about an epoxy coating it supplied for use in the Ichthys Liquefied Natural Gas project in Bladin Point, Darwin.
A judge has denied defunct insurance broker All Class Insurance its bid for indemnity cover for the alleged theft of company funds by its director, finding the director misappropriated trust funds and fraudulently did not disclose the conduct to insurer Chubb Insurance.