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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.
ASIC has successfully defended a $10 million defamation case brought by a Canadian trader, with a judge finding any loss experienced was due to his firm's traders manipulating the market.
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.