AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
A judge has signed off on a $13.5 million penalty agreed to by retailer The Good Guys for making misleading statements about store credit and StoreCash schemes to customers.
A judge has signed off on Westpac’s $130 million settlement in a class action over flexible commissions paid to car dealers, bringing to an end three cases brought by Maurice Blackburn against lenders.
After more than a year on ice, two class actions against age care facilities over COVID-19 outbreaks are set to resume late this year, following a month-long criminal trial that kicks off next week.
Funeral insurer ACBF has been hit with a $3.5 million penalty for “callous” and “egregious” misrepresentations to Indigenous customers that its business was Aboriginal owned or managed.
On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers’ superannuation with the bank.
The state of Victoria can’t set aside a liquidator’s disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord’s rights over the property and waste were not terminated by the disclaimer.
A judge has hit AustralianSuper with a $27 million penalty for breaching superannuation rules requiring providers to consolidate customer accounts.
A second law firm has lodged class actions against Coles and Woolworths on the back of the consumer regulator’s claims that the supermarket giants’ discount campaigns were misleading.
A judge has signed off on a $38 million settlement in a shareholder class action against Mayne Pharma but has slashed a 27.9 per cent commission for the funder that backed the case. Victorian Supreme Court Justice Andrew Watson approved the settlement on 19 December, including $6 million in legal costs and a 25.7 per…