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Court OKs $37M settlement in EML shareholder class action
A judge has approved a $37.35 million settlement in a class action alleging fintech EML Payments failed to promptly disclose anti-money laundering and counter terrorism compliance concerns.
ACCC says caravan maker Jayco’s expert evidence a ‘waste of court’s time’
The ACCC wants to exclude parts of caravan maker Jayco’s expert design evidence in a case over alleged misleading representations that its vehicles were suitable for off-road or four wheel drive use. 
Microsoft offers refund to customers ACCC claims were duped into taking AI product
Microsoft has offered to refund millions of customers who the consumer cop says unwittingly subscribed to its AI assistant Copilot without being told a cheaper AI-free option was available. 
‘Very concerned’: Judge wants to hear from late EML class action members
A judge has adjourned a hearing seeking approval of a $37.35 million settlement in a shareholder class action against EML Payments over concerns about the exclusion of late registrants and claims.
Microsoft deliberately concealed AI-free 365 plan, ACCC claims
The ACCC has taken Microsoft to court, alleging the software giant misled 2.7 million customers of its 365 product suite into believing they had to subscribe to its AI assistant Copilot, knowing they were sceptical of the new product.
Shine Lawyers drops bid to up EML class action profit by $2M
Shine Lawyers has withdrawn an application to increase its payout from a class action against EML Payments, which has settled for $37.2 million.
Law firm wants EML class action fee bumped back to rejected rate
The contingency fee rate sought by Shine Lawyers in its bid to vary a group costs order in a class action against EML Payments has been revealed as the percentage profit it initially proposed to a judge, who took an ax to it three years ago.
RV maker Jayco must back up defence claim in ACCC case, court says
Jayco must spell out its claim that it explained the specific features of its recreational vehicles to customers, as part of its defence to an ACCC case over alleged misleading statements, a judge has said.
Judge orders longer soft class closure in KPMG class action over Arrium collapse
The judge in a class action against KPMG and ex-Arrium directors has made soft class closure orders, but chosen the longer period offered by the defendants, saying the risk of locking out unregistered members was no reason to pick an “unrealistically early” date to re-open the class.
EML Payments settles shareholder class action for $37M
Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.