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‘A disappointing result’: Judge approves $25M settlement in Dick Smith class actions
Class Actions 2021-03-17 11:52 pm By Cat Fredenburgh

A judge has approved a “disappointing” $25 million settlement in long-running class action litigation over the collapse of electronics retailer Dick Smith with claims worth […]

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ASIC takes NAB to court over $365k in account fees
Financial Services 2021-02-25 1:46 pm By Miklos Bolza

ASIC has launched court proceedings against National Australia Bank accusing the bank of engaging in unconscionable conduct by charging more than $365,000 in fees to […]

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MySuper lawsuit gets one more chance before NAB pulls trigger on dismissal
Financial Services 2021-02-03 12:23 pm By Miklos Bolza

Two NAB units have indicated they will seek to dismiss a lawsuit over alleged MySuper mismanagement which the court recently ruled was not validly commenced […]

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Former NAB chief of staff Rosemary Rogers jailed for eight years for fraud
Financial Services 2021-01-27 5:29 pm By Miklos Bolza

A former high ranking executive from National Australia Bank has been sentenced to eight years in prison for receiving bribes in the form of inflated […]

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Accused NAB scammer Helen Rosamond can’t vary freezing order to pay legal bills
Financial Services 2021-01-20 4:16 pm By Spencer Fowler Steen

NAB has succeeded in blocking accused scammer Helen Rosamond and her executive services company Human Group from varying a freezing order in a case over […]

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Class action against NAB over MySuper not validly commenced, court finds
Class Actions 2020-12-21 12:58 pm By Miklos Bolza

A class action filed by Maurice Blackburn against NAB units MLC and NULIS was invalidly commenced thanks to a carve out in the Supreme Court […]

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Judge fines NAB $15M, questions ASIC’s ‘introducer’ investigation
Financial Services 2020-10-19 6:01 pm By Miklos Bolza

A judge has slapped National Australia Bank with a $15 million penalty over its scandal-ridden home loan introducer program but slammed ASIC’s investigation into the […]

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NAB units ordered to pay $57.5M in ASIC fees for no service case
Financial Services 2020-09-11 11:28 pm By Cat Fredenburgh

The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to […]

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$1.4B MLC acquisition puts IOOF on the hook for class actions, ASIC case
Financial Services 2020-08-31 9:59 pm By Miklos Bolza

Financial services giant IOOF Holdings will be on the hook for any judgments or settlements reached in two class actions and an ASIC lawsuit as […]

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QBE looks to shrink ANZ add on insurance class action 
Class Actions 2020-08-25 10:48 pm By Alison Eveleigh

Insurer QBE wants to downsize a massive class action brought against it and banking giant ANZ over the sale of allegedly worthless add on insurance. […]

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