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Westpac slams Shine’s ‘sales pitch’ in class action opt out notice
Class Actions 2020-02-21 10:21 pm By Miklos Bolza

Westpac has criticised Shine Lawyers for allegedly turning a registration and opt out notice to class action members into a ‘sales pitch’ designed to book-build […]

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Funder to continue backing Westpac insurance class action, for now
Class Actions 2020-02-12 11:43 am By Miklos Bolza

The funder behind a class action against Westpac over allegedly excessive insurance premiums has confirmed that it will continue backing the case despite earlier concerns […]

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Banks have offered $750M in fees for no service refunds so far, ASIC says
Financial Services 2020-02-11 11:22 pm By Cat Fredenburgh

Six of Australia’s biggest financial services institutions have so far paid or offered $749.7 million in compensation to hundreds of thousands of customers who were […]

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Kleenmaid director gets 9 years in prison for $13M Westpac fraud
White Collar 2020-02-11 12:13 pm By Cat Fredenburgh

A judge has sentenced the founder of defunct whitegoods distributor Kleenmaid to nine years in prison for his role in a $13 million fraud against […]

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US class action firms pounce on Westpac
Class Actions 2020-02-03 2:08 pm By Cat Fredenburgh

Westpac is now facing at least eight class actions in various US courts seeking $200 million from the bank for allegedly failing to alert shareholders […]

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US class action targets Westpac execs over AUSTRAC scandal
Class Actions 2020-01-31 4:08 pm By Cat Fredenburgh

Westpac is facing its first shareholder class action in the US following revelations that it violated anti-money laundering and counter-terrorism finance laws on more than […]

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Westpac to face US class action over AUSTRAC scandal
Class Actions 2020-01-30 3:10 pm By Cat Fredenburgh

A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and […]

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Royal commission class actions keep rolling in, one year after Hayne report
Financial Services 2020-01-23 7:13 pm By Cat Fredenburgh

A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired […]

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IMF poised to take over class actions from rival funders rattled by common fund ruling
Class Actions 2020-01-20 3:57 pm By Miklos Bolza

Litigation funder IMF Bentham has shrugged off concerns about the High Court’s recent ruling on common fund orders, telling investors that it’s in a position […]

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Employees should be entitled to damages for missed super payments, Maurice Blackburn says
ASIC 2020-01-17 6:59 pm By Miklos Bolza

A new superannuation bill working its way through the Federal Parliament should include a right of action for employees to seek damages against businesses that […]

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