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SMBC can add new claims in $34M case over Forum Finance receivables
Westpac 2023-06-02 4:00 pm By Gareth Baker

SMBC has been cleared to add more claims to its $34 million suit against Humm Group after the fintech’s subsidiary allegedly misled the Japanese bank […]

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Judge ‘horrified’ at ATO involvement in distributing superannuation class action settlements
Class Actions 2023-04-05 12:52 pm By Cindy Cameronne

A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has expressed concerns about the ATO’s potential involvement in […]

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Westpac, ASIC feud over scope of financial services in Ausgrid insider trading case
Corporate 2023-03-30 10:30 pm By Cindy Cameronne

Westpac has hit back at a bid by ASIC to add an allegation to the regulator’s insider trading case that hinges on the bank providing […]

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Firm’s contingency fee re-do wins over judge in class actions against banks
Class Actions 2023-03-03 5:50 pm By Cindy Cameronne

A law firm has won its second bid for a group costs order in three class actions against banks over flexible commission schemes after a […]

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Law firm shaves 0.5% off payout in second go at class action contingency fee
Class Actions 2023-02-23 5:11 pm By Cindy Cameronne

Maurice Blackburn has had a second crack at a group costs order in three class actions against banks over alleged flexible commission schemes after a […]

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‘Porsches, Lamborghinis and racehorses’: Court hears details of alleged $400M Forum Finance fraud
White Collar 2023-02-06 5:41 pm By Sam Matthews

Westpac has told a court that it is “inconceivable” that Forum Finance directors Bill Papas and Vince Tesoriero and funded their lavish lifestyles legitimately, as […]

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Westpac settles superannuation class action for $30M
Class Actions 2022-12-16 12:03 pm By Sam Matthews

Westpac has agreed to pay $29.95 million to settle a class action alleging subsidiaries BT Funds Management Limited and Westpac Life Insurance Services Limited charged […]

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Westpac can’t keep lid on total premiums paid in ‘junk’ insurance class actions
Class Actions 2022-12-05 11:34 pm By Sam Matthews

Westpac has lost a bid to keep group members in the dark about the premiums paid for allegedly worthless consumer credit insurance, information the bank […]

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Westpac opposes ‘premature’ notice of $126M class action settlement
Class Actions 2022-11-22 2:19 pm By Sam Matthews

Westpac has objected to several proposed notices going out to group members in a class action over ‘junk’ consumer credit insurance, which three of the […]

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No contradictor in law firm’s second bid for GCO in ANZ, Westpac class actions
Financial Services 2022-11-18 5:16 pm By Cindy Cameronne

ANZ and Westpac have failed in their bid for a contradictor to weigh in on a contingency fee bid in two class actions, as the […]

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