Commonwealth Bank’s New Zealand unit, ASB Bank, has agreed to pay $119.35 million to settle a class action alleging it failed to repay fees and interest wrongly charged to 150,000 customers who took out home or personal loans.
Tabcorp has settled a lawsuit by a former CEO who alleged his coerced resignation over alleged offensive language was inconsistent with a boardroom history of condoning off-colour remarks.
Shine Lawyers has come under fire from a judge, after the firm filed an application to materially vary a 24.5 per cent group costs order in a settled shareholder class action against EML Payments.
Telstra has reached an agreement with the consumer regulator after a court found the telco misled thousands of broadband customers about the speed of its budget internet provider, Belong.
Rebel Sport owner Super Retail Group has reached a settlement in a lawsuit by two former employees, just days after the retailer sacked its CEO.
A court has approved Crown Resorts’ $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff’s law firm.
The funder behind a class action against the operator of Gladstone Port has bowed out after spending $30 million on the case, and is weighing proceedings to recover its sunk costs from the law firm that initially ran the litigation.
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.
CBA-backed venture capital firm Wollemi has reached an agreement to resolve a trade mark dispute with the family office of Tesla chairwoman Robyn Denholm.
A judge has hacked Maurice Blackburn’s promised cut of an $87 million settlement in a class action against Hino Motors, saying the 24.66 per cent group costs order previously approved by the court would result in a “disproportionate return” to the firm.