Settlement

Chinese builder Yuanda has settled a lawsuit against its former director that alleged he diverted building contracts, including a project with Lendlease, to his current employer SRG Global. 

An environmental group has dropped its court fight over the expansion of the New Acland coal mine in Queensland, saying the case -- which went to the High Court -- had taken a heavy financial toll.

A class action against Allianz over alleged junk add-on insurance has settled for $170 million, with two law firms set to take 25 per cent of the payout under a group costs order. 

Crocs unit Jibbitz has settled its patent dispute against Australian company Bavvaro, which was accused of selling knock-off versions of its shoe accessories. 

Class action settlements leaped in value last year, with three settlements topping the $200 million mark.

Hino Motors has agreed to pay $87 million to settle a consumer class action alleging it misrepresented that its vehicles met Australian emissions and road standards over a 20-year period.

Women who were allegedly injured by defective pelvic mesh implants can apply to set aside two approved settlements against Johnson & Johnson and Boston Scientific worth $405 million.

A judge has approved a $56 million settlement in a class action alleging Monash IVF destroyed potentially viable embryos, including a $10.6 million payout for the firm that ran the case.

A judge has approved a $57.5 million settlement in a class action against ANZ over credit card interest, including allowing the funder to recoup $1.2 million in after-the-event insurance costs.