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QSuper class action settlement costs, commission revealed
The law firm and funder behind the settled class action against QSuper will seek almost $31 million in costs and commission at an upcoming hearing.
AMP says insurance class action pleading ‘not good enough’
A class action against AMP over allegedly inflated insurance premiums has been ordered to better particularise its case, with a judge hearing the current pleading is "not good enough" for the wealth manager to put on a defence.
ASIC’s evidence in for penalty hearing against payday lenders
A judge has dismissed objections to ASIC’s evidence ahead of a penalty hearing in its case against BSF Solutions, Cigno and two directors, saying they were “not entitled to save up any such complaint” until after the liability hearing.
No justification for $165M in fees, court told in NULIS class action appeal
NAB super fund trustee NULIS Nominees had no power to continue charging members for $165 million in fees to pay adviser commission after conflicted remuneration was banned in 2016, an appeals court has heard.
Courtenay House victims win case over Ponzi scheme losses
Two victims of collapsed investment firm Courtenay House have won a case against the real estate agent who persuaded them to invest hundreds of thousands of dollars into the $180 million Ponzi scheme.
AMP super members get half of $120M class action settlement
AMP super members are set to receive $60 million in a class action stemming from the banking royal commission, with the average payout being under $100, a judge has heard. 
Class action against CMC Markets can add personal advice claim
A class action against CMC Markets got the go-ahead Thursday to add new claims in its case centred on risky financial products, after trawling through 27,000 documents produced by the trading platform.
Injury firm can bolster defence in defunct funder’s $2M case
A personal injury law firm can beef up its defence in a case brought by the receivers of collapsed litigation funder JustKapital, who claim the firm owes $2 million in fees and interest for disbursement financing.
Ex-ANZ CEO drops lawsuit over $13.5M bonus
Former ANZ CEO Shayne Elliott has dropped a lawsuit alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Mrs Mac’s CFO silent on financial woes, court finds in partial win for Octet
Octet Finance has won a $38,000 judgment against the ex-CFO of defunct pie maker Mrs Mac’s, with a court finding he failed to correct a statement that the trade financier would likely be repaid in full following a $4 million recapitalisation.