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Court’s ‘auction’ approach in GetSwift slammed in bid to revive AMP class action
Appeals 2019-08-26 9:44 pm By Miklos Bolza

The barrister leading an appeal seeking to revive Quinn Emanuel’s fees for no service class action against AMP has criticised the approach taken in the […]

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Westpac lightens class action load with $23.25M in payouts
Class Actions 2019-08-23 9:18 pm By Cat Fredenburgh

Westpac has recently agreed to pay a combined $23.25 million to settle two class actions against it, cutting the number of class actions the bank […]

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ASIC takes NAB to court over dodgy home loan ‘introducers’
Financial Services 2019-08-23 1:39 pm By Christine Caulfield

The Australian Securities and Investments Commission has brought legal action against National Australia Bank over its scandal-ridden ‘Introducer’ loan referral program. ASIC alleges in its […]

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Westpac to pay $13.25M to settle class action over Samra Ponzi scheme
Class Actions 2019-08-22 2:56 pm By Cat Fredenburgh

Westpac will pay $13.25 million to settle a class action over alleged losses caused by subsidiary BankSA’s investments in a Ponzi scheme run by convicted […]

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NAB sues Helen Rosamond’s Human Group
Financial Services 2019-08-21 9:00 pm By Christine Caulfield

National Australia Bank is taking Helen Rosamond’s executive services company Human Group to court in connection with a multimillion dollar fraud against the bank. The […]

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Firms to consolidate AMP super class actions, and funders put commission in court’s hands
Class Actions 2019-08-21 3:39 pm By Christine Caulfield

A judge overseeing competing class actions against AMP over allegedly excessive superannuation fees has signed off on an agreement by two rival law firms to […]

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AMP beefs up legal team for superannuation class action
Class Actions 2019-08-20 10:30 pm By Christine Caulfield

AMP has added two law firms to separately represent its subidiaries in one of two class actions alleging it charged its superannuation members excessive fees. […]

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Senior partner denies deliberate delay in trial over rejected $4.45M Westpac settlement
Legal Ethics 2019-08-20 8:45 pm By Miklos Bolza

A senior partner at a Sydney-based law firm has denied he made a “deliberate decision” to withhold advice from a former client suing for alleged […]

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ASIC up to its ears in investigations post-royal commission
Financial Services 2019-08-19 12:56 pm By Miklos Bolza

The Australian Securities and Investigations is making up for lost time, ramping up its investigation and litigation efforts following a blistering critique by the banking […]

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Litigation must not descend into ‘staged trench warfare’, top judge tells ASIC, ANZ
Financial Services 2019-08-16 11:54 pm By Christine Caulfield

The Federal Court’s top judge has urged ASIC and ANZ to continue their “litigation good faith” in the corporate cop’s action over $35 million in […]

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