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Two Westpac units have been hit with a class action over allegedly excessive superannuation interest rates, the third class action filed as part of Slater and Gordon's $1 billion 'Get Your Super Back' campaign.
The $29 million settlement in the Radio Rentals 'Rent, Try, $1 Buy' class action is back on track after concerns by former CEO James Marshall about uncertainty in the deed of settlement were resolved.
The Australian Securities and Investments Commission has filed Federal Court proceedings against Bank of Queensland and Bendigo and Adelaide Bank over alleged unfair terms in their small business contracts.
A consumer class action against Radio Rentals over its 'Rent, Try, $1 Buy' scheme is "very close" to settling, a court heard Monday, with just a few more days required to negotiate a final agreement.
A Credit Suisse unit has lost a bid to strike out portions of a case launched by a group of investors over financial products known as MINI warrants, with a judge saying the claims were not untenable as argued.
A judge has removed the funder and law firm leading the Banksia Securities class action from their roles supervising a proposed settlement distribution scheme after the funder was accused of intimidation, a lack of experience and charging excessive costs.
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 landmark GetSwift ruling on competing class actions, saying it placed the court in the role of auctioneer and actually encouraged duplicative proceedings.
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 is facing in half.
The Australian Securities and Investments Commission has brought legal action against National Australia Bank over its scandal-ridden 'Introducer' loan referral program.
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 fraudster Michael Samra.