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A judge has admonished a class action applicant over continuing delays in a four-year-old class action against NAB which he said “should not be allowed to languish any longer”.
National Australia Bank has been revealed as one of HWL Ebsworth's clients whose information was compromised when the law firm was hacked by a Russian-linked group.
A judge has approved a settlement with former directors of collapsed advisory firm Linchpin Capital under which insurer RiverStone will pay $6.3 million, which will be used to fund the investor class action’s claims against AIG.
Nine is battling to adduce evidence concerning the reputation of Euro Pacific CEO Peter Schiff, as it scrambles to minimise the damages it will owe after abandoning its substantive defences in defamation proceedings by the bank boss.
A judge has indicated he will approve settlements totalling $2.7 million reached with disgraced senior barrister Norman O'Bryan and a cost consultant retained by the legal team behind the Banksia class action fraud.
A $47 million settlement in a class action against ANZ -- one of three settlements in a series of class actions against the big banks over 'junk' consumer credit insurance -- was fair and reasonable, a judge has said.
The Queensland government has signed off on ANZ's proposed $4.9 billion merger with Suncorp's banking arm, after the company agreed to remain headquartered in Brisbane as a dedicated insurance company.
A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has flagged the possibility of appointing a contradictor to examine the litigation funder’s claimed cut of the settlement, which includes a deduction of over $1 million to cover the costs of after-the-event insurance.
Sunshine Loans has lost its bid to have the Full Court weigh in on ASIC’s authority to seek penalties for Credit Code violations, in proceedings accusing the online lender of charging over $320,000 in prohibited fees.
The High Court has rejected an appeal by a mortgage broker in a saga stretching back a decade, when the corporate regulator imposed a lifelong ban against the broker for failing to disclose a conviction on his credit licence application.