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Barry Nilsson poaches six from Norton Rose to boost insurance practice
People In The News 2023-04-03 4:28 pm By Cindy Cameronne

Boutique law firm Barry Nilsson has snagged a Norton Rose Fulbright disputes partner who specialises in healthcare product liability class actions and his five-member team to join its Sydney office. 

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Class action targets Medibank’s failure to use multi factor authentication
Securities 2023-03-30 1:05 pm By Cindy Cameronne

A shareholder class action against Medibank has claimed it did not disclose “serious deficiencies” in its cybersecurity measures, including failing to implement security measures such as multi factor authentication, causing investors to buy shares at inflated prices. 

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BCC can bring claims against three Greensill units
Insurance 2023-03-30 4:16 pm By Cindy Cameronne

Insurer Bond & Credit Company has overcome an administrator’s protests and won leave to bring cross-claims against three Greensill entities in lawsuits over the financing firm’s $1.7 billion collapse.

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Medibank hit with shareholder class action over cyberattack
Class Actions 2023-03-29 11:54 pm By Cat Fredenburgh

Australia’s largest private health insurer Medibank has been hit with a shareholder class action in the wake of a massive cyberattack that left the data of 10 million customers exposed.

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Insurers score win in court battle over $695M Pacific Highway project
Insurance 2023-03-28 3:45 pm By Sam Matthews

The Full Court has found that a policy exclusion applies in a dispute between Acciona Infrastructure and Ferrovial Construction and three insurers over coverage for loss and damage caused by heavy rainfall during the construction of the $695 million Pacific Highway in northern New South Wales.

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Linchpin class action settles with directors, continues against AIG
Class Actions 2023-03-24 10:19 pm By Cindy Cameronne

An investor class action has reached a settlement with four former directors of defunct Linchpin Capital, leaving only allegations against AIG Insurance, which is allegedly seeking to withdraw an admission that directors were insured under a D&O policy. 

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Court to hear bid to join insurers to class action against Blue Sky, EY
Class Actions 2023-03-24 10:27 pm By Sam Matthews

The insurers of Blue Sky Alternative Investments are fighting a bid to be joined to a consolidated investor class action against the company and its auditor, EY.

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In fight with ex-Orix CEO, Chubb can argue Coca-Cola Amatil knew nothing of alleged bribes
Insurance 2023-03-22 9:56 pm By Cindy Cameronne

Facing a claim to cover the legal costs of former Orix CEO John Carter under a D&O policy, Chubb has been given the green light to argue that Coca-Cola Amatil’s board had no knowledge of alleged secret bribes.

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Opal Tower engineer’s status as Icon subcontractor enough for class action indemnity, trial told
Insurance 2023-03-15 4:14 pm By Cindy Cameronne

Opal Tower engineer WSP is battling insurers for builder Icon over coverage for the costs of a class action by residents, telling a court on Wednesday that Icon was liable for alleged structural defects in the building despite having subcontracted the structural design to WSP.

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Silk sues Suncorp over eight-year insurance claim saga
Insurance 2023-03-15 10:10 pm By Sam Matthews

A senior barrister has sued insurer Suncorp for its alleged inadequate handling of a claim first made in 2014 relating to storm damage at his three-storey home which made him feel he was “living out a real-life version of Bill Murray’s experience in the movie Groundhog Day.”

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