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Limitations defences not relevant to new claims in Victoria class actions, court told
Class Actions 2024-12-20 11:04 pm By Cindy Cameronne

A class action against Toyota Finance has argued it can add new claims that are out of time because Victorian courts cannot factor in the loss of limitations defences in deciding whether to allow amendments. 

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Investor class action against Linchpin insurer AIG prevails
Class Actions 2024-12-19 11:21 pm By Sam Matthews

An investor class action against failed advisory firm Linchpin Capital and its former directors has won its bid to claim its losses against a $10 million insurance policy from AIG.

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ACCC won’t give Catholic hospitals blessing to boycott private insurers
Healthcare 2024-12-19 11:45 pm By Christine Caulfield

The competition regulator plans to block a group of Catholic hospital operators from collectively boycotting large private health insurers in the event funding negotiations fail.

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Maurice Blackburn’s class action risk too high to duck security, court told
Class Actions 2024-12-16 11:27 pm By Andy Sidler

Maurice Blackburn should provide $1.77 million in security in a class action over add-on insurance because the firm faces high risks in other class actions which could affect its ability to cover an adverse costs order, a court has heard.

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Lead auditor for collapsed Greensill suspended for multiple failures
Financial Services 2024-12-16 11:13 pm By Cindy Cameronne

The lead auditor for the collapsed Greensill group, which was wound up in 2021 with claims over $1.7 billion, has been suspended until June 2026 for failing to adequately carry out his duties. 

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Judge hearing Cbus case slams ‘false economy’ of concise statements
Suresh Senathirajah 2024-12-13 11:16 pm By Sam Matthews

The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.

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Monash IVF class action wants bulk of late members shut out of $56M deal
Class Actions 2024-12-12 11:28 pm By Sam Matthews

A class action on behalf of 700 patients alleging Monash IVF destroyed potentially viable embryos has told a court the majority of late registrants should not share in the $56 million settlement.

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NRMA hit with class action over ‘loyalty tax’
Insurance 2024-12-10 12:01 pm By Sam Matthews

A new class action alleges IAG unit NRMA slugged returning policyholders with an algorithm-determined “loyalty tax” on their home and contents insurance.

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High Court leave refused over lawyers’ insurance ‘monopoly’
Business of Law 2024-12-09 11:56 pm By Christine Caulfield

An insurer has failed in a bid to appeal to the High Court a case it said had implications for competition in the market for lawyers professional indemnity insurance in NSW.

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Court finds insurer does not have to cover underpayment claims
Insurance 2024-12-09 11:00 pm By Andy Sidler

A court has found insurer Lloyds of London does not have to indemnify real estate agent Attree for underpayment claims by employees.

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