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ANZ cops $15M penalty in ASIC case over cash advance fees
Financial Services 2023-09-26 10:27 am By Cindy Cameronne

A judge has ordered ANZ to pay a $15 million agreed penalty in a case over more than $10 million in cash advance fees charged to the credit card accounts of hundreds of thousands of customers.

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Judge says Optus CEO’s statement on Deloitte report raises doubts about privilege claim
Class Actions 2023-09-14 11:39 pm By Sam Matthews

A judge has questioned an argument by Optus that a report by Deloitte into a major data breach was protected by privilege, saying a press release by the teleco’s boss belied the claim that the provision of legal advice was the report’s chief purpose.

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OAIC taken to court in battle to run Optus class action-style complaint
Privacy & Cybersecurity 2023-09-14 11:13 pm By Sam Matthews

The OAIC has been dragged to court by the law firm that filed a class action-style complaint over the massive Optus data breach, after the privacy commissioner chose a competing representative complaint to move forward.

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Law firms to team up in shareholder class action against Medibank
Securities 2023-09-06 11:44 pm By Sam Matthews

A judge has approved a bid to consolidate two shareholder class actions against Medibank over a cyberattack that affected 10 million customers, finding that having two firms on the record is better than a carriage contest.

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Directed Electronics loses appeal in Hanhwa trade secrets case
Appeals 2023-09-06 11:22 pm By Cat Fredenburgh

Automotive electronics company Directed Electronics has lost its bid to revive copyright claims against a form business partner who it pursued as part of litigation over a scheme by two former employees to misappropriate its trade secrets through a secret side agreement with South Korean giant Hanhwa.

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Medibank to sue privacy commissioner over possible contempt
Privacy & Cybersecurity 2023-08-31 2:48 pm By Sam Matthews

A judge has endorsed Medibank’s bid to sue the OAIC so the court can weigh in on the health insurer’s bid to halt the regulator’s investigation in favour of a class action over its October data breach, saying the OAIC’s interference with the court proceedings could constitute a contempt of court.

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Judge tosses claims in $650M dealer lawsuit against Mercedes-Benz
Contracts 2023-08-30 11:30 pm By Cat Fredenburgh

A judge has thrown out claims in a $650 million lawsuit by 38 dealers against Mercedes-Benz Australia over its decision to move to a fixed-price agency model, finding the dealers’ lawsuit sought to rewrite the terms of their agreement with the car maker on more commercially favourable terms.

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Nursing home class actions try again for insurance docs
Class Actions 2023-08-17 11:32 pm By Cat Fredenburgh

Two class actions against Victorian aged care providers on behalf of families of residents who died due to alleged failures during the COVID-19 pandemic have appealed a ruling that rejected their bid for insurance and financial information to assist in mediation.

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Three-way contest looms to run class action against IG Markets over CFDs
Class Actions 2023-08-15 11:16 am By Cindy Cameronne

IG Markets has been hit with a second class action for offering “highly risky and unsuitable financial products” to retail investors, with a third competing proceeding in the works.

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Class action wants Deloitte report into Optus data breach
Privacy & Cybersecurity 2023-08-09 1:19 pm By Cat Fredenburgh

A class action against Optus over a cyberattack that left the data of up to 10 million customers exposed is seeking access to an independent report prepared by Deloitte into the causes of the hack.

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