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ASIC seek $36M penalty from AMP unit in insurance churn case
Financial Services June 19, 2019 5:13 pm By Miklos Bolza

The Australian Securities and Investments Commission has asked a court to impose penalties of up to $36 million on an AMP subsidiary for failing to […]

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Judge has ‘real misgivings’ about security for costs bid in casual worker class actions
Class Actions June 17, 2019 10:08 pm By Miklos Bolza

A judge has baulked at an application by labour hire company Chandler Macleod and BHP unit Mt Arthur Coal seeking security for their legal costs […]

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Horse vaccine class action gets chance to add sample group member to bring ‘valid’ consumer claim
Class Actions June 4, 2019 9:19 pm By Amelia Birnie

Noting the relevant three-year limitations provision was “quite unusal”, the judge overseeing a consumer class action against horse vaccine manufacturer Zoetis has given the class […]

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Judge hits funder-backed Appco class action with costs despite ‘no costs’ rule
Class Actions May 31, 2019 5:07 pm By Amelia Birnie

A judge has hit the applicant in a sham contracting class action against Appco with costs for forcing the company to file a defence to […]

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‘Sensible’ funder won’t stick toxic foam class with costs after last-minute common fund withdrawal
Product Liability May 30, 2019 3:33 pm By Miklos Bolza

A judge has praised funder IMF Bentham for not seeking to recover from group members the cost of a withdrawn common fund application in one […]

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Maurice Blackburn gets second shot at pursuing class action against BHP
Appeals May 28, 2019 9:18 pm By Christine Caulfield

Maurice Blackburn has partly prevailed in an appeal of a judge’s decision to put the brakes on its shareholder class action against BHP while greenlighting […]

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Appeals court in BHP class action battle questions superiority of no win, no fee model
Appeals May 27, 2019 11:45 pm By Christine Caulfield

Maurice Blackburn’s funding model rejected by a judge overseeing a beauty parade of class actions against BHP appeared structured to incentivise the firm to push […]

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Banknote maker CCL Secure wins dramatic cut of $65M judgment in ‘shabby fraud’ case
Appeals May 24, 2019 10:35 pm By Miklos Bolza

An appeals court has slashed a damages judgment against international banknote manufacturer CCL Secure in a case alleging it tricked its Nigerian agent into signing […]

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“I’d be happy to mediate it myself”: Judge cheers talks in Fitch class action
Class Actions May 23, 2019 7:52 pm By Miklos Bolza

Parties in an ongoing four-and-a-half year long investor class action against Fitch Ratings have agreed to a second round of mediation after a prior attempt […]

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AMP admits to breaches in ASIC’s insurance churn case
Financial Services May 21, 2019 12:43 pm By Miklos Bolza

AMP’s financial planning unit has admitted it breached the Corporations Act when at least one of its representatives engaged in so-called insurance policy churning, in […]

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