A judge has signed off on a $59 million settlement in a class action accusing five banks of foreign exchange rate-rigging, while bemoaning the failure of successive attorneys-general to advance reforms clarifying the court’s power to make class closure orders.
National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.
GFG unit Whyalla Ports has won its bid to rub out some expert evidence put forward by OneSteel about the costs of dismantling and removing assets from the site in their dispute over control of the assets at the South Australian port.
A judge overseeing class actions against Coles and Woolworths over alleged illusory discounts has raised concerns about a bid to bind group members to findings in similar cases by the ACCC.
The High Court has rejected logistics company Qube’s special leave application asking it to clarify the scope of an adjudicator’s role in determining a contractor’s payment claims under the SOP Act.
The High Court has declined to weigh in on when a court should step in when the machinery governing the entitlement to payments in a contract breaks down, in a dispute between builder Glenvill and Amcor over asbestos remediation at an industrial site in the Melbourne suburb of Alphington.
Seek has agreed to maintain Employment Hero’s access to its programming platform pending the outcome of the start-up’s court action, which accuses the job listings giant of misusing its market dominance.
HR company Employment Hero has launched legal action against investor and rival Seek, alleging the hiring giant has breached competition laws by terminating access to its API.
Atlantic Nickel has lost a challenge to further amendments to a case by failed suitor Mining Services International that alleges it lost the opportunity to purchase a Brazilian mine now valued at over $1 billion.
Real estate portal Domain has reached a settlement in a lawsuit by News Corp-owned REA Group that accused its rival of misleading conduct and infringing its copyright in property photos and floor plans.