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Competing class actions filed against Coles, Woolworth over ‘illusory’ disounts
A second law firm has lodged class actions against Coles and Woolworths on the back of the consumer regulator's claims that the supermarket giants' discount campaigns were misleading.
NAB super fund trustee says failed class action rejected $25M offer
Former NAB superannuation fund trustee NULIS is seeking the first ever award of indemnity costs in a class action that flopped following the rejection of a settlement offer.
Construction PRO
Lendlease abandons $10M land claim in fight with Macarthur-Onslow family
Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.
AGL appeals $25M penalty for overcharging welfare recipients
Energy company AGL is fighting a $25 million penalty imposed by a court for continuing to deduct payments from hundreds of welfare recipients after their accounts were closed.
Construction PRO
Judge allows tweaks in case against CBA, Westpac over financing for Perth development
A guarantor of developer Westgem Investments can amend her claim against Westpac and the Commonwealth Bank related to the financing for a commercial development in Perth’s Raine Square.
Construction PRO
Court rules against Citylink in toll dispute with Eastlink operator
CityLink operator CML has been overcharging Eastlink operator ConnectEast for ‘roaming fees’ in an arrangement that allows customers to use one account over both toll roads, a court has found.
Non-bank lender Firstmac hit with $8M penalty for DDO breaches
The Federal Court has slapped non-bank lender Firstmac with an $8 million penalty, the second doled out in ASIC proceedings for violations of the new design and distribution obligations.
Judge rejects ‘hopeless’ appeal over Latitude Financial data breach
A self-represented customer of Latitude Financial has lost his bid to challenge a decision throwing out his data breach lawsuit against the non-bank lender after he defaulted on court orders.
‘What’s done is done’: Judge defers penalty hearing in Harvey Norman case
A judge has deferred the question of what penalties Harvey Norman and Latitude Finance should face in a case by ASIC until their appeals are heard, noting the “regrettable” fragmentation of the case.