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In second securities class action failure in two days, IOOF shareholders lose out
A judge has dismissed a securities class action against Insignia Financial, formerly known as IOOF, in the second judgement in two days to find no loss to shareholders.
Fitbit hit with $11M penalty for misleading customers about refunds
Google's Fitbit has been ordered to pay $11 million for misleading statements about customers' rights to refunds or replacements for faulty devices.
Medibank says allowing OAIC class action-style case could hurt public’s view of court
Medibank has asked a judge to put the kibosh on class action-style proceedings filed with the OAIC, arguing findings inconsistent with those in a class action over its October 2022 data breach could do damage to the public's view of the court.
RACQ to pay $10M for misleading customers about insurance discounts
RACQ Insurance has agreed to pay a $10 million penalty for misleading customers about their entitlements to discounts on certain insurance products.
AMP to pay $100M to settle BOLR class action
AMP has agreed to pay $100 million to settle a class action by financial advisers over its buyer of last resort policy, after suffering a loss at trial.
United class action wants to add commission agents, join parent company
A franchise class action against United Petroleum has asked a court for leave to expand the class action to include a group of commission agents and to add the oil company's parent as a third defendant.
High Court asked to take up judicial immunity appeal
The state of Queensland has urged the High Court to step in after a Federal Circuit and Family Court judge was held personally liable for a man's false imprisonment.
‘Very disappointing’: Judge bemoans delays in QSuper class action
A judge has reluctantly granted extensions in a class action over QSuper’s alleged failure to notify members of changes to its premiums, saying the delay in the two-year old case was "very disappointing".
High Court won’t weigh in on spat between Probuild, Allianz over development bonds
Probuild Constructions has failed in its special leave application to the High Court, which sought to challenge a ruling that it held $7.7 million in trust for insurer Allianz under a deed of indemnity in connection with the development of West Side Place in Spencer St, Melbourne.
Combustible cladding class action wins ‘fresh start’ with new mediator
A judge has granted a bid for a new mediator in a class action over allegedly combustible cladding, agreeing with the applicant that a "fresh start" may be beneficial.