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Thorn looks to raise $38.7M to cover class action settlement
Class Actions 2019-09-16 9:39 pm By Cat Fredenburgh

Thorn Group is seeking to raise $38.7 million to cover its share of a $29 million settlement in a consumer class action alleging its Radio Rentals unit pushed misleading ‘Rent, Try, $1 Buy’ leases onto vulnerable customers.

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$29M Radio Rentals settlement clears hurdle after ex-CEO cries prejudice
Class Actions 2019-09-04 10:13 pm By Miklos Bolza

The $29 million settlement in the Radio Rentals ‘Rent, Try, $1 Buy’ class action is back on track after concerns by former CEO James Marshall about uncertainty in the deed of settlement were resolved.

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Radio Rentals, AIG to pay $29M to settle ‘Rent, Try, Buy’ class action
Class Actions 2019-09-03 10:43 am By Christine Caulfield

Radio Rentals and its insurer, AIG, have reached a $29 million settlement in a consumer class action alleging the company pushed misleading ‘Rent, Try, $1 Buy’ leases onto vulnerable customers.

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Radio Rentals, AIG ‘very close’ to settling consumer class action, court hears
Class Actions 2019-09-02 9:29 pm By Miklos Bolza

A consumer class action against Radio Rentals over its ‘Rent, Try, $1 Buy’ scheme is “very close” to settling, a court heard Monday, with just a few more days required to negotiate a final agreement.

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Security ordered in light rail class action amid $2.26M Lander & Rogers discovery bill
Class Actions 2019-08-23 4:56 pm By Miklos Bolza

The NSW Supreme Court has ordered the lead plaintiff in a class action over the Sydney light rail construction project to pay $1.25 million in security for costs to Transport for NSW ahead of discovery, which is expected to cost $2.26 million.

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Radio Rentals applicants fear prejudice if settlement talks break down
Class Actions 2019-08-22 3:45 pm By Amelia Birnie

The applicants in the Radio Rentals “Rent, Try $1 Buy” class action have flagged the potential for prejudice caused by the respondents’ late evidence, with concerns about their capacity to be ready by the looming trial date if ongoing settlement negotiations hit a dead-end.

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$6M Bank of Queensland class action settlement one claim under insurance policy, appeals court says
Insurance 2019-08-06 9:19 pm By Miklos Bolza

An appeals court has found insurers AIG Australia and Catlin Australia have to cover part of a $6 million settlement agreed to by Bank of Queensland last year in a class action brought by investors in a multimillion dollar Ponzi scheme by jailed fraudster Bradley Sherwin.

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Radio Rentals class can peek at excess insurance, as court hears claim may exceed $100M
Class Actions 2019-08-02 9:34 pm By Amelia Birnie

The applicants in the Radio Rentals class action have won access to the company’s excess layer insurance policies, amid concerns that group members’ losses from the allegedly misleading ‘Rent, Try, $1 Buy’ program could surpass $100 million.

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Icon sues insurers for $11M in coverage for Opal Tower saga
Insurance 2019-07-30 7:16 pm By Miklos Bolza

Construction group Icon Co has dragged insurers Liberty Mutual Insurance and QBE Underwriting to court for allegedly refusing to provide coverage after the Opal Tower disaster in December last year, which led to thousands of residents being evacuated.

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Radio Rentals class action looking for admissions in AIG insurance claim docs
Class Actions 2019-07-24 1:16 pm By Miklos Bolza

The lead applicant in a class action against Radio Rentals wants access to correspondence relating to the appliance leasing company’s insurance coverage with AIG Australia, saying the documents might contain admissions relevant to its case over the company’s allegedly misleading ‘Rent, Try, $1 Buy’ program.

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