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The corporate watchdog has warned “robust” enforcement action is on the cards for banks and lenders, after a review found consumer credit insurance policies to be "extremely poor value for money", paying out as little as 11 cents per dollar spent in premiums on average.
A subsidiary of US mining giant Cleveland-Cliffs has won a fight to keep its counterclaim against a contractor alive in a dispute over the Koolyanobbing iron ore mine in Western Australia.
Allianz and a number of other insurers of Dick Smith are now facing a class action over the extent of coverage under an insurance policy for the collapsed electronics retailer's initial public offering.
The Australian Competition and Consumer Commission has lost a consumer case against Woolworths, with the Federal Court finding the supermarket giant's environmental claims for its line of disposable plates, bowls and cutlery were accurate, not false and misleading.
Lawyers for Radio Rentals are trying to take back hundreds of potentially privileged documents in a consumer class action over the company's ‘Rent, Try, $1 Buy’ program, after they were accidentally disclosed as a result of an IT redaction error.
ANZ Bank will not pay a cent to franchisees in its settlement of two class actions that allege the bank breached its responsible lending obligations and engaged in unconscionable conduct by giving loans to purchasers of 7-Eleven franchises.
Group members in a class action against Johnson & Johnson unit DePuy International over allegedly defective hip implants are on track to receive 100 per cent of their claims as the $250 million settlement continues to be distributed, a court has heard.
The Commonwealth of Australia is preparing a special leave application to the High Court challenging a NSW Court of Appeal decision reviving a class action brought on behalf of sailors over an allegedly broken Navy training promise.
The Kingdom of Spain is contesting attempts to enforce two arbitration awards worth $392 million in the Federal Court, claiming sovereign immunity as it attempts to shut the proceedings down.
A judge has granted a bid by the applicant in a class action against National Australia Bank over the sale of allegedly worthless credit card insurance to include customers who took out personal loan insurance, in a ruling that could significantly expand the case.