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OAIC to investigate group proceeding against Medibank
Privacy & Cybersecurity 2023-05-12 9:45 am By Christine Caulfield

The Office of the Australian Information Commissioner will proceed with an investigation of a class action-style complaint brought by Maurice Blackburn over Medibank’s data breach.

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Australian Mines ex-director hit with $70,000 penalty for conference representations
Energy & Natural Resources 2023-05-12 11:57 pm By Cat Fredenburgh

A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.

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Insurance Australia agrees to $40M penalty in ‘very serious’ case over unpaid discounts
Insurance 2023-05-11 4:57 pm By Cindy Cameronne

Insurance Australia has agreed to pay a $40 million penalty in a case by the Australian Securities and Investments Commission alleging it short-changed NRMA customers a staggering $60 million in promised loyalty discounts. 

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High Court challenge could clarify scope of reliance damages
Contracts 2023-05-11 5:30 pm By Sam Matthews

A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.

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7-Eleven class action judge OKs $2.25M in costs of settlement approval argument
Class Actions 2023-05-11 3:04 pm By Cindy Cameronne

A judge overseeing two 7-Eleven class actions has signed off on $2.25 million in costs incurred by the funder and lawyers in their pitched battle to win approval for the terms of a $98 million settlement, which included deductions of more than $44 million to cover commission and fees.

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Veolia wins discovery for potential case against EnergyAustralia
Energy & Natural Resources 2023-05-11 11:05 pm By Christine Caulfield

Water services company Veolia Water Australia has won its bid for EnergyAustralia and two mining companies to hand over information about the quality of mine water they send for treatment, with a judge finding it could be “materially worse” than promised.  In a judgment handed down on Wednesday, Federal Court Justice Scott Goodman ordered EnergyAustralia…

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Art school resolves former dean’s dismissal-by-Instagram case
Employment 2023-05-11 4:32 pm By Christine Caulfield

The former dean of a Melbourne art school has resolved her case alleging she was unfairly sacked via Instagram direct message while on annual leave.

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Lenders of collapsed Arrium lose appeal over directors’ loan drawdowns
Financial Services 2023-05-10 12:23 pm By Sam Matthews

Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook for alleged misleading representations on loan drawdown notices ahead of its $2.8 billion collapse.

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IG Markets hit with class action over risky CFDs
Class Actions 2023-05-10 11:50 pm By Cat Fredenburgh

IG Markets has been hit with a class action on behalf of up to 20,000 everyday investors who have allegedly lost hundreds of millions of dollars trading in risky financial products known as contracts for difference, or CFDs.

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Class action filed against Carnival over P&O ‘cruise from hell’
Class Actions 2023-05-10 1:03 pm By Christine Caulfield

Cruise operator Carnival is facing a third class action in Australia, this time on behalf of passengers aboard P&O’s Pacific Aria, which sailed from Brisbane into the path of a Category 5 cyclone six years ago.

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