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Commonwealth Bank, Westpac’s BT face potential class actions over insurance ‘rort’
Class Actions 2020-07-31 4:16 pm By Miklos Bolza Sydney
Shine Lawyers is investigating two new class actions against Commonwealth Bank of Australia and Westpac's BT Funds Management over allegedly excessive insurance premiums, a week after filing a similar case against AMP's life insurance arm.
Treasurer met with affiliate of US lobby group on eve of new class action regulations, inquiry told
Class Actions 2020-07-27 8:35 pm By Alison Eveleigh Sydney
There is an “embarrassing” foreign influence on Australian laws, a plaintiff law firm has told a parliamentary inquiry into class actions, after revealing that Treasurer Josh Frydenberg met with an affiliate of the US Chamber of Commerce in May, shortly before announcing a crackdown on litigation funders.
AMP’s life insurance arm hit with class action over ‘inflated’ insurance policies
Class Actions 2020-07-24 9:08 pm By Christine Caulfield Melbourne
AMP Life has been hit with a class action alleging its financial representatives pushed inflated insurance policies onto 100,000 customers while knowing that better policies could be found through other providers.
Ruby Princess passengers file class action over coronavirus outbreak
Class Actions 2020-07-24 10:37 am By Christine Caulfield Melbourne
Shine Lawyers has brought a class action in the Federal Court against cruise operators Carnival and Princess Cruise Lines over their handling of a deadly coronavirus outbreak aboard the Ruby Princess cruise ship that is linked to at least 20 deaths.
IOOF admits head of research had underlings take his compliance training
Class Actions 2020-07-20 6:09 pm By Christine Caulfield Melbourne
IOOF has admitted that some allegations in an employee complaint at the centre of a shareholder class action were "substantially true", including claims that it overstated the performance of its 'Buy Model' investment portfolio and that its head of research instructed subordinates to complete his training courses for him.
Westpac hit with class action over banned car loan scheme
Class Actions 2020-07-16 10:35 pm By Cat Fredenburgh Melbourne
Westpac has been hit with a class action over a "shonky" car loan scheme, in what is the first class to be filed in Victoria Supreme Court following passage of a state law allowing lawyers to earn contingency fees.
‘Horrendous class action journey’: BoQ case should be focus of inquiry, group members say
Class Actions 2020-07-15 11:23 pm By Miklos Bolza Sydney
Elderly victims of Ponzi schemer Bradley Sherwin have told the government's class action inquiry of their "horrendous class action journey", which led to a "pathetic outcome" in which the majority of a $12 million settlement with the Bank of Queensland went to the law firm and funder behind the case.
Westpac faces class action over car loan ‘rort’
Class Actions 2020-07-14 7:59 pm By Alison Eveleigh Sydney
Westpac is facing a class action over an allegedly dishonest car loan scheme that was eventually banned by the corporate regulator.
Westpac’s call for update on class action funding shot down by judge
Financial Services 2020-07-10 5:13 pm By Miklos Bolza Sydney
A judge on Friday dismissed Westpac's bid for an update from litigation funder JustKapital as to whether it continues to financially back a class action against the bank over allegedly excessive insurance premiums.
Costs orders should be the exception in funded Fair Work cases, judge says
Employment 2020-07-09 11:01 pm By Alison Eveleigh Sydney
The parties in a ‘sham’ contracting class action brought on behalf of telecommunications workers have both lost bids to recover interlocutory costs, with a judge noting that costs orders against funded litigants should be the exception rather than the rule in Fair Work litigation.
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