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Westpac responds to class action, says members benefited from ‘high’ super fees
Class Actions 2019-11-26 2:47 pm By Miklos Bolza

Two Westpac units have defended their choice to charge higher superannuation fees, saying in their responses to a Slater and Gordon class action that customers […]

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NAB reaches $49.5M settlement in ‘junk’ insurance class action
Class Actions 2019-11-20 4:51 pm By Miklos Bolza

The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance. The […]

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Funder won’t fight court’s power to vary class action commission
Class Actions 2019-11-15 10:32 pm By Christine Caulfield

Whether judges can alter the terms of litigation funding agreements in class actions is a question that will remain unsettled for now, after litigation funder […]

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NAB says ‘significant’ penalties loom over money laundering breaches
Financial Services 2019-11-15 3:58 pm By Miklos Bolza

The National Australia Bank faces the prospect of “significant monetary penalties” after self-reporting a potentially large number of money laundering and counter terrorism financing breaches […]

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Vocation class action lumbers on with pared claims
Class Actions 2019-11-11 4:02 pm By Cat Fredenburgh

Certain claims in a shareholder class action against insolvent training company Vocation and auditor PricewaterhouseCoopers have been dropped, as the long-running case awaits a new […]

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Time may be ripe for discrimination class actions in Australia
Expert Insights 2019-11-05 10:48 pm By

It has been suggested by American and Canadian lawyers that Australia is dragging its feet in using its group litigation and class action regimes to […]

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Staffing company faces $45M worker misclassification class action
Class Actions 2019-11-05 10:07 pm By Cat Fredenburgh

A unit of staffing company Programmed has become the latest target of a litigation blitz over casual workers, with the company facing a $45 million […]

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ASIC wins admissions from NAB in $100M fees for no service case
ASIC 2019-11-04 1:30 pm By Cat Fredenburgh

A hearing scheduled for next year in the Australian Securities and Investments Commission’s case against two NAB wealth management units will focus solely on how […]

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Funder to fight for Murray Goulburn class action commission, as milk supplier settles second case
Class Actions 2019-11-01 9:48 pm By Christine Caulfield

Murray Goulburn has agreed to pay $37.5 million to resolve the second of two shareholder class actions over its 2016 profit forecasts, as the $42 […]

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Watchstone to pay $20.7M to settle with Slater & Gordon UK over $1.2B acquisition
Corporate 2019-10-22 11:24 pm By Cat Fredenburgh

Slater & Gordon UK has agreed to a $20.7 million settlement of its claims against Watchstone Group, after seeking more than $1 billion from the […]

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