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CBA unit faces MySuper class action over delayed $3.2B funds transfer
Class Actions October 17, 2019 1:03 pm By Amelia Birnie

Commonwealth Bank subsidiary Colonial First State and former director Linda Elkins face a class action alleging the wealth management group breached its superannuation trustee duties […]

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Judge rejects $42M Murray Goulburn class action settlement, says funder’s cut too high
Class Actions October 16, 2019 2:07 pm By Christine Caulfield

A judge has refused to sign off on a $42 million settlement of a class action against dairy giant Murray Goulburn, saying the commission sought by the funder appeared out of proportion to the risk and above the going rate.

Judge ‘outraged’ by terms of ACCC’s $75M dieselgate settlement with VW
Competition & Consumer Protection October 16, 2019 8:41 pm By Amelia Birnie

A judge is considering whether he can increase a record $75 million civil penalty settlement reached by Volkswagen and the ACCC over the dieselgate scandal, after saying the people of Australia would be “upset” if they knew about some of the “outrageous” terms to which the consumer watchdog had agreed.

Iluka class action doesn’t need cash to put up security, judge says
Class Actions October 16, 2019 11:00 pm By Cat Fredenburgh

The applicant in a shareholder class action against Iluka Resources can put up security for the company’s legal costs by way of two insurance deeds […]

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Surfstitch agrees to settle shareholder class actions, again
Class Actions October 15, 2019 3:40 pm By Cat Fredenburgh

Online fashion retailer Surfstitch has reached an in-principle settlement in two shareholder class actions, about nine months after an initial agreement to resolve the dispute […]

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ANZ says ASIC overreaching in case over ‘periodical payment’ fees
Financial Services October 15, 2019 9:17 pm By Miklos Bolza

ANZ has rejected allegations by the financial regulator that $35 million in fees charged to customers for periodical payments between accounts was unlawful, saying the […]

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Corrs retained by AMP financial planners to weigh class action
Financial Services October 15, 2019 10:44 pm By Christine Caulfield

Corrs Chambers Westgarth has been retained by the AMP Financial Planners Association to weigh a possible class action against the wealth manager over its plan […]

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Dick Smith cases to be heard together, after insurance class action plaintiffs drop discontinuance bid
Class Actions October 15, 2019 11:20 pm By Amelia Birnie

A judge has ordered all proceedings against Dick Smith to be heard concurrently during a marathon three month trial, after the plaintiffs in a shareholder […]

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‘Only briefed yesterday’: Arnold Bloch Leibler barrister raises ire in class action
Class Actions October 11, 2019 9:53 pm By Christine Caulfield

Counsel for a class action against Arnold Bloch Leibler alleging negligence over advice to Slater & Gordon has criticised the law firm’s barrister for seeking […]

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With Full Court still out, judge vacates trial date in Vocation class action
Class Actions October 11, 2019 10:52 pm By Christine Caulfield

Awaiting a Full Court ruling in a case involving similar claims of privilege against self-incrimination by partners at another accounting giant, the judge in a […]

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