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Judge OKs $1.6M settlement in Romeo’s class actions but slashes law firm’s share
A judge has signed off on a $1.55 million settlement to resolve two underpayments class actions against supermarket chain Romeo’s, but has reduced the pay out to the law firm running the cases by 25 per cent, saying the firm had "no legal entitlement" to the fees.
Dixon Advisory hit with $7.2M penalty in ASIC case
A judge has signed off on a $7.2 million penalty against Dixon Advisory after the company admitted to ASIC allegations that its advisors failed to act in its clients' best interests by recommending they invest in a risky US-based real estate investment fund.
Vero Insurance to argue owners suffered no property damage in cladding class action
Insurer for cladding manufacturer Fairview Architectural, Vero Insurance, will argue a $190 million policy does not cover claims in a class action alleging combustible cladding caused losses for property owners, a court has heard.
Westpac slams ‘disorderly’ shareholder class action over AUSTRAC disclosures
Westpac has criticized the lead applicant in a class action filed in the wake of AUSTRAC proceedings for the "disorderly" conduct of the lagging proceedings, with discovery yet to be finalized as the case nears its third anniversary.
Class action numbers hit four-year low, but securities cases rise: report
The past financial year saw 54 class actions filed in Australia -- the lowest number since 2017/2018, a new report shows.
Class action probe targets Aussie Home Loans over ‘worthless’ policies
Aussie Home Loans is facing a class action investigation for allegedly selling “essentially worthless” policies to homeowners.
Box Hill Institute settles class action with students over aviation course
Vocational education provider Box Hill Institute has reached an in-principle settlement in a class action by disgruntled students who allege the licences they obtained through the institute did not provide them with the requisite knowledge or training to obtain a commercial pilot's licence.
Star engaged in ‘inherently deceptive’ practices, unsuitable to hold casino licence: report
The NSW gaming regulator has found Star Entertainment is unfit to hold a casino licence and has threatened disciplinary action after uncovering anti-money laundering breaches and “inherently deceptive” misconduct.
Aveo class action members facing novel funding order protected by court, judge says
A judge has approved an opt-out notice in a class action against retirement home provider Aveo Group that advises of a proposed application for a controversial funding order that would put a lien on some group members homes.
J&J, Ethicon to pay record $300M settlement in pelvic mesh class actions
Johnson & Johnson Medical and unit Ethicon have agreed to pay $300 million to settle two class actions brought by Shine Lawyers on behalf of Australian women implanted with pelvic mesh and tape devices.