Please login to bookmark Close
AMP, Commonwealth Bank and Westpac are facing potential class actions over commissions grandfathered by the FoFA reforms and the firms alleged failure to protect client interests.
Foxtel, Optus contractor criticises ‘opportunistic’ new sham contracting class action
Please login to bookmark Close
Communications and technical services company BSA Limited has slammed as “opportunistic” an employment class action by allegedly underpaid technicians, saying the media was informed of the proceedings before it was.
Mayne Pharma faces potential class action over US antitrust case
Please login to bookmark Close
ASX-listed generic drug maker Mayne Pharma is facing a possible shareholder class action over disclosures related to US price-fixing allegations against the ASX-listed company.
HealthEngine urges approval of $2.9M fine, says it didn’t know altering reviews was unlawful
Please login to bookmark Close
Health booking company HealthEngine has urged the court to accept a $2.9 million penalty for deleting and altering unfavourable reviews, telling a judge that it did not know the behaviour was against the law.
High Court won’t hear appeal by ex-Storm Financial directors
Please login to bookmark Close
The High Court has denied a special leave application by the former directors of defunct financial advisory Storm Financial, after the Full Federal Court upheld a ruling finding they had breached their duties to eleven vulnerable investors by providing an inappropriate, one-size-fits-all model of investment advice.
Judge slams parties in ANZ class action for ‘putting their pens down’
Please login to bookmark Close
A judge has accused the parties in a class action against ANZ over the sale of allegedly worthless insurance of “putting their pens down” and failing to advance the case until a strike out application is resolved.
Opal Tower insurance stoush needs to be resolved for class action defence, court hears
Please login to bookmark Close
The prefab concrete specialist behind Sydney’s Opal Tower, which has been targeted in a class action over the ill-fated building, has told a court that a dispute with its insurer should be resolved promptly so that it can defend itself in the proceedings.
Fonterra may bring counter-claims in class action over milk prices
Please login to bookmark Close
Fonterra could bring counter-claims against dairy farmers that brought a class action alleging they were unpaid when the company slashed milk prices in 2016, a court has heard, after debt recovery proceedings by Fonterra against the lead applicants were joined with the class action.
ASIC spent $1.8M on failed Westpac responsible lending case
Please login to bookmark Close
The Australian Securities and Investments Commission spent over $1.8 million in taxpayer funds investigating and prosecuting its now failed responsible lending case against Westpac.
Unique legal carve out could see NAB class action moved to Federal Court
Please login to bookmark Close
The lead applicant in a class action against two National Australia Bank units for alleged superannuation mismanagement wants the proceedings moved to the Federal Court over concerns the matter cannot run in the Victorian Supreme Court due to a unique statutory carve out.