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Clive Palmer and associated companies have been accused of unconscionable conduct and “moral obloquy” in a new $37.4 million class action by timeshare members of the billionaire’s now abandoned Palmer Coolum Resort.
Judge looks out for pensioners as NAB ‘junk’ insurance class action settlement approval delayed
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A judge on Tuesday questioned how elderly group members struggling with the digital age can register in a ‘junk’ insurance class action against National Australia Bank, amid the postponement of hearing to approve the $49.5 million settlement reached in the case.
Settlement approval in second Murray Goulburn class action could be ‘messier’, judge says
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A judge has rejected a proposal to jointly hear argument for approval of settlements in two class actions against milk supplier Murray Goulburn, saying the issues in one case — led by the legal team under scrutiny for alleged professional misconduct in a separate class action — could be more complicated.
All eyes on High Court as ruling on common fund orders looms
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The High Court is poised this week to issue its judgment in a case challenging the validity of common fund orders in class actions, a ruling that could see litigation funding commission rates creep back up after hitting record lows.
APRA ‘actively considering’ next steps against Westpac in wake of AUSTRAC lawsuit
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APRA’s chairman has told Parliament that the regulator is “actively considering” what action it should take against Westpac in light of recent allegations by AUSTRAC that the bank breached anti-money laundering laws on 23 million occasions.
Funder to earn up to $130M from Queensland floods class action
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Funder IMF Bentham expects to bring in up to $130 million in income for backing the Queensland floods class action, after a judge ruled last week that the operator of two dams as well as the state government were responsible for the severity of the flooding that hit Southeast Queensland in 2011.
Court finds Atlas liquidators entitled to view Ashurst advice
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The liquidators of Atlas Construction have won access to advice supplied by law firm Ashurst as they pursue examination proceedings against two of the company’s former directors.
Class action says Woolworths owes $620M in underpayments
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Woolworths is facing a class action alleging it underpaid workers to the tune of $620 million, more than double what the supermarket giant estimated when it disclosed the underpayments scandal last month.
Sydney lawyer on the hook for ‘actively concealing’ Peter Foster’s sports betting scam
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Investors who sank $12.3 million into a fraudulent sports betting scheme run by convicted conman Peter Foster lost money because a Sydney lawyer failed to come forward with the truth, a judge has found.
Bendigo and Adelaide Bank appeals loss of 20-year-old trade mark
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Arguing the court was wrong to rule that its trade mark was not inherently distinctive, Bendigo and Adelaide Bank is challenging a judgment that revoked its 20-year-old mark for ‘Community Bank’.