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Westpac unit BankSA is in talks to resolve a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra.
ACCC says LG should pay $700,000 for misleading customers about repair rights
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Electronics giant LG should pay a $700,000 fine for twice breaching the Australian Consumer Law when its offshore call centre workers misled customers complaining about faulty television sets that they had no rights to a repair, replacement or refund under the law, a court has been told.
Combustible cladding class action has prima facie case against manufacturer, judge says
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A judge has allowed the applicant in a class action over allegedly dangerous combustible cladding to sue a German-based cladding manufacturer, saying there was a prima facie case the company violated the Australian Consumer Law.
Shine Lawyers settles shareholder class action
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Publicly-traded law firm Shine Lawyers has reached a confidential agreement to settle a class action alleging it misled shareholders about the value of ongoing business activities, the first ever settlement of a class action in Queensland.
Class action by sailors over broken Navy training contract revived on appeal
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An appeals court has overturned a decision dismissing a class action on behalf of enlisted Navy sailors alleging the Commonwealth of Australian breached a contract to train them to earn engineering degrees.
Vodafone, TPG merger would have ‘profound social consequences’, ACCC tells court
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Allowing Vodafone’s proposed $15 billion merger with TPG to go ahead if there were a real chance that TPG could seriously compete in the market for mobile services would have “profound social consequences,” the competition watchdog told the Federal Court Friday as it unsuccessfully sought to push back a hearing over the deal.
ASIC wins case against Vocation, former execs after 15-month wait for judgment
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In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous disclosure obligations by failing to inform shareholders of problems with a large government contract.
Judge hits funder-backed Appco class action with costs despite ‘no costs’ rule
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A judge has hit the applicant in a sham contraction class action against Appco with costs for forcing the company to file a defence to a superseded pleading, saying the usual “no costs” rule in Fair Work cases had less force in actions backed by third party litigation funders.
‘Diamond Joe’ Gutnick’s company ordered to pay debts or face winding up
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An appeals court has ordered a phosphate mining company owned by mining magnate Joseph Gutnik to pay back more than $225,000 owed to the Queensland state government or face immediate liquidation, accusing the company of showing a “cavalier attitude” towards earlier orders made by the court.
Judge tosses class action over Rudd Government’s home insulation subsidy program
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The government has won a victory following a lengthy trial in a class action brought on behalf of businesses alleging they were harmed when the Rudd Government cancelled a program that subsidised home insulation installations during the economic downturn.