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Superannuation funds Hesta and Prime Super have been pinged by the corporate regulator for allegedly greenwashing their investment portfolios.
Colonial First State, AIA settle class action for $140M
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Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.
Law firm client loses High Court case over interest on repaid fees
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The High Court has dismissed a case by a law firm client who claimed he was entitled under the law of restitution to $1.4 million in interest on a $900,000 sum his lawyers repaid in a fight about legal fees.
Judge questions ratcheted contingency fee in MinRes class action
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A judge has questioned the tiered structure of a group costs order sought by the law firm running a class action against Mineral Resources, but the firm argued Wednesday it would need the highest rate if a flat fee were ordered.
GrainCorp class action settlement off table, trial back on
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The parties in a class action against agricultural giant GrainCorp over alleged noise and odour pollution from a factory in rural Victoria have failed to seal the deal on a settlement reached last month.
Reddit, Kick to be included in kids social media ban
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The world-first ban on kids accessing social media will extend to online discussion platform Reddit and live-streaming service Kick, and more platforms could be added to the “dynamic” list, which is subject to review by the eSafety commissioner.
ASIC mulls appeal in conflicted remuneration case against ex-Freedom boss
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ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance’s former boss and another executive over a sales incentive scheme.
Villawood wants director’s daughters added to fraud suit over Wallan development
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Developer Villawood wants to add its director’s three daughters to its case over an alleged “dishonest and fraudulent design” to divert valuable management fees for a project in Wallan, Victoria to the director’s family company.
Lux Sydney development didn’t repudiate contract by installing wrong marble: court
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A woman has lost her lawsuit seeking to get out of an agreement to purchase an apartment ‘off the plan’ in a luxury development in Sydney’s harbourside suburb of Rushcutters Bay, after the wrong colour marble was installed in the kitchen.
Wood & Grieve can’t get more details from CPB in spat over Elizabeth Quay project
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Engineering firm Wood & Grieve has failed to convince a judge to compel CPB Contractors to provide it with further and better particulars in a dispute over work on Perth’s Elizabeth Quay redevelopment.