Please login to bookmark Close
A judge has indicated he will approve settlements totalling $2.7 million reached with disgraced senior barrister Norman O’Bryan and a cost consultant retained by the legal team behind the Banksia class action fraud.
Law firm investigating class action against Salt Lake Potash, auditor EY
Please login to bookmark Close
A law firm is probing a shareholder class action against former ASX-listed Salt Lake Potash and auditor EY, alleging the company failed to disclose material information about its financial position before entering receivership in late 2021.
$47M settlement in ANZ credit insurance class action reasonable, judge says
Please login to bookmark Close
A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks over ‘junk’ consumer credit insurance — was fair and reasonable, a judge has said.
Judge signals approval of class action settlement with Linchpin directors
Please login to bookmark Close
A settlement with directors in an investor class action brought over the collapse of advisory firm Linchpin Capital is in the interests of group members, a judge has said.
$4.9B ANZ, Suncorp tie-up clears a hurdle with $25M commitment to Queensland
Please login to bookmark Close
The Queensland government has signed off on ANZ’s proposed $4.9 billion merger with Suncorp’s banking arm, after the company agreed to remain headquartered in Brisbane as a dedicated insurance company.
Crown Melbourne fined $20M for tax failures
Please login to bookmark Close
Victoria’s gambling regulator has slapped Crown Melbourne with a $20 million penalty for failing to pay proper casino tax.
Repatriating Aussies detained in Syria ‘easy to do’, top judge told
Please login to bookmark Close
A human rights group has told the Federal Court it will file for habeas corpus in a bid to compel the federal government to bring home Australians stuck in Syrian detention camps, with eight women, all Australian citizens, and 18 children being held in Camp Roj in the country’s northeast.
Bid for security in Shine’s no win, no fee cruise class action may not be ‘hopeless’
Please login to bookmark Close
Shine Lawyers has been ordered to hand over its costs agreement with the lead applicant in a class action over norovirus outbreaks on Carnival’s Sun Princess cruise ship, amid a likely plan by the cruise operator to seek security for costs in the no win, no fee class action.
Judge mulls contradictor over ATE costs in super class action against Westpac
Please login to bookmark Close
A judge overseeing a superannuation class action against two Westpac units that settled for $30 million has flagged the possibility of appointing a contradictor to examine the litigation funder’s claimed cut of the settlement, which includes a deduction of over $1 million to cover the costs of after-the-event insurance.
Full Court won’t weigh in on ASIC’s power to seek penalties for Credit Code violations
Please login to bookmark Close
Sunshine Loans has lost its bid to have the Full Court weigh in on ASIC’s authority to seek penalties for Credit Code violations, in proceedings accusing the online lender of charging over $320,000 in prohibited fees.