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Dead or broke, the class action lawyers who schemed to defraud investors in failed Banksia Securities should not escape a $21 million judgment for damages and costs, a court has heard.
Lawyer reprimanded for using firm letterhead to threaten suit on boyfriend’s behalf
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A solicitor of a national law firm has been reprimanded after falsely representing that the firm acted for her partner in a property dispute over $1,000.
Light rail class action plaintiffs want NSW on hook for litigation funder’s cut
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Businesses bringing a class action over Sydney’s $3 billion light rail project are pursuing a bold new claim that the NSW government pay not only for damages related to their nuisance claims, but for the 40 percent commission the litigation’s funder wants from a post-trial judgment.
A ‘sorry history’ of non-compliance: Judge tosses underpayments class action
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A judge has thrown out an underpayments class action against NSW not-for-profit Life Without Borders for failure to advance the case with due diligence and slapped the lead applicant with costs for his “unreasonable” acts during the course of the proceeding.
Romeo’s class action members won’t get paid by Christmas after ‘tense’ exchange with judge
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A judge overseeing two underpayment class actions against supermarket chain Romeo’s has declined to vary a settlement agreement to provide for distribution by Christmas, saying plaintiff firm Adero Law had not taken “all reasonable steps” to facilitate the payments.
Banks reach $126M settlement in consumer credit insurance class actions
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Three of the Big Four banks have agreed to pay a total of $126 million to settle class actions on behalf of up to one million customers who were sold consumer credit insurance.
Class action expected against WA over Banksia Hill detention centre
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Law firm Levitt Robinson is poised to bring a class action against the Western Australia government on behalf of detainees in the state’s Banksia Hill detention centre as reports of excessive use of force and restraints emerge.
CBA’s former boss Ian Narev grilled over internal audits 4 years before AUSTRAC action
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The former chief executive of Commonwealth Bank has told a court internal auditors raised issues with CBA’s anti-money laundering and counter-terrorism financing compliance four years before AUSTRAC took action that saw the bank’s share price plummet.
Class action firms circle Medibank over cyberattack
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Medibank is facing another class action investigation over a massive data breach that left the personal information of almost 10 million customers exposed, just days after criminals began publishing sensitive customer health data.
CBA to face penalty for underpaying staff $16.4M
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The Commonwealth Bank of Australia and unit CommSec have reached an agreement with the Fair Work Ombudsman on liability in enforcement action alleging they knowingly underpaid almost 7,500 employees over $16.4 million.