Judge OKs Colonial’s $140M settlement but chops funder’s cut

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A judge has declined a funder’s bid for a $43 million payout in a class action accusing Colonial First State of charging excessive premiums, saying it was entitled to a 27.5 per cent commission but not $4.5 million for after-the-event insurance. 

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Court OKs $37M settlement in EML shareholder class action

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A judge has approved a $37.35 million settlement in a class action alleging fintech EML Payments failed to promptly disclose anti-money laundering and counter terrorism compliance concerns.

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Bupa says aged care claims ‘not appropriate’ for class action

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Bupa has hit back at a class action alleging it provided poor quality care to residents at its aged care facilities, saying it was “not appropriate” to run the case as a group proceeding. 

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Court signs off on Macquarie Park subdivision for data centre

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Developer Holdmark has won an appeal of a council’s refusal to allow a site at Macquarie Park in Sydney to be subdivided, paving the way for the development of a new Macquarie Technology data centre.

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Whistleblower claims KPMG misused confidential Lendlease info for audit tenders

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A former KPMG executive has accused the firm of misappropriating confidential Lendlease board papers to pursue audit tenders with Westpac and Dexus, while also engaging in adverse action against a whistleblower. 

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