Bank of Queensland loses fight with insurer over $6M class action settlement

Class Actions 2018-11-07 10:22 pm By Cat Fredenburgh | Melbourne

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Bank of Queensland has lost a dispute with two insurers over coverage for a $6 million settlement of a class action brought by investors in a Ponzi scheme by jailed scammer Bradley Sherwin, with a judge shooting down the bank’s argument that the class action should only be considered one claim under the policy.

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