Most Recent
ASIC did nothing about Dover’s client protection policy for over a year, court told
ASIC 2020-02-03 9:59 pm By Christine Caulfield

The Australian Securities and Investments Commission formed the view that Dover Financial’s “Orwellian” client protection policy was misleading in 2016 but did not raise its concerns with the now defunct firm until 2018, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Top 10 class action settlements of 2019
Adam Hochroth 2020-01-09 11:21 pm By Christine Caulfield

Companies and other defendants forked over big sums last year to settle more than 20 class actions, with a total of at least $734 million being paid out. Here are the top 10 class action settlements and the law firms and funders that negotiated them. 

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Dover can seek access to ASIC files in bid to prove ‘Orwellian’ client protection policy harmed no one
ASIC 2019-12-20 11:04 pm By Christine Caulfield

Defunct Dover Financial, which faces a penalty hearing next year after it was found to have misled customers with an inaptly titled ‘client protection policy’, can bring an application for evidence from the corporate regulator that the policy did not harm anyone.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge looks out for pensioners as NAB ‘junk’ insurance class action settlement approval delayed
Christopher Caleo 2019-12-03 2:37 pm By Miklos Bolza

A judge on Tuesday questioned how elderly group members struggling with the digital age can register in a ‘junk’ insurance class action against National Australia Bank, amid the postponement of hearing to approve the $49.5 million settlement reached in the case.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘Orwellian doublespeak’: Judge lashes Dover Financial’s client protection policy
ASIC 2019-11-22 11:10 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has won its case against defunct financial advisor Dover Financial and its former director, who famously collapsed during the banking royal commission, with a judge saying the company engaged in misleading and deceptive conduct through its inaptly titled ‘client protection policy’.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

NAB reaches $49.5M settlement in ‘junk’ insurance class action
Breaking News 2019-11-20 4:51 pm By Miklos Bolza

The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘Junk’ insurance class action to focus on whether NAB’s conduct was systemic
Chris Caleo 2019-10-04 4:41 pm By Miklos Bolza

The hearing for a class action against National Australia Bank over allegedly worthless credit card insurance will focus on  whether the bank’s allegedly unconscionable behaviour in selling these policies was systemic or confined to individual cases.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?