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Westpac life insurance class action stayed pending landmark appeal
Allens 2018-10-29 9:54 pm By Miklos Bolza Sydney
A class action against Westpac over allegedly excessive insurance premiums has been put on ice after funder JustKapital filed an application to stay the case in the wake of the bank's appeal challenging the court's power to make a common fund order.
VW must hand over docs on Dieselgate’s impact on car prices
Adam Hochroth 2018-10-26 12:00 pm By Cat Fredenburgh Melbourne
A Federal Court judge has ordered Volkswagen to produce documents related to its calculations on how its emissions cheating scandal could affect car prices.
Commonwealth Bank pans class action pleadings as ‘vague penumbra’
Class Actions 2018-08-24 4:32 pm By Miklos Bolza Sydney
The Commonwealth Bank of Australia is seeking to strike out portions of a shareholder class action over allegedly lax anti-money laundering and anti-terrorism financing controls it calls a "vague penumbra" that leaves the bank in the dark about the case against it.
Judge slams confidentiality clause in settlement of S&P class actions
Christopher Withers 2018-07-24 9:33 pm By Miklos Bolza Sydney
The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was "no way" he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.
VW can’t quash own expert’s dual-mode testimony
Bret Walker 2018-03-06 3:13 pm By Christine Caulfield Melbourne
Volkswagen lost its bid Tuesday to exclude evidence from its own expert witness it claims has gone off script, an early blow to the car maker in the massive trial alleging it installed dual-mode software in diesel vehicles to cheat on emissions tests.