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Judge takes ax to $5.7M bill by liquidators of SK Foods units
A court has taken an ax to the final bill by liquidators of three failed subsidiaries of multi-national agribusiness SK Foods Group, lopping off 30 per cent after a successful intervention by the corporate regulator, which called the more than $5.7 million claimed by the liquidators excessive.
$1.1M settlement in Quaker Hill Nursing Home class action wins court approval
A court has given the green light to a $1.1 million class action settlement with the owners of Sydney's Quakers Hill Nursing Home over a fire deliberately lit by one of its employees in 2011.
Commonwealth planning High Court appeal of Navy class action revival
The Commonwealth of Australia is preparing a special leave application to the High Court challenging a NSW Court of Appeal decision reviving a class action brought on behalf of sailors over an allegedly broken Navy training promise.
Spain to claim sovereign immunity in suit over $392M arbitration award
The Kingdom of Spain is contesting attempts to enforce two arbitration awards worth $392 million in the Federal Court, claiming sovereign immunity as it attempts to shut the proceedings down.
Judge allows expanded insurance class action against NAB
A judge has granted a bid by the applicant in a class action against National Australia Bank over the sale of allegedly worthless credit card insurance to include customers who took out personal loan insurance, in a ruling that could significantly expand the case.
ANZ says 7-Eleven class action bid to restrict communications leaves bank ‘in limbo’
An attempt by applicants in two franchisee class actions against 7-Eleven to limit communications between the convenience store giant and group members ahead of a hearing to approve a confidential settlement with ANZ, the bank that loaned money to the franchisees, unfairly delays approval of the settlement until next year, a court has heard.
Court approves $14.6M settlement in Ashley Services class action
The Federal Court has approved a $14.6 million class action settlement with private training company Ashley Services, auditors Deloitte and Grant Thornton, and Holmes Management Group, with IMF Bentham set to pocket around $4.8 million for funding the litigation.
ASIC narrowly loses High Court appeal in outback book-up case
The Australian Securities and Investments Commission has narrowly lost its High Court appeal of a ruling that found the owner of a South Australian outback general store had not acted unconscionably by selling used cars through a "book-up" system.
Westpac settles class action over alleged Ponzi scheme
Banking giant Westpac has settled an investor class action brought by Levitt Robinson for its alleged role in an unregistered managed investment scheme.
Bannister Law founder facing subpoena in NSW ambulance privacy class action
A class action against the NSW government over a contractor who sold the personal details of 130 ambulance workers to personal injury law firms has flagged it may subpoena the founder and principal of Bannister Law, which purchased the confidential information.