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Judge slams rejigged opt out notice, funder’s ‘contrivance’ in Suncorp class action
Arnold Bloch Leibler 2020-08-13 4:58 pm By Miklos Bolza Sydney
A judge has criticised a revised opt out notice in a class action against Suncorp over allegedly conflicted remuneration and again slammed the funder backing the case for sending a "disturbing" letter to group members contrived to achieve a commercial advantage.
VW rightly hit with $125M fine after ‘starving’ judge of evidence, court told
ACCC 2020-08-12 9:50 pm By Miklos Bolza Sydney
An appeals court has been urged to uphold a judge's $125 million penalty against Volkswagen in the ACCC's case over the car maker's emissions cheating, with a court-appointed contradictor saying the judge was "starved" of the information he required to assess whether a $75 million agreement brokered by the consumer watchdog was reasonable.
Coverforce shareholder can use docs from Resilium row in new lawsuit
Corporate 2020-08-12 6:23 pm By Alison Eveleigh Sydney
The majority shareholder in insurance broker Coverforce has won its bid to use documents from an existing lawsuit over the company's $25 million acquisition of Suncorp unit Resilium in new proceedings it intends to bring.
Law firm hit with indemnity costs for opt out error in Toyota class action
Automotive 2020-08-11 10:32 pm By Miklos Bolza Sydney
An error in an opt out notice sent to motorists eligible to sign up for a class action over allegedly defective diesel filters in Toyota vehicles has left a class action law firm on the hook for indemnity costs to cover a new notice to group members.
ABC acted with malice in ‘set up’ of Racing NSW head, court hears
ABC 2020-08-11 6:08 pm By Alison Eveleigh Sydney
In airing a ‘7:30' segment that revealed racehorses were being slaughtered in violation of industry rules, the ABC acted with malice in what was a "set up" designed to make the head of Racing NSW "look bad", a court has heard.
Insurance policies stalling Quintis class action settlement were ‘cobbled together’, court hears
Alexander Edwards 2020-08-11 6:00 pm By Miklos Bolza Sydney
Insurance policies that may be worth up to $46 million and have derailed settlement approval in two class actions against sandalwood producer Quintis were "cobbled together" and contained errors and omissions, a court has heard.
ACCC delays decision on $3B Google, Fitbit merger
ACCC 2020-08-11 12:19 pm By Cat Fredenburgh
The Australian Competition and Consumer Commission has delayed it decision on whether to block Google's $3 billion tie-up with fitness device company Fitbit to allow time for the European Union to investigate the proposed merger.
ASIC drops investigation of former AMP chair Catherine Brenner
AMP 2020-08-10 9:58 pm By Miklos Bolza and Christine Caulfield Melbourne
The corporate regulator will not take former AMP chair Catherine Brenner to court after investigating her conduct as part of probes that are expected to lead to at least five cases against the wealth management firm before the end of the year.
Judge slams parties in ANZ class action for ‘putting their pens down’
ANZ 2020-08-07 6:34 pm By Alison Eveleigh Sydney
A judge has accused the parties in a class action against ANZ over the sale of allegedly worthless insurance  of “putting their pens down” and failing to advance the case until a strike out application is resolved.
ASIC spent $1.8M on failed Westpac responsible lending case
Appeals 2020-08-07 4:56 pm By Miklos Bolza Sydney
The Australian Securities and Investments Commission spent over $1.8 million in taxpayer funds investigating and prosecuting its now failed responsible lending case against Westpac.