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Group members to get $100 or less under $1.5M ANZ class action settlement
ANZ 2019-12-06 1:54 pm By Cat Fredenburgh Melbourne
A judge has given the green light to a $1.5 million settlement in a long-running class action against ANZ alleging it slapped customers with illegal fees, with group members expected to get no more than $100 and potentially walking away with "substantially less" than this.
AMP group exec says bullying claims by former GC were news to her
AMP 2019-12-04 5:24 pm By Miklos Bolza Sydney
AMP's group executive says she was never told of bullying claims made against her by former general counsel Larissa Cook until the lawyer filed a $2.7 million lawsuit alleging "hostile, aggressive and intimidating behaviour" in response to complaints she made about AMP's fees for no service conduct.
Judge allows hindsight evidence in lawsuit over Metal Storm’s collapse
Anthony McGrath 2019-12-04 3:09 pm By Miklos Bolza Sydney
A US institutional investor can use hindsight evidence in its breach of contract case against a former ANZ Bank trustee over the winding up of failed defence tech firm Metal Storm.
Clive Palmer ‘didn’t like the price’ of Twisted Sister licence, court hears
Alexander Law 2019-12-04 1:58 pm By Miklos Bolza Sydney
Billionaire and former politician Clive Palmer knew he needed a licence to use Twisted Sister's hit song 'We're Not Gonna Take It' but went ahead and used the song anyway in his political campaign ads because he "didn't like the price," the Federal Court has heard.
Domino’s attacks class action, says franchisee representations were opinion not fact
Class Actions 2019-12-03 11:34 pm By Cat Fredenburgh Melbourne
Fast food giant Domino's has denied allegations that it violated consumer law with the representations it made to franchisees about the agreements its workers were covered under, saying it was only giving franchisees its opinion.
Arrium liquidators to keep up fight with shareholders over questioning of ex-director
Amelia Smith 2019-12-03 10:31 pm By Christine Caulfield Melbourne
Liquidators of collapsed steel and mining company Arrium will challenge a ruling that gave shareholders the greenlight to question a former director to mount a possible class action, and have secured a limited stay of the judgment to lodge a notice of appeal.
Clive Palmer accused of ‘moral obloquy’ in $37.4M class action by timeshare members
Class Actions 2019-12-03 9:08 pm By Miklos Bolza Sydney
Clive Palmer and associated companies have been accused of unconscionable conduct and "moral obloquy" in a new $37.4 million class action by timeshare members of the billionaire's now abandoned Palmer Coolum Resort.
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 Sydney
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.
Settlement approval in second Murray Goulburn class action could be ‘messier’, judge says
Agriculture 2019-12-03 2:01 pm By Christine Caulfield Melbourne
A judge has rejected a proposal to jointly hear argument for approval of settlements in two class actions against milk supplier Murray Goulburn, saying the issues in one case -- led by the legal team under scrutiny for alleged professional misconduct in a separate class action -- could be more complicated.
Funder to earn up to $130M from Queensland floods class action
Business of Law 2019-12-02 4:55 pm By Cat Fredenburgh Melbourne
Funder IMF Bentham expects to bring in up to $130 million in income for backing the Queensland floods class action, after a judge ruled last week that the operator of two dams as well as the state government were responsible for the severity of the flooding that hit Southeast Queensland in 2011.