Bank of Queensland has lost a dispute with two insurers over coverage for a $6 million settlement of a class action brought by investors in a Ponzi scheme by jailed scammer Bradley Sherwin, with a judge shooting down the bank’s argument that the class action should only be considered one claim under the policy.
The lawyers leading a class action seeking damages from electrical distributor Endeavour Energy over the 2013 Mt Victoria bushfires have made a bid to amend the pleadings as the six-week kicked off Monday in the NSW Supreme Court.
The Registered Organisations Commissioner is seeking a $505,000 penalty against the CEPU for record-keeping breaches, despite the union’s claim that the conduct was not deliberate.
A lawyer for the Registered Organisations Commission faced the ire of a Federal Court judge on Thursday when he admitted he had no instructions on what penalties the regulator was seeking in a Fair Work case against the CEPU.
It warned offenders, and then it won its first case. Now with the one-year anniversary of laws protecting small businesses from unfair contracts ticking over, expect the consumer regulator to take no prisoners, lawyers say.