A judge has signed off on a $20 million penalty against Westpac subsidiary BT Funds Management for improperly charging 9,000 members insurance premiums that included commissions to financial advisers, a practice that was banned in 2013.
Nine has hit back at a class action by Indigenous Australians who say the broadcaster’s coverage of a $30 million class action settlement with the Queensland government for alleged police misconduct during the 2004 Palm Island riots was discriminatory and inaccurate, saying it reported the events “fairly and accurately”.
A judge has approved a bid by group members to discontinue a class action alleging pharmacy giant Priceline exercised an “overly prescriptive level of control” on franchisees which limited their profitability, saying it was unlikely to succeed with a litigation funder.
A judge has approved a $155,000 settlement in a class action on behalf of investors in failed streaming platform Guvera which racked up $500,000 in legal fees, saying the case should never have been filed as a class action and didn’t advance group members’ interests “one iota”.
Coal mining firm TerraCom has taken its bid to shield a PricewaterhouseCoopers report from ASIC to the Full Court, appealing a judgment which found the regulator could view the report because of public statements made by the company.
King & Wood Mallesons could be dragged into a class action by commercial fishing operators against Gladstone Ports Corporation over a “colossal disclosure debacle” in which the late discovery of 39,000 documents derailed a planned September hearing.
A former judge’s associate has filed a discrimination complaint against the Tasmania Supreme Court alleging she was “shamed and humiliated” out of her role because of her relationship with one of the court’s judges.
The maker of the popular Invisalign dental aligners may soon face a cross-claim from competitor SmileDirectClub, which it sued for allegedly misleading consumers about the cost and efficacy of its direct-to-consumer teeth alignment kits.
Insurance Australia Group is investigating the underwriter behind an allegedly unauthorised trade credit policy issued to Greensill Capital, according to a defence by the insurer in a $43 million case brought by a Credit Suisse supply chain fund left heavily exposed after Greensill’s collapse.
The trustee of Mayfair Group’s collapsed IPO Wealth Fund has reached an in-principle settlement in a class action alleging it misled investors, who lost $86 million when the fund was wound up.