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Crown, AUSTRAC reach deal on penalty but court wants guidance on ill-gotten profits
Allens 2023-05-12 3:25 pm By Sam Matthews Melbourne

Crown Resorts has reached agreement on a proposed penalty in AUSTRAC’s case alleging “widespread and serious non-compliance” with anti-money laundering and counter terrorism financing laws, but the presiding judge says more information is needed for the court to fix a fine.

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‘Plagued with competing class actions’: Judge stays latecomer Medibank case for now
Baker McKenzie 2023-05-12 1:26 pm By Sam Matthews Melbourne

A judge aggrieved by the “plague” of competing class actions in the courts has temporarily stayed a second data breach class action against Medibank, and directed the health insurer to ask the privacy commissioner to drop the investigation of a third case.

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OAIC to investigate group proceeding against Medibank
Class Actions 2023-05-12 9:45 am By Christine Caulfield

The Office of the Australian Information Commissioner will proceed with an investigation of a class action-style complaint brought by Maurice Blackburn over Medibank’s data breach.

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Veolia wins discovery for potential case against EnergyAustralia
Competition & Consumer Protection 2023-05-11 11:05 pm By Christine Caulfield Sydney

Water services company Veolia Water Australia has won its bid for EnergyAustralia and two mining companies to hand over information about the quality of mine water they send for treatment, with a judge finding it could be “materially worse” than promised.  In a judgment handed down on Wednesday, Federal Court Justice Scott Goodman ordered EnergyAustralia…

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High Court challenge could clarify scope of reliance damages
Anna Mitchelmore 2023-05-11 5:30 pm By Sam Matthews Melbourne

A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.

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Insurance Australia agrees to $40M penalty in ‘very serious’ case over unpaid discounts
ASIC 2023-05-11 4:57 pm By Cindy Cameronne Sydney

Insurance Australia has agreed to pay a $40 million penalty in a case by the Australian Securities and Investments Commission alleging it short-changed NRMA customers a staggering $60 million in promised loyalty discounts. 

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Art school resolves former dean’s dismissal-by-Instagram case
Article 2023-05-11 4:32 pm By Christine Caulfield

The former dean of a Melbourne art school has resolved her case alleging she was unfairly sacked via Instagram direct message while on annual leave.

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7-Eleven class action judge OKs $2.25M in costs of settlement approval argument
Ahmed Rizk 2023-05-11 3:04 pm By Cindy Cameronne Sydney

A judge overseeing two 7-Eleven class actions has signed off on $2.25 million in costs incurred by the funder and lawyers in their pitched battle to win approval for the terms of a $98 million settlement, which included deductions of more than $44 million to cover commission and fees.

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IG Markets hit with class action over risky CFDs
Class Actions 2023-05-10 11:50 pm By Cat Fredenburgh

IG Markets has been hit with a class action on behalf of up to 20,000 everyday investors who have allegedly lost hundreds of millions of dollars trading in risky financial products known as contracts for difference, or CFDs.

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Facial recognition platform Clearview broke privacy laws by scraping images, AAT says
Appeals 2023-05-10 2:35 pm By Sam Matthews Melbourne

US facial recognition company Clearview breached Australian privacy laws by trawling the web for photos of Australians for use by law enforcement agencies, the Administrative Appeals Tribunal has found.

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