Judge ‘bereft’ of power to vary $138M IAG settlement to allow late opt outs

Adam Hochroth 2021-04-23 5:07 pm By Miklos Bolza | Sydney

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A $138 million class action settlement with IAG over alleged junk insurance will go ahead after a judge found he was “bereft” of power to vary his prior approval judgment and include late opt out bids by group members that threatened to derail the agreement last month.

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