Judge spots ‘fundamental flaw’ in NAB insurance class action settlement

Christopher Caleo 2020-02-25 10:25 pm By Miklos Bolza | Sydney

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A judge has questioned whether he should sign off on a $49.5 million settlement in a class action against National Australia Bank over allegedly worthless credit card insurance, which he said had a “fundamental flaw” because it did not contain a provision automatically cancelling group members’ policies.

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