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A judge has approved a $120 million settlement in a class action against AMP that followed the banking royal commission, saying while it was a “very disappointing outcome” for group members it was still fair and reasonable.
A class action on behalf of 32,000 ALDI workers who were allegedly denied pay for pre- and post-shift work has settled for $55 million, with the retail workers union set to receive $1.5 million towards its costs.
Construction PRO
Utility Sydney Water has claimed privilege over hundreds of documents said to reveal advice about its obligations when compulsorily acquiring land, in a dispute with a property owner over 21 hectares of land in Rosehill.
Former ANZ subsidiaries have filed proceedings against three insurers claiming they wrongfully denied coverage for $182 million in compensation and costs relating to financial adviser breaches to retail clients.
A judge has ruled that two early investors in iSignthis are entitled to $689,662 in compensation after finding that the fintech breached an agreement entitling them to performance shares in the company.
Construction PRO
A group of Gold Coast residents has asked the High Court to overturn the approval of a nine-story luxury residential development, arguing the court failed to consider the 'reasonable amenity expectations' of neighbouring residents before allowing the building to exceed local height limits.
The applicants in a class action against Transport for NSW over the construction of the Sydney CBD light rail have lost their appeal of a ruling that ordered the government to pay just 65 per cent of their trial costs, which they claim amounts to a $5.4 million reduction.
Origin Energy has agreed to refund over $270,000 to 4,500 customers on its 'Ongoing Saver' residential electricity plan who were charged more than they would have been on the company's 'Basic' plan.
Credit Suisse is fighting a bid for access to Deloitte reports commissioned by a Swiss law firm and advice from Linklaters, in litigation against insurers over the collapse of supply chain finance company Greensill Capital.
Construction PRO
A former director of defunct developer Maxcon Developments and his family members have lost a bid to set aside examination orders, with a judge rejecting their argument that the ATO was using the examinations as a “dry run” for other claims.