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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 accusing Knowmore Legal of providing 'cookie cutter' legal advice is mulling an application to discontinue claims against the peak body for community legal centres.
A judge has asked for more information on why he should approve $43.1 million in legal fees in a class action against AMP that settled for $120 million, calling the amount "extraordinary" and "troubling".
AMP super members are set to receive $60 million in a class action stemming from the banking royal commission, with the average payout being under $100, a judge has heard.
AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
The peak body for community legal centres has lost its bid to declass a class action alleging survivors of institutional child sexual abuse who settled their claims under the National Redress Scheme were given negligent ‘cookie cutter’ legal advice.
On the first day of a seven-week class action trial, a judge has heard that AMP Superannuation failed to renegotiate interest rates with AMP Bank for up to 12 years, despite investing as much as $2 billion in customers' superannuation with the bank.
The peak body for community legal centres argues a case over alleged cookie cutter legal advice should be stripped of class action status, citing a recent judgment in a case against a Victorian law firm, but a judge noted there may be significant differences.
A judge has stripped a group proceeding against a Melbourne law firm of class action status, finding each of the firm's 700 clients had “factually discrete” claims.
A class action alleging Knowmore Legal Service provided negligent “cookie cutter” legal advice to sexual abuse survivors has argued a hearing on declassing and strike-out applications should be put on hold.