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Judge slams parties in ANZ class action for ā€˜putting their pens down’
Class Actions 2020-08-07 6:34 pm By Alison Eveleigh

A judge has accused the parties in a class action against ANZ over the sale of allegedly worthless insuranceĀ  of ā€œputting their pens downā€ and failing to advance the case until a strike out application is resolved.

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ANZ says allegedly worthless insurance policies gave customers ā€˜peace of mindā€™
Class Actions 2020-06-16 6:15 pm By Alison Eveleigh

ANZ has denied claims that it sold allegedly worthless insurance to group members in a class action against the banking giant, and has said the policies gave customers “peace of mind”.

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Slater & Gordon settlement armed class action to sue us, Arnold Bloch Leibler tells court
Class Actions 2020-05-27 4:11 pm By Miklos Bolza

Slater and Gordon’s conduct when settling a previous securities class action against it armed the lead plaintiff with the information he needed to later bring a class action against Arnold Bloch Leibler, a court has heard.

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Arnold Bloch Leibler wins access to Quindell due diligence docs
Corporate 2020-05-08 8:19 pm By Miklos Bolza

Arnold Bloch Leibler has been granted access to due diligence docs related to Slater and Gordon’s $1.2 billion acquisition of professional services firm Quindell, to use in its defence of a class action over advice it gave on the troubled acquisition.

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Judge OKs $49.5M settlement in NAB class action
Financial Services 2020-05-08 6:29 pm By Alison Eveleigh

A judge has signed off on a $49.5 million settlement in a class action against National Australia Bank over ā€˜junk insuranceā€™, including millions in fees for the firm that brought the case on a no-win, no-fee basis, despite calling the settlement sum a ā€œsubstantial compromiseā€.

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Citing coronavirus, judge orders limited discovery in ANZ, Westpac ‘junk’ insurance class actions
Class Actions 2020-04-03 11:18 pm By Christine Caulfield

Noting the challenge of searching for documentary evidence while employees are working from home, a judge overseeing two consumer class actions against ANZ and Westpac has directed the banks to hand over only a limited number of documents to the applicants, and given them extra time to do it.

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Group members to get policy cancellation info in NAB insurance class action settlement
Class Actions 2020-03-30 9:02 pm By Alison Eveleigh

A judge overseeing a class action against National Australia Bank over ā€˜junk insuranceā€™ has ordered that potential group members be given information about cancelling the policies, but not before taking the applicants to task for not having the polices automatically cancelled as part of the $49.5 million settlement.

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ANZ and Westpac hit with junk insurance class actions
Class Actions 2020-02-28 1:08 pm By Miklos Bolza

Slater and Gordon has expanded its Get Your Insurance Back campaign, launching class actions against ANZ and Westpac over allegedly worthless consumer credit insurance, just three months after it reached a $49.5 million settlement with NAB in a class action over similar insurance.

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Judge spots ‘fundamental flaw’ in NAB insurance class action settlement
Class Actions 2020-02-25 10:25 pm By Miklos Bolza

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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Arnold Bloch Leibler sues Slater and Gordon to use docs in class action defence
Class Actions 2020-01-31 2:34 pm By Christine Caulfield

Facing a class action by shareholders alleging negligence over advice to Slater & Gordon, law firm Arnold Bloch Leibler is bringing proceedings against its former client to use files in defence of the case.

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