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Ex-ANZ unit hit with $5M penalty for fees-for-no-service conduct
Superannuation 2023-11-29 4:40 pm By Cat Fredenburgh

Former ANZ superannuation trustee OnePath Custodians has been hit with a $5 million penalty for charging superannuation members more than $4 million in fees that it was not entitled to.

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Google, Apple to argue app store restrictions needed to protect security, IP
Competition & Consumer Protection 2023-11-29 6:11 pm By Cindy Cameronne

Google and Apple will argue at an upcoming trial that allegedly anti-competitive app marketplace restrictions were necessary to protect security and intellectual property.

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High Court won’t weigh in on spat between Probuild, Allianz over development bonds
Construction 2023-11-20 11:52 pm By Christine Caulfield

Probuild Constructions has failed in its special leave application to the High Court, which sought to challenge a ruling that it held $7.7 million in trust for insurer Allianz under a deed of indemnity in connection with the development of West Side Place in Spencer St, Melbourne.

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Appeal filed in crypto class action against Google, Meta
Cryptocurrency 2023-10-16 11:00 pm By Christine Caulfield

A self-represented applicant is challenging the permanent stay of his competition class action against Google and Meta over the digital companies’ decision to ban cryptocurrency ads.

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Crypto class action against Meta, Google halted due to conflicts
Cryptocurrency 2023-10-02 5:27 pm By Sam Matthews

A judge has permanently stayed a class action accusing Meta and Google of breaching competition law by banning cryptocurrency ads, finding there was a potential for conflicts between the self-represented applicant, who is also funding the case, and group members.

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Law firm, funder seek $13.8M cut from $26M Ardent Leisure class action settlement
Class Actions 2023-09-27 1:22 pm By Sam Matthews

The firm and funder that ran a shareholder class action against Ardent Leisure over the 2016 Dreamworld tragedy are seeking deductions totalling more than half of the $26 million settlement reached in the case.

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Ardent Leisure settles class action over Dreamworld tragedy for $26M
Class Actions 2023-08-24 11:55 am By Cat Fredenburgh

A $26 million settlement has been reached in a class action against Ardent Leisure alleging it misled shareholders about safety measures that were in place ahead of the 2016 tragedy at its Dreamworld theme park in Queensland which claimed four lives.

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IAG class action says 30% GCO can’t be compared to beauty parade rates in Star cases
Class Actions 2023-08-18 2:29 pm By Sam Matthews

In its bid for a 30 per cent group costs order, the applicant in a class action against Insurance Australia Group says the percentage shouldnā€™t be compared to lower proposed rates — as low as 14 per cent — in a battle to run a class action against Star.

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Judge wants more evidence for law firm’s 30% cut in IAG class action
Insurance 2023-06-30 3:40 pm By Sam Matthews

A judge overseeing a shareholder class action against Insurance Australia Group says more evidence is needed to back the applicantā€™s bid for an order giving lawyers 30 per cent of any recoveries.

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Insurers on hook for combustible cladding claims against builder LU Simon
Insurance 2023-06-06 3:14 pm By Cindy Cameronne

A judge has found insurers must cover claims against builder LU Simon Builders over alleged combustible cladding in Melbourne’s Atlantis Towers after a judge found the owners were ā€œobvious candidatesā€ to bring legal action.

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