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ANZ, OnePath class action members to pocket 65% of settlement if costs OK’d
Class Actions 2024-11-13 11:35 pm By Cindy Cameronne

The law firm running a class action against ANZ and superannuation trustee OnePath wants a 29.4 per cent cut of the $50 million settlement, having run the case on a no win, no fee basis. 

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Velocity Rewards joined to Virgin class action despite ‘barely arguable’ claim
Class Actions 2024-11-11 4:43 pm By Cindy Cameronne

A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are “barely arguable”. 

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Virgin bondholders want to join Velocity Rewards to class action
Class Actions 2024-11-01 11:02 pm By Cindy Cameronne

A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virgin’s balance sheet.

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Judge’s ‘past life’ comments on class action reform no basis for recusal, court told
Class Actions 2024-10-10 11:51 pm By Cindy Cameronne

A bid to disqualify a judge who spoke publicly about proposed reforms to class action law from hearing a class action against Fletcher Building is out of touch with reality, a court has heard.

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Keystone receivers win freezing order extension against developer
Restructuring & Insolvency 2024-10-07 11:08 pm By Cindy Cameronne

Court-appointed receivers of investment firm Keystone have won an extension to a freezing order against a Melbourne developer who is suspected of receiving $160 million in investor funds. 

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ANZ, OnePath to pay $50M in super class action settlement
Settlement 2024-10-03 11:19 pm By Christine Caulfield

Big Four bank ANZ and superannuation trustee OnePath will pay $50 million to settle a class action brought on behalf of super members allegedly charged excessive fees.

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Judge from Maurice Blackburn should not hear Fletcher class action, court told
Class Actions 2024-10-02 11:20 pm By Cindy Cameronne

A judge should be disqualified from hearing a class action against Fletcher Building because of his previous association with the funder, as well as public remarks he made as a plaintiffs’ solicitor, a court has heard. 

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ANZ, OnePath reach 11th-hour settlement in class action
Class Actions 2024-10-02 11:43 pm By Christine Caulfield

A settlement has been reached on the eve of trial in a class action against ANZ and OnePath alleging they slugged super fund members with excessive fees.

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KFC tries to avoid ‘hypothetical’ class action trial over rest breaks
Class Actions 2024-09-30 2:50 pm By Cindy Cameronne

Fast food giant KFC has argued an initial trial in an underpayments class action could result in an “entirely hypothetical” finding unless it also deals with the claims of several sample group members. 

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Keystone administrators win $100M freezing order against developer
Construction 2024-09-18 11:46 pm By Cindy Cameronne

A judge has made freezing orders against Melbourne developer City Built and director Robert Filippini, who allegedly received $160 million in investor funds from Keystone Asset Management.

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