Settlement

Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.

A judge has criticised the principal of boutique firm Adero Law for not doing enough to contact group members to share in a $19.25 million settlement in an underpayments class action against hospitality giant Merivale, including conducting a Google search.

Roadside assistance company NRMA has resolved a Fair Work case by a former in-house lawyer who alleged she was dismissed after making a whistleblower complaint.

A law firm that ran a consumer class action by franchisees will recover less than a third of the costs it incurred in running the case after a small settlement was reached.

A class action over Victoria's hotel quarantine debacle that settled for $125 million will seek a record $37.5 million cut for law firm Quinn Emanuel and $250,000 payment for the lead applicant, which was subjected to "public ridicule and hatred" during the matter.

The plaintiff in a class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has flagged a potential fight over the funder’s cut and legal fees to be deducted from an $18 million settlement.

The funder that bankrolled a settled shareholder class action against directors of collapsed mining company CuDeco and KPMG may face a haircut to its proposed 35 per cent commission after a contradictor was appointed to scrutinise the reasonableness of the rate.

Ainsworth Game Technology will pay $8.5 million to settle a brewing patent dispute with rival poker machine maker Aristocrat, following a landmark appeals court ruling last year.

A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has settled for $18 million, with a judge hearing numerous group members will not receive a payout.

A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.