SkyCity has agreed to pay $67 million to resolve AUSTRAC proceedings alleging it allowed $4 billion in suspicious transactions and failed to carry out diligence on high-risk customers.
Victorian Liberal Party leader John Pesutto has settled two defamation lawsuits by organisers of the ‘Let Women Speak Rally’ and apologised for conflating them with neo-Nazis who crashed the event, saying his comments “could have more clearly differentiated between the groups”.
Four insurers have agreed to fork over $1 million to settle an investor class action against lender Axsesstoday over an allegedly misleading prospectus for a bond offering, while claims against PricewaterhouseCoopers will move forward.
The funder behind two class actions against Uber, which have settled for $272 million, stands to make a tidy sum if the settlement holds up at a court approval hearing.
The plaintiffs in a class action against a group of surgeons who worked for The Cosmetic Institute have told a court that a costs assessment is not necessary to approve a $25 million settlement, which will see $10 million deducted for legal and administrative costs, in light of reductions to the fees.
The funder of a class action by financial advisers against AMP is seeking a $28.5 million profit from a $100 million settlement, a hefty payout that has prompted the appointment of a contradictor but may survive the scrutiny in light of a recent appeals court decision.
Instagram has resolved a long-running intellectual property stoush with an Australian dating app over its use of the ‘Instagoods’ and ‘Instadate’ marks.
A judge has rejected a bid to keep the settlement sum under wraps in a class action against Nine over its coverage of litigation related to the 2004 Palm Island riots, noting that a “ballpark” figure is already open to be deduced from the settlement deed.
A judge has appointed a contradictor for an upcoming settlement approval hearing in a class action by financial advisers against AMP over its buyer of last resort policy, saying the funder was taking a “very large” cut of the $100 million settlement.
Tens of thousands of junior doctors who allege they were systemically underpaid have reached a $230 million settlement with NSW Health, the largest settlement ever in an underpayments class action.