Settlement

Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.

Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.

A judge has approved a $3 million settlement in a class action against Nine over its coverage of litigation related to the 2004 Palm Island riots. 

Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.

Legal fees will eat up more than half of a $3.5 million settlement reached in a class action over deaths at a NSW aged care facility during the COVID-19 pandemic. 

A long-time Nine Network reporter has settled her sex discrimination claims against her former employer.

An environmental group has dropped its court fight over the expansion of the New Acland coal mine in Queensland, saying the case -- which went to the High Court -- had taken a heavy financial toll.

A class action against Allianz over alleged junk add-on insurance has settled for $170 million, with two law firms set to take 25 per cent of the payout under a group costs order. 

Chinese builder Yuanda has settled a lawsuit against its former director that alleged he diverted building contracts, including a project with Lendlease, to his current employer SRG Global. 

Crocs unit Jibbitz has settled its patent dispute against Australian company Bavvaro, which was accused of selling knock-off versions of its shoe accessories.