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Star Entertainment faces second class action over money laundering compliance
Class Actions 2022-11-07 10:54 pm By Christine Caulfield

The Star Entertainment Group has been served with a second shareholder class action over disclosures relating to its anti-money laundering controls, a month after it was slapped with a $100 million fine.

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NAB acted unconscionably with periodic payment fee overcharges, judge finds
Financial Services 2022-11-07 11:24 pm By Christine Caulfield

A court has found National Australia Bank engaged in unconscionable conduct in knowingly overcharging thousands of customers periodic payment fees for four years.

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Nine tells court barrister stole Insta-famous cavoodle, misled police
Defamation 2022-11-07 11:03 pm By Sam Matthews

A judge has questioned Nine’s eleventh-hour bid to add allegations of “serious criminal offences” against a barrister who sued the media company over its coverage of her custody battle for famed social media pooch Oscar the cavoodle.

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Crown Resorts fined $120M for ‘systemic’ failures
Gaming 2022-11-07 4:16 pm By Cat Fredenburgh

Victoria’s gambling regulator has slapped Crown Resorts with $120 million in fines for falling short in its obligation to supervise problem gambling, in what the regulator called “extensive, sustained and systemic failures” spanning 12 years.

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Australia ‘really needs’ an unfair practices law, ACCC deputy chair says
ACCC 2022-11-04 11:39 pm By Cindy Cameronne

The outgoing deputy chair for the Australian Competition and Consumer Commission says Australia “really needs” a new unfair practices law, echoing sentiments from the regulator’s former boss.

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Medibank won’t pay ransom to criminal behind cyberattack
Privacy & Cybersecurity 2022-11-07 11:30 pm By Cat Fredenburgh

Medibank will not pay a ransom to a criminal who stole the data of 9.7 million customers, saying it would encourage extortion.

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Fonterra to pay $25M to settle class action over slashed milk prices
Class Actions 2022-11-04 12:13 pm By Cindy Cameronne

Fonterra has agreed to shell out $25 million to settle a class action by dairy farmers alleging they were underpaid when Fonterra slashed milk prices and sought a “clawback” in 2016.

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Allianz to see law firms’ ATE policy in class action over ‘junk’ car insurance
Insurance 2022-11-04 2:47 pm By Cindy Cameronne

The applicants in a consumer class action against Allianz have been ordered to produce an insurance policy that covers them for the risk of losing the case, which the insurer says will inform its bid for security for costs.

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Dell misled online customers about inflated discounts during COVID lockdowns, ACCC says in new case
Competition & Consumer Protection 2022-11-04 11:13 pm By Christine Caulfield

The consumer regulator has taken Dell Australia to court for allegedly making misleading statements about the price of add-on monitors that could be purchased with Dell computers during the height of the COVID-19 pandemic.

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Class action trial looms for CBA over money laundering disclosures
Class Actions 2022-11-03 11:59 pm By Cat Fredenburgh

The Commonwealth Bank of Australia faces trial Monday in one of several class actions filed against a major Australian company in recent years over allegedly lax money laundering practices and disclosures.

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