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IAG duped consumers with loyalty discount promises, ASIC says
Delivering on one of its enforcement priorities, the Australian Securities and Investments Commission has taken two units of insurer IAG to court for allegedly misleading home owners insurance customers about loyalty discounts.
University of Sydney can’t advance ‘unclear’ claims over flammable building panels
The University of Sydney has lost a bid to amend its claims against a consultant in litigation over allegedly defective building work carried out on its Charles Perkins Centre in Camperdown.
Norovirus class action faces ‘lurking’ stay issue
After surviving multiple strike-out bids, a class action against Carnival over norovirus outbreaks on its Sun Princess cruise ship is still facing a “lurking" issue about a potential stay in relation to the claims of a subset of group members.
Energy Beverages wins fight over Kangaroo Mother trade mark
The maker of Mother energy drinks has won an appeal of an IP Australia decision, succeeding in its bid to prevent a Victoria-based company from registering Kangaroo Mother as a trade mark for beverages.
Man charged with insider trading ahead of $776M Westfarmers deal
A man has been charged with trading in inside information in advance of Westfarmers' $776 million acquisition of lithium company Kidman Resources in 2019.
$41.45M settlement approved in pelvic mesh class action
A judge has approved a $41.45 million settlement in a pelvic mesh class action against manufacturers Covidien and TFS but has put off deciding on the costs of the firm that ran the case, saying it is “next to useless” when law firms appoint their own costs consultants.
Deloitte may ask court to keep lid on class action settlement
Deloitte may seek confidentiality orders over the amount it agreed to pay to settle a shareholder class action over its audits of collapsed construction group Hastie.
‘Group members are human beings’: Judge pans discontinuance notice in postgrads class action
A judge has panned as “thoroughly unsatisfactory” a draft notice informing group members in an underpayments class action against the federal government that only claims on behalf of postgraduate research students at the University of Sydney will continue.
CBA to backpay staff $3M to settle rest break lawsuit
The Commonwealth Bank of Australia has agreed to backpay thousands of branch staff $3 million to settle a lawsuit alleging it failed to provide employees with paid rest breaks for at least six years.
Developer takes aim at agent over sales in Sydney’s Boomerang building
Developer CHP Group has accused real estate agency Maison Global of having a conflict of interest while selling apartments in Sydney Olympic Park’s latest high-rise the Boomerang building due to a separate arrangement with a different developer.