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Commonwealth Bank hit with class action over insurance ‘rort’
Insurance 2020-08-21 10:41 pm By Cat Fredenburgh

The Commonwealth Bank of Australia has been hit with another class action for allegedly pushing insurance policies with excessive premiums onto customers.

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ISignthis ups damages in case against ASX to $264M
Securities 2020-08-21 10:17 pm By Christine Caulfield

Fintech company iSignthis, which initially sought $27 million from the ASX in a suit alleging the market operator’s suspension of its share led to lost contracts, has increased the claim for damages to more than $264 million.

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St Basil’s hit with class action over COVID-19 outbreak
COVID-19 2020-08-21 4:21 pm By Christine Caulfield

St. Basilā€™s in Victoria has become the latest aged care facility to face a class action over its allegedly negligent handling of the coronavirus pandemic.

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Sizzler seeks quick win in bun fight with Burger Urge Ā 
Intellectual Property 2020-08-21 2:39 pm By Alison Eveleigh

Buffet restaurant pioneer Sizzler is seeking a quick win in its trade mark stoush with Brisbane-based Burger Urge tossed, telling a court it will be seeking summary judgment in its favour.

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ASIC hits IOOF subsidiary with action over cyber security failings
Privacy & Cybersecurity 2020-08-21 1:45 pm By Christine Caulfield

The Australian Securities and Investments Commission has launched proceedings against a subsidiary of wealth manager IOOF over its alleged failure to have adequate cyber security systems in place.

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ASIC takes StatePlus to court over alleged fees for no service conduct
Financial Services 2020-08-20 8:57 pm By Alison Eveleigh

The Australian Securities and Investments Commission has launched civil penalty proceedings against superannuation fund StatePlus over fees allegedly charged for services that were not provided to tens of thousands of members.

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Westpac units won’t defend ASIC fees for no service case
Financial Services 2020-08-20 4:56 pm By Miklos Bolza

Two Westpac units have made admissions and said they would not defend proceedings brought by the Australian Securities and Investments Commission over fees charged for services that were not provided to hundreds of financial advice customers.

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Cladding class action applicant has $5.8M claim against Fairview, court hears
Class Actions 2020-08-20 4:08 pm By Alison Eveleigh

The second meeting of creditors of embattled cladding manufacturer Fairview Architectural has been pushed back to give administrators more time to work out what is in the best interests of creditors, after the lead applicant in a class action against the cladding manufacturer submitted a $5.8 million claim.

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‘Deliberate exploitation’: On The Run fined $65k for denying worker meal and toilet breaks
Employment 2020-08-20 3:35 pm By Miklos Bolza

The employing entity for convenience store chain On The Run has been slapped with a penalty of almost $65,000 for underpaying and failing to provide a worker with meal and toilet breaks, with a judge chastising the company’s “deliberate exploitation of a low paid hard working employee”.

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Nationwide may deny liability for reporter’s ‘private’ tweets on Quaden Bayles video
Defamation 2020-08-20 2:40 pm By Alison Eveleigh

Nationwide News may not accept liability for a series of allegedly defamatory tweets published from reporter Miranda Devine’s personal account about 9-year-old Quaden Bayles, telling a judge the tweets were ā€œprivateā€.

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