A judge has approved a $29 million settlement in a class action against Westpac over ‘junk’ consumer credit insurance, a deal that earns the bank’s customers at least $19.6 million.
A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks over ‘junk’ consumer credit insurance — was fair and reasonable, a judge has said.
A judge has largely granted a bid by port operations provider Engage Marine to obtain copies of restricted documents in the ACCC’s case against TasPorts as it mounts its own case against the government-owned body, despite noting that principles of open justice don’t dictate an “open slather” approach to documents.
Port operations provider Engage Marine is seeking to obtain copies of restricted documents in the ACCC’s case against TasPorts, as it mounts its own competition suit against the Tasmanian government-owned body.
ANZ has been hit with a $10 million penalty in a case brought by the Australian Securities and Investments Commission alleging the bank’s home loan ‘introducer’ referral program breached credit laws.
The Commonwealth Bank of Australia has urged the Full Court to toss ASIC’s challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.
The ACCC’s rejection of a regional network arrangement between Telstra and TPG was “confusing” and the telecos might be free to vary the transaction, says a judge who is overseeing a challenge to the competition regulator’s decision.
The founder of investment group Mayfair 101 must foot half his costs of a successful appeal of a 20-year ban on fund raising because of the many “spurious” grounds of appeal he pressed.
The High Court won’t hear an appeal by payday loan providers Cigna and BHF seeking to challenge a Full Court judgment that found they can’t dodge the obligations contained in the National Credit Code through their lending model.
The Australian Competition and Consumer Commission has largely won its case against BlueScope Steel and former general manager Jason Ellis alleging they engaged in “serious cartel conduct” in relation to the supply of flat steel products in Australia.