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A judge has questioned a class action firm’s claim that it and its counsel spent 180 hours and $63,000 in fees preparing pleadings in an underpayments class action against supermarket chain Drakes, saying the number of hours was not “reasonable”.
Mayfair 101 founder James Mawhinney has sued the Australian Securities and Investments Commission and its deputy chair Sarah Court, alleging the corporate regulator defamed him in a media release issued last month.
A law firm has lost its bid to appoint a costs referee after reaching a $5.8 million class action settlement with the On The Run convenience store chain, saying it was “hurtful” for a judge to suggest the firm wanted to “maximise its position” over group members.
A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.
A judge has tossed a broker’s lawsuit against NAB and its former subsidiary FAST, finding the bank was entitled to terminate its accreditation over the use of a banned broker’s trail book.
Insurer QBE has settled a class action over ANZ's sale of allegedly worthless add-on insurance, and the applicants are “hopeful” that the bank and two other named insurers will soon reach a deal to resolve the claims against them.
Defence shipbuilder Austal and its CEO have agreed to pay a combined $700,000 in penalties for violating the Corporations Act by failing to notify the market of a US$90 million writeback related to the company's $3.5 billion US Navy warship program.
Property developer Deicorp has secured a win in a lawsuit brought by a Hong Kong real estate billionaire after Deicorp reneged on a $45 million property deal, with a judge finding the purchaser failed to properly nominate its special purpose vehicle under the contract for sale.
Ten's general manager, Brisbane has filed a lawsuit alleging the media company owes her $330,000 in bonuses.
Retail Food Group has filed an application to shut down a class action by former franchisees of its Michel's Patisserie chain who claim to have suffered losses stemming from changes to the franchise giant's supply chain in 2015 and 2016.