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Judge approves $212.5M toxic foam class action settlement
Class Actions 2020-06-05 9:46 pm By Alison Eveleigh

A judge has given his blessing to a landmark $212.5 million settlement of three class actions over the use of allegedly toxic firefighting foam at government military bases despite a ā€œlarge numberā€ of objections.

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ASIC, ANZ gear up for battle over Ashurst advice in bank fees case
Financial Services 2020-06-05 9:31 pm By Miklos Bolza

ASIC has launched a bid to gain access to legal advice provided by Ashurst to Australia and New Zealand Banking Group in the regulator’s case over $35 million in allegedly illegal bank fees.

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Appeals court overturns ban on Black Lives Matter protest
COVID-19 2020-06-05 9:10 pm By Miklos Bolza

The Court of Appeal for the NSW Supreme Court on Saturday overturned a ruling that banned this weekend’s Black Lives Matter protest, saying the rally was an authorised public assembly.

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CBA hit with $5M penalty for overcharging customers
Financial Services 2020-06-05 4:05 pm By Cat Fredenburgh

A judge has approved a $5 million penalty against the Commonwealth Bank of Australia for overcharging customers $8 million in fees and interest on its agricultural products, despite previously expressing concerns that the penalty was “on the light side”.

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Judge slams ‘deficient’ explanation behind $2.9M penalty in ACCC, HealthEngine case
Competition & Consumer Protection 2020-06-05 2:12 pm By Miklos Bolza

A penalty hearing in the ACCC’s case against health booking company HealthEngine over misleading online reviews has been adjourned after a judge criticised the parties’ joint submissions as “deficient” for failing to explain how a proposed $2.9 million penalty had been arrived at.

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Toxic foam class action settlement hearing runs to second day, with ‘unusual’ number of objections
Class Actions 2020-06-04 8:25 pm By Alison Eveleigh

The settlement of three class actions brought against the Commonwealth of Australia over its alleged use of toxic firefighting foam on government military bases is facing an unusually high number of objections, pushing an approval hearing into a second day as dissenters voice their concerns in court.

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Robodebt recipients won’t be asked to waive class action claims
Class Actions 2020-06-04 6:06 pm By Christine Caulfield

Centrelink recipients eligible for a share of $721 million in refunds on debts paid as part of the controversial Robodebt scheme will not be asked to sign away their rights in an ongoing class action, but whether the Morrison Government will seek to shut down the case remains to be seen.

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‘An immediate conflict of interest’: Appeals court tosses opt out notices in AMP class action
Appeals 2020-06-04 3:57 pm By Miklos Bolza

An appeals court has vacated orders sending opt out and registration notices to shareholders in a class action against AMP after a successful challenge by the lead plaintiff in a competing class action that was stayed after a high-profile litigation beauty parade last year.

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Ex-Beem It boss takes fintech, CBA to court
Employment 2020-06-04 1:42 pm By Christine Caulfield

Commonwealth Bank of Australia and Beem It are facing an employment lawsuit by the former CEO of the payments fintech, but details of the case have not been released pending a bid to keep the claims confidential.

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ASIC’s proposed $5M penalty against CBA ‘on the light side’, judge says
Financial Services 2020-06-04 12:33 pm By Miklos Bolza

A judge has questioned ASIC’s proposed $5 million penalty against the Commonwealth Bank of Australia, saying it was “on the light side” for the bank’s conduct in overcharging $8 million in fees on its agricultural products.

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