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Romeo’s hit with underpayments class action
Employment 2020-07-28 2:42 pm By Cat Fredenburgh

Supermarket chain Romeo’s has become the latest retailer to face a class action alleging it failed to pay staff for all hours worked.

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Westpac’s anti-money laundering woes worsen
Financial Services 2020-07-28 1:37 pm By Cat Fredenburgh

Westpac anti-money laundering compliance troubles continue to worsen, with the bank reporting an additional 365,000 incomplete or inaccurate threshold transaction reports to AUSTRAC.

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Funder behind Fair Work class actions a ‘litigation bounty hunter’, Full Court hears
Employment 2020-07-27 9:13 pm By Miklos Bolza

Facing accusations of being a “litigation bounty hunter”, litigation funder Augusta Ventures has made its bid before the Full Federal Court to overturn a landmark ruling which put it on the hook for $3.1 million in security in two Fair Work class actions.

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Treasurer met with affiliate of US lobby group on eve of new class action regulations, inquiry told
Class Actions 2020-07-27 8:35 pm By Alison Eveleigh

There is an ā€œembarrassingā€ foreign influence on Australian laws, a plaintiff law firm has told a parliamentary inquiry into class actions, after revealing that Treasurer Josh Frydenberg met with an affiliate of the US Chamber of Commerce in May, shortly before announcing a crackdown on litigation funders.

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‘Most painful relationship Iā€™ve ever had’: Law firm describes falling out with funder in BOQ class action
Class Actions 2020-07-27 5:54 pm By Alison Eveleigh

The law firm that represented elderly victims of Ponzi schemer Bradley Sherwin has told the government’s class action inquiry of its ā€œpainfulā€ relationship with the funder involved in the proceedings, which eventually saw the firm bow out of the case because of a conflict of interest.

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Banksia class action funder admits court was misled on fees, says commission shouldn’t suffer
Class Actions 2020-07-27 5:46 pm By Christine Caulfield

The litigation funder behind the class action over Banksia Securities’ collapse has admitted it misled a costs consultant retained to report to the court on the reasonableness of the fees in the case, but says its commission should not take a hit as a result because the misconduct occurred after the litigation settled against Banksia’s trustee for $64 million.

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Administrators for fashion retailer PAS Group lose battle with landlords over rent
Restructuring & Insolvency 2020-07-24 11:04 pm By Christine Caulfield

Administrators for The PAS Group have failed in their bid to have almost $1.4M in rent declared an unsecured debt in the event the fashion retailer goes into liquidation amid the coronavirus pandemic.

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Norbrook appeals approval of Bayer’s animal antiseptic patent
Appeals 2020-07-24 10:45 pm By Cat Fredenburgh

Veterinary pharmaceutical company Norbrook Laboratories has filed court proceedings after a delegate of IP Australia tossed its opposition to a patent by Bayer New Zealand for a bovine antiseptic treatment.

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ACCC denies acting on JPMorgan advice when sending cartel case to CDPP
Competition & Consumer Protection 2020-07-24 10:10 pm By Miklos Bolza

A senior officer from the ACCC has rejected claims that the regulator took legal advice from immunity applicant JPMorgan before launching its high profile criminal cartel case against ANZ, Citigroup and Deutsche Bank.

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AMP’s life insurance arm hit with class action over ‘inflated’ insurance policies
Class Actions 2020-07-24 9:08 pm By Christine Caulfield

AMP Life has been hit with a class action alleging its financial representatives pushed inflated insurance policies onto 100,000 customers while knowing that better policies could be found through other providers.

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