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AUSTRAC, Westpac still locked in settlement negotiations, court hears
Westpac is still locked in mediation with AUSTRAC over allegations that it committed over 23 million breaches of anti-money laundering and counter-terrorism financing laws, with the bank's hopes of moving to a penalty hearing in the early part of the year fading.
Group members to get policy cancellation info in NAB insurance class action settlement
A judge overseeing a class action against National Australia Bank over ‘junk insurance’ has ordered that potential group members be given information about cancelling the policies, but not before taking the applicants to task for not having the polices automatically cancelled as part of the $49.5 million settlement.
Santos settles class action over unpaid travel allowances
Oil and gas giant Santos has settled a class action brought by a group of Indigenous Australians who claim they were misled about their entitlement to receive certain travel allowances while working as casual cultural heritage monitors for the company.
Court tosses opposition to SARB patent application for parking overstay detector
A judge has dismissed an opposition by tech company Vehicle Management Systems to a patent application by rival SARB Management Group for an integrated magnetic parking overstay detector.
COVID-19 class actions on the horizon, expert says
The COVID-19 pandemic has opened the door to a host of potential class actions involving claims of government negligence, employment law, product liability and consumer law, one legal expert has said.
Gadens faces lawsuit by director of Modscape for ‘malicious’ letter to building regulator
Law firm Gadens and partner Andrew Denehy have been hit with a lawsuit by the director of Modscape alleging a letter to the Victorian Building Authority questioning the financial probity of the director and the design company was false and malicious.
Canberra developers settle apartment owners’ class action over $6.3M in GST
The developers behind the Governor Place residential complex in Canberra have reached a settlement in a class action by aparment owners seeking $6.3 million in GST payments on their units.
Ex-Storm Financial directors lose appeal, Full Court finds they breached their duties
The former directors of defunct financial advisory firm Storm Financial have failed in their appeal of a ruling that found they breached their duties to eleven vulnerable investors by providing a one-size-fits-all model of investment advice that was inappropriate.
Lawyers poised for rise in COVID-19-related workers comp claims
As the number of cases of coronavirus continues to rise and more people work from home, lawyers are predicting a jump in workers’ compensation claims, with 57 claims or notifications already lodged in NSW.
Commonwealth Bank’s gripe with alleged whistleblower’s discovery bid ‘ridiculous’, judge says
A judge has criticised as "meretricious" and "ridiculous" opposition by Commonwealth Bank of Australia to a discovery application by a former general manager who claims he lost his job for blowing the whistle on alleged manipulation of staff bonuses.