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Judge tells AMP units to cooperate in superannuation class action
A judge overseeing a consolidated class action against four AMP subsidiaries and two trustees over allegedly excessive superannuation fees has ordered the respondents to coordinate after the lead applicants raised concerns about duplication of work.
‘Only I get to use Latin’: Unconscionable conduct claim is in, ‘inter alia’ is out in Suncorp class action
The judge overseeing a conflicted remuneration class action against Suncorp has allowed the class to bring an unconscionable conduct claim, but put the kibosh on the plaintiff's use of the phrase 'inter alia,' saying "only I get to use Latin".
De-classing threat revived as 3A Composites slams ‘simply shambolic’ combustible cladding action
German cladding manufacturer 3A Composites has again threatened to call for the de-classing of a class action brought over allegedly combustible cladding, slamming the case against it as "simply shambolic" and the conduct of the applicant as "utterly irresponsible".
NAB says ‘significant’ penalties loom over money laundering breaches
The National Australia Bank faces the prospect of "significant monetary penalties" after self-reporting a potentially large number of money laundering and counter terrorism financing breaches to AUSTRAC and its overseas counterparts.
ASIC wins admissions from NAB in $100M fees for no service case
A hearing scheduled for next year in the Australian Securities and Investments Commission's case against two NAB wealth management units will focus solely on how steep a penalty the bank should face after it made admissions about its fees for no service conduct.
‘Fundamental misapprehensions’: Suncorp strikes back at class action over conflicted remuneration
The Suncorp Group unit and directors at the centre of a class action over allegedly conflicted remuneration have slammed the case as "misconceived" and argue it was not validly commenced.
Sacked HWL Ebsworth lawyer fights to revive unfair dismissal case
A former HWL Ebsworth special counsel has appealed a ruling that tossed his unlawful dismissal case against the firm as "trivial" and "wholly unrealistic".
NAB to set aside another $1.2B for post Hayne customer refunds
National Australia Bank is setting aside a further $1.18 billion to compensate customers for dodgy adviser service fees, consumer credit insurance sales, and non-compliant advice.
3A Composites issues ultimatum in combustible cladding class action
German-based 3A Composites has issued an ultimatum in the high-stakes combustible cladding class action against it, saying it will try to shut down the matter as a representative proceeding if group member registration and opt out are not initiated.
Property developer Ralan Group faces potential class action over collapse
William Roberts Lawyers and a litigation funder are investigating potential claims by property purchasers and investors against Ralan Group after the developer entered administration and creditors were warned to "prepare for a poor outcome".