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MLC Super class action settles for $64.25M
Financial Services 2024-12-06 12:54 pm By Cindy Cameronne

A class action on behalf of 330,000 super members has settled against the trustees of the MLC Super fund, just days after another superannuation class action flopped.

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Clients of Sydney fraudster Melissa Caddick settle class action
Settlement 2024-12-06 3:37 pm By Cindy Cameronne

A class action brought by former clients of Melissa Caddick, who were defrauded out of $23 million, have settled their claims against a group of SMSF auditors.

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IG Markets class action may drop conflicted remuneration claims
Class Actions 2024-12-06 11:38 pm By Cindy Cameronne

A class action against online trading platform IG Markets over alleged risky contracts for difference may drop its conflicted remuneration claims after struggling to find a sample group member.

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‘Risks in every case’: Judge questions contingency fee in IAG class action
Insurance 2024-12-05 4:19 pm By Cindy Cameronne

A judge has questioned a contingency fee bid by Slater & Gordon in a class action against Insurance Australia, saying the risks of the case were inherent to almost every class action.

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RAMS franchisees call out ‘old school litigation’ in class action
Franchises 2024-12-05 3:41 pm By Sam Matthews

RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.

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Judge boots Queensland energy class action, says ‘profit maximisation’ not unlawful
Class Actions 2024-12-04 12:02 pm By Cindy Cameronne

A competition class action against Stanwell and CS Energy has been tossed, with a judge finding the power companies’ conduct was legitimate “profit maximisation behaviour”. 

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Nuix class action judge rejects bid to close shareholder class action up to trial
Class Actions 2024-12-04 11:19 pm By Andy Sidler

A judge has made a class closure order in a shareholder case against software company Nuix and underwriter Macquarie Capital, but rejected a bid to keep the order in operation until trial.

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NAB super trustee free to use $165M fees ‘as it saw fit’, class action judge says
Class Actions 2024-12-03 4:32 pm By Cindy Cameronne

In the latest class action loss, a judge has said that $165 million in fees charged to members by NAB super fund trustee NULIS Nominees was corporate revenue “with which it was free to deal as it saw fit”.

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In class action defence, Toyota says ‘defeat device’ used to protect engines
Competition & Consumer Protection 2024-12-03 11:47 pm By Andy Sidler

Toyota has denied a class action’s claims that devices installed in its vehicles were intended to cheat emissions tests, maintaining that they were designed to protect engines from damage.

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Class action against NAB super fund trustee fails
Class Actions 2024-12-02 11:24 pm By Christine Caulfield

A class action against NAB unit NULIS Nominees over adviser fees charged to superannuation fund members should be dismissed, a judge has found.

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