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