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ANZ, Westpac to face class actions over ‘junk’ insurance
Slater and Gordon is planning class actions against ANZ and Westpac over allegedly worthless insurance, fresh off of winning a $49.5 million settlement in a junk insurance class action against the National Australia Bank.
Judge joins two Lendlease class actions, wants one law firm to bow out
A judge has consolidated competing shareholder class actions against builder Lendlease brought by rival plaintiffs law firms, but has rejected the firms' bid to jointly run the litigation and says one of them must go.
Robodebt class action filed as DHS drops key plank of debt recovery scheme
A class action against the Federal Government alleging its Centrelink robodebt scheme is illegal was filed this week, as the Department of Human Services announced it would halt recovery of most debts under the scheme.
Full Federal Court gets chance to weigh in on market-based causation
Shareholders have appealed a ruling that found a "serious problem" with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
Johnson & Johnson loses pelvic mesh class action in landmark ruling
Johnson & Johnson did not adequately warn of the risks of its pelvic mesh implants and is liable to pay damages to thousands of Australian women who suffered severe injuries from the devices, a judge has ruled in a long awaited decision in a class action launched more than seven years ago.
Arrium liquidators can’t stop shareholders from grilling exec for possible class action
Shareholders of collapsed steel and mining giant Arrium have won the OK to question a one-time director over possible class action claims that former officers misled the market and that auditor KPMG was negligent in preparing a healthy financial report just two years before the company went under.
NAB reaches $49.5M settlement in ‘junk’ insurance class action
The National Australia Bank and insurer MLC have agreed to pay $49.5 million to settle a class action over allegedly worthless credit card insurance.
Thiess appeals class action ruling over unpaid wages for bussing to work
Mining services company Thiess is challenging a ruling in a class action that put it on the hook for paying workers for time spent bussing to and from their work stations at a construction site on Woodside Energy's Pilbara-based LNG processing plant.
Funder won’t fight court’s power to vary class action commission
Whether judges can alter the terms of litigation funding agreements in class actions is a question that will remain unsettled for now, after litigation funder IMF Bentham chose to sidestep a lengthy, costly and risky challenge to the reach of the court's powers.
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.