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Radio Rentals class can peek at excess insurance, as court hears claim may exceed $100M
The applicants in the Radio Rentals class action have won access to the company’s excess layer insurance policies, amid concerns that group members’ losses from the allegedly misleading ‘Rent, Try, $1 Buy’ program could surpass $100 million.
Judge puts brakes on early class closure bid in breast implant class action
A judge has warned the parties in The Cosmetic Institute class action over allegedly botched breast implants to ensure group members’ rights are prioritised, following a push for an early class closure amid doctor-patient confidentiality concerns.
Court approves $1.2M settlement in recycling plant fire class action
The Supreme Court of Victoria has signed off on a $1.2 million settlement of a class action brought on behalf of hundreds of residents and businesses that allegedly suffered loss or injury in a 2017 fire at the Coolaroo recycling plant in Victoria.
Toyota hit with class action over allegedly faulty diesel filters
Car giant Toyota is facing a class action seeking compensation on behalf of around 250,000 vehicle owners who allegedly suffered loss from faulty diesel filters in the automaker's Hilux, Fortuner and Prado diesel model cars.
ASIC ‘plucking numbers out of the air’ in penalty hearing for Vocation execs, court told
Lawyers for former Vocation CEO Mark Hutchinson say the corporate regulator is “plucking numbers out of the air” in its bid to secure disqualifications of up to eight years against the former executives who breached their directors’ duties in relation to the collapsed education provider.
Judge says shareholder class action against Brambles ‘taking too long’
A judge overseeing a consolidated shareholder class action against logistics company Brambles has expressed frustration with the parties, who are locked in an unresolved discovery battle three months after his order consolidating the litigation.
Judge rejects ‘arguably excessive’ funder’s commission in KPMG class action
A judge has rejected a proposed common fund order in the settled KPMG class action, saying the funder's commission was "arguably excessive" and could result in a "stratospheric" return to the firm.
RMBL exec told class members he hoped they would opt out of case, court told
Customers of mortgage lending and investment firm RMBL say they were “shocked” when the company’s chief financial officer allegedly called them to say “he hoped” they would opt out of an excessive fees class action that had been filed against the firm.
Government to introduce ban on grandfathered commissions
The Federal Government will introduce legislation Thursday that would ban the grandfathering of conflicted remuneration for financial advisors, after the banking royal commission suggested scrapping the practice.
Opal Tower unit owners launch multi-million dollar class action
A class action has been filed against a NSW state government-controlled entity over Sydney’s scandal-plagued Opal Tower, in a claim that is expected to seek millions of dollars of compensation on behalf of hundreds of apartment owners.