Australia’s largest ever class-action begins
Edward Machin
,
[w]Court hearings have begun this week in what practitioners are calling the largest class-action in Australian history, with 34,000 bank customers alleging they were illegally charged for late payments and overdrawn accounts.
Kicking off on Monday, the preliminary two-week hearing brings Australia and New Zealand Banking Group (ANZ), one of the region’s largest financial institutions, face-to-face with customers who claim that the fees it imposed should be classed as penalties rather than se
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