ANZ banks big win in class action fees battle

Original article by Katie Walsh, Clancy Yeates
The Australian Financial Review – Page: 17 & 22 : 9-Apr-15

Law firm Maurice Blackburn may launch a High Court appeal against the Federal Court’s rejection of a class-action lawsuit against the ANZ Bank. The case centred on the question of whether bank fees were excessive, with more than 43,000 ANZ customers participating in the class action. Other major banks are subject to separate class actions over bank fees, with about 180,000 customers in all taking part

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MAURICE BLACKBURN PTY LTD, FEDERAL COURT OF AUSTRALIA, HIGH COURT OF AUSTRALIA, IMF BENTHAM LIMITED – ASX IMF, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, JONES DAY, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BABCOCK AND BROWN LIMITED, KING AND WOOD MALLESONS

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