Court of Appeal rejects ASB Bank's bid to require all claimants to sign up

ASB Bank has already paid customers $8 million to settle with the regulator. (Image: Getty)

Wed, 14 Aug 2024

More than 170,000 customers are now automatically included in a class action against the ASB and ANZ banks after a Court of Appeal ruling.The plaintiffs are seeking the refund of interest on loans, and the ASB bank had argued customers should have to opt in to join the action.But the Court of Appeal panel of president Mark Cooper, Christine French and David Collins said requiring customers to opt in “has the effect of frustrating access to justice by placing unnecessary hurdles in front of those entitled to be members of the representativ...

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