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ACCC pressured ASIC to drop investigation into JPMorgan, court hears
Competition & Consumer Protection 2021-12-01 8:57 pm By Cindy Cameronne

A senior ACCC officer tried to dissuade ASIC from investigating alleged insider trading by JPMorgan because of fears it would “upset” the competition regulator’s criminal cartel case over a $2.5 billion ANZ share placement, a court has heard.

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Class action targets Morrison government over white spot disease outbreak
Class Actions 2021-12-01 10:19 am By Cindy Cameronne

The federal government is facing a class action over alleged biosecurity breaches that led to the 2016 outbreak of white spot disease in South-East Queensland, which decimated the region’s commercial prawn industry.

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ANZ faces new class action over retrospective interest on credit cards
Financial Services 2021-11-30 4:31 pm By Cindy Cameronne

The Australia and New Zealand Banking Group has been hit with a class action for having “unfair” terms in its credit card contracts that allegedly gave the bank the right to charge account holders retrospective interest.

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PwC strikes back in class action over $50M Axsesstoday prospectus
Class Actions 2021-11-30 6:30 pm By Cindy Cameronne

Professional services giant PricewaterhouseCoopers has hit back at a class action over a $50 million prospectus for Axsesstoday, filing a cross-claim against the asset finance lender and saying it “takes no responsibility” for allegedly defective offer documents.

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Google tells court consumer law doesn’t help users who don’t help themselves
Competition & Consumer Protection 2021-11-29 9:32 pm By Cindy Cameronne

Google has hit back at the ACCC’s case accusing it of misleading users about a change to its privacy policy, saying laws against misleading and deceptive conduct do not apply to those who did not read the notification about the change.

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Vina Money Transfer to plead guilty in criminal cartel case
Competition & Consumer Protection 2021-11-29 10:09 pm By Cindy Cameronne

Money transfer business Vina Money Transfer and two of five individuals accused of fixing foreign exchange rates on millions of dollars transferred between Australia and Vietnam will plead guilty to criminal cartel charges, a court has heard.

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Group costs order not ‘appropriate or necessary’ in G8 shareholder class action, court told
Fiona Forsyth 2021-11-26 9:53 pm By Cindy Cameronne

A judge hearing the second ever application for a group costs order in a shareholder class action against early childhood education provider G8 Education has heard she should reject the request because it is not “appropriate or necessary” to ensure justice in the proceeding.

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‘Not a shred of evidence’: Judge questions appeal in HWL Ebsworth negligence suit
Appeals 2021-11-25 9:31 pm By Cindy Cameronne

A judge has questioned property developer PPK Group’s challenge to the dismissal of its long-running negligence case against HWL Ebsworth over the $25.5 million sale of Crown-owned land in Sydney.

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Peter Dutton wins $35,000 in defamation damages over ‘rape apologist’ tweet
Defamation 2021-11-24 1:21 pm By Cindy Cameronne

Defence minister Peter Dutton has won $35,000 in damages in a defamation case over a tweet accusing him of being a rape apologist, with a judge finding the tweet conveyed that the minister “excuses rape”.

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Ashurst snags restructuring ace from Norton Rose Fulbright
Restructuring & Insolvency 2021-11-24 2:10 pm By Cindy Cameronne

Ashurst has picked up a leading insolvency partner from Norton Rose Fulbright who advised on the restructure of the beleagured Arrium Group.

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