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Judge shoots down Colonial First State’s bid for warning in class action opt out notice
Class Actions 2021-11-17 9:29 pm By Bianca Hrovat

A judge has knocked back Colonial First State’s bid to warn around 100,000 group members that even if they opt out of a class action […]

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Judge appoints sample group members in $500M Uber class action
Class Actions 2021-11-15 10:43 am By Miklos Bolza

A judge has appointed seven sample group members in a class action by taxi and hire car drivers against Uber, saying they would provide additional […]

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Law firm would have had onus of proof in Arrium cross-claim defence, judge says
Business of Law 2021-08-19 11:56 pm By Christine Caulfield

Herbert Smith Freehills this week escaped a cross-claim that its advice made it liable for the alleged losses of Arrium’s lenders, but the judge who […]

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Banks lose cases against directors over $2.8B collapse of steel giant Arrium
Restructuring & Insolvency 2021-08-17 12:15 pm By Christine Caulfield

A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he […]

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Bank of Queensland’s small business contracts were unfair, court finds
Financial Services 2021-08-13 5:11 pm By Bianca Hrovat

Small business owners who turned to the Bank of Queensland for financial assistance were subject to unfair contract terms that created a “significant imbalance” in […]

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Westpac confirmed as largest Forum creditor, as administrators near sale of unit
Restructuring & Insolvency 2021-07-21 11:17 pm By Christine Caulfield

Administrators have lined up a buyer for a Forum Group entity, as a first creditors meeting confirms Westpac has the largest claim to any recoveries […]

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Full Court may decide critical question in superannuation class actions
Class Actions 2021-07-20 4:45 pm By Miklos Bolza

The lead applicant in a Maurice Blackburn-led class action against superannuation provider Colonial First State wants the Full Court to determine whether group members still […]

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Westpac wants to block Forum Finance director from leaving Australia
Financial Services 2021-07-20 3:49 pm By Christine Caulfield

With $254 million at stake, Westpac wants a court order blocking the business partner of Forum Group founder Bill Papas from leaving Australia, as Papas […]

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Thorn Group latest lender caught up in alleged Forum Finance fraud
Financial Services 2021-07-19 10:15 pm By Christine Caulfield

Thorn Group is the latest lender ensnared in an alleged $400 million fraud by Forum Finance, with potential funds of up to $2.2 million tied […]

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Forum Group director stuck overseas after testing positive for COVID-19, court hears
Financial Services 2021-07-15 10:01 pm By Miklos Bolza

The director of the Forum Group companies accused of a $360 million fraud involving at least three major banks can’t return to Australia from Greece […]

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