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RMBL exec told class members he hoped they would opt out of case, court told
Class Actions 2019-07-30 7:39 pm By Amelia Birnie

Customers of mortgage lending and investment firm RMBL say they were “shocked” when the company’s chief financial officer allegedly called them to say “he hoped” they would opt out of an excessive fees class action that had been filed against the firm.

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Icon sues insurers for $11M in coverage for Opal Tower saga
Insurance 2019-07-30 7:16 pm By Miklos Bolza

Construction group Icon Co has dragged insurers Liberty Mutual Insurance and QBE Underwriting to court for allegedly refusing to provide coverage after the Opal Tower disaster in December last year, which led to thousands of residents being evacuated.

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NRL says Telstra wanted ‘tough action’ following player scandals
Employment 2019-07-30 6:48 pm By Amelia Birnie

The National Rugby League has revealed major sponsor Telstra demanded “tough action” after the so-called “Summer of Hell” of player scandals, as it attempts to defend its no fault stand-down rule in an appeal launched by Dragons player Jack de Belin challenging his suspension.

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Ex-Tennis Australia’s Harold Mitchell wants ASIC’s evidence from deceased former director
ASIC 2019-07-30 2:03 pm By Cat Fredenburgh

Ex-Tennis Australia director Harold Mitchell, facing enforcement action by ASIC alleging he breached his duties in awarding Australian Open broadcast rights to the Seven Network, has asked a court for all evidence the regulator obtained from former board member Graeme Holloway, who died in February.

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Stock exchange must hand over docs after investment firm’s suspension
Securities 2019-07-29 10:41 pm By Cat Fredenburgh

A judge has given the all-clear to an investment management company to access evidence for potential legal action against the National Stock Exchange of Australia after the firm’s shares were suspended without warning or explanation.

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Coles claim for $40M in refunds for lost fuel ‘completely unreal’, ATO tells court
Tax 2019-07-29 9:07 pm By Christine Caulfield

A claim by Coles for $40 million in tax credits for fuel that evaporates or leaks from the 3,000 tanks at its service stations — based on an argument that the company buys extra fuel to account for the loss — is “completely unreal”, a lawyer for the tax office told a court Monday.

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Judge discontinues Queensland legal fees class action
Class Actions 2019-07-29 2:51 pm By Amelia Birnie

A judge has discontinued a class action brought against a Queensland law firm over allegedly non-compliant conditional costs agreements, after finding no evidence that anyone other than the lead plaintiff was interested in bringing a claim.

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Ex-MP Emma Husar reaches settlement in defamation case against Buzzfeed
Defamation 2019-07-29 11:08 am By Amelia Birnie

Former Labor MP Emma Husar has settled her defamation case against online media outlet Buzzfeed, following eight months of litigation over an article the ex-politician claimed implied she was a slut and accused her of sexual harassment and bullying.

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Employment class action against Airservices grounded after ‘fatal’ judgment
Employment 2019-07-26 9:55 pm By Miklos Bolza

A class action against the Federal Government’s Airservices has been dismissed after a “fatal” ruling that group members were not covered by enterprise agreements they argued had better terms than their own individually negotiated contracts.

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AMP taken by surprise by ASIC’s claim of 120 breaches in insurance churn case
Financial Services 2019-07-26 9:45 pm By Amelia Birnie

AMP Financial Planning has attempted to qualify its admission to so-called insurance churn allegations by the corporate watchdog, suggesting it might not have admitted to “all contraventions” if it had known ASIC would push for up to 120 separate breaches and $36 million in penalties.

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