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Court to probe if 7-Eleven class action funder, law firm had deferred fee arrangement
A marathon hearing of an application for court approval of a $98 million settlement in two 7-Eleven class actions has ended with a judge taking the rare step of signing off on the settlement amount while withholding approval of the legal costs and funding commission.
PwC can’t ‘rout’ documents through ‘postbox’ lawyer to secure privilege, court finds
Advice from non-lawyers and "routed" through a legal practitioner at multidisciplinary partnership PricewaterhouseCoopers cannot be shielded under legal professional privilege, the Federal Court has found.
Citigroup facing $300,000 lawsuit over alleged conflicted financial advice
A Citigroup customer has hit the bank with a lawsuit alleging it gave her conflicted financial advice to invest most of her savings in “risky” products, despite being an inexperienced investor with limited funds.
Victorian gambling regulator takes disciplinary action against Crown Melbourne
The Victorian Gambling and Casino Control Commission has commenced disciplinary proceedings against Crown Melbourne after a royal commission found the casino operator enabled the illegal transfer of funds from China.
ACCC drops investigation into Qantas’ Alliance stake
The ACCC has ended its three-year investigation into Qantas Airways' 19.9 per cent stake in 'fly in fly out' airline Alliance Aviation without enforcement action.
Treasury Wine Estates’ ‘fishing’ claim against class action firms falls flat
Law firms accused of “fishing for a case” in a consolidated shareholder class action against Treasury Wine Estates have won access to key financial information in reports to the company’s board, with a registrar finding the material was relevant to the case.
Judge takes ‘wait and see’ approach to trial in Epic cases against Apple, Google
A judge has held off selecting from a "basket of imponderables" in determining how he will hear two competition lawsuits by Epic Games against Apple and Google over the removal of the popular multiplayer game Fortnite from the tech giants' online stores.
ASIC takes Macquarie to court after adviser’s $2.9M theft
The corporate regulator has filed court proceedings against Macquarie Bank alleging it failed to monitor third-party withdrawals, leading to a financial adviser's theft of $2.9 million in customer funds.
Nine pays $39,000 to settle defamation case by writer Clementine Ford
Nine-owned Fairfax Media and journalist Tory Maguire have settled a defamation lawsuit brought by feminist writer Clementine Ford over a statement Maguire made referring to “vile and personal attacks” by Ford.
Tokio Marine goes on the offensive, accuses Greensill of fraud
Collapsed supply chain finance company Greensill Capital has been accused of fraudulently obtaining policies from its largest insurer, Japan-based Tokio Marine, which has been dragged into four lawsuits over a trade credit policy issued in 2019.