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ACCC wants stay of Garuda appeal as airline refuses to pay $19M fine
The Australian Competition and Consumer Commission is seeking a stay of an appeal by PT Garuda Indonesia while the airline's $19 million fine May for engaging in cartel conduct remains unpaid.
ASIC hits IOOF with extra licence conditions to combat conflicts
The corporate regulator has imposed additional licence conditions on wealth manager IOOF to combat conflicts of interest in the group's business structure revealed by the banking royal commission.
Woolworths class action funder wants up to 35% of any recovery
The funder backing a shareholder class action against Woolworths wants a 35 percent slice of any settlement or judgment in the $100 million case, according to its agreement with the applicants.
‘Hostile, aggressive’: Former AMP general counsel alleges bullying in $2.7M lawsuit
A former AMP general counsel responsible for preparing the financial giant for the banking royal commission has launched a $2.7 million lawsuit alleging "hostile, aggressive and intimidating behaviour" by superiors in response to formal complaints she made about the company's fees for no services practices.
Quintis founder wins unredacted transcripts of ASIC chats with directors
Quintis founder Frank Wilson has won his bid for unredacted transcripts of ASIC examinations with six former directors of the failed sandalwood company.
Toyota points finger at drivers in diesel filter class action
Responding to a class action on behalf of over 250,000 car owners, auto giant Toyota has admitted issues with filters in three of its diesel vehicle models but says drivers who failed to respond to warning lights in their cars could not clam damages for any breaches of quality guarantees.
Judge approves BankSA class action settlement, awards law firm for prep work
A judge has signed off on a settlement of a long-running class action against Westpac unit BankSA, and has ruled the law firm that brought the case has an equitable right to unpaid legal costs for investigating the case before it found a funder.
CBA’s Colonial First State faces another superannuation class action
Commonwealth Bank's wealth management unit Colonial First State has been hit with a second class action in as many days, this one alleging it charged excesssive superannuation fees to fund commissions to financial advisers.
Short seller Bonitas ignores Rural Funds action, threatens defamation lawsuit
Activist US short seller Bonitas Research is refusing to participate in legal action brought in Australia by Rural Funds Group, as it continues to press allegations of fraud, which sent the agricultural fund manager’s share price plummeting.
Courtside with the swift ‘Hammer’ of justice
Justice David Hammerschlag of the NSW Supreme Court has a way with words that readily lends itself to dramatic courtroom headlines. The "Hammer," as he is known, also pulls no punches and is quick with one liners that keep counsel on their toes. Here, Lawyerly looks at some of the recent best moments inside courtroom 7D.