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High Court to hear challenge to common fund orders in class actions
Appeals May 15, 2019 12:19 pm By Christine Caulfield

The High Court has granted applications by Westpac and BMW to weigh in on the validity of common fund orders made in class actions, a […]

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‘Loose with the truth’ broker wins High Court challenge to ASIC ban
Appeals May 15, 2019 4:32 pm By Miklos Bolza

The High Court has upheld an appeal by a mortgage broker with a history of run-ins with the law, finding that the Administrative Appeals Tribunal […]

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Class actions still loom as ASIC drops probe into Blue Sky
Class Actions May 15, 2019 9:28 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has dropped its probe into Blue Sky over possible violations of its continuous disclosure obligations, but the fund manager […]

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Ex-Babcock & Brown execs dodge case over botched $1.4B acquisition
Corporate May 14, 2019 10:00 pm By Christine Caulfield

A court has dismissed a long-running case against defunct Babcock & Brown executives by a private investment fund over a botched $1.4B acquisition of the […]

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APRA ordered to hand over ASIC chats about IOOF exec
Financial Services May 14, 2019 9:06 pm By Amelia Birnie

APRA has been ordered to hand over all of its correspondence with fellow regulator ASIC relating to former IOOF chairman George Venardos, as he prepares […]

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$6M class action settlement is one claim under insurance policy, Bank of Queensland says
Class Actions May 14, 2019 8:52 pm By Miklos Bolza

The Bank of Queensland has criticised a judgment which found the bank’s insurance policy left it on the hook for a $6 million settlement of […]

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Court tosses Ponzi scheme investor’s $75M claim against liquidator Grant Thornton
Restructuring & Insolvency May 14, 2019 9:29 pm By Amelia Birnie

A court has thrown out a $75 million compensation claim filed by an investor in a Ponzi scheme alleging liquidator Grant Thornton Australia and its […]

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Trial in Fitch Ratings class action delayed a second time
Class Actions May 13, 2019 10:43 pm By Christine Caulfield

A battle over expert evidence in an invester class action against Fitch Ratings has delayed this month’s scheduled trial in the case by three months […]

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Judge shoots down ASIC’s ‘amorphous’ request for inquiry into liquidators
Restructuring & Insolvency May 10, 2019 3:24 pm By Miklos Bolza

A judge has dismissed an application by the Australian Securities and Investments Commission to investigate two Sydney-based liquidators, saying the regulator had failed to prove […]

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Judge sides with ASIC, finds insolvent hedge fund Goldsky operated without a licence
Restructuring & Insolvency May 9, 2019 6:16 pm By Miklos Bolza

A judge has found embattled hedge fund Goldsky breached the Corporations Act by providing financial services in Australia without a licence. In a judgment handed […]

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