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ACCC takes Facebook owner to court over scam celebrity cryptocurrency ads
Competition & Consumer Protection 2022-03-18 11:45 am By Cat Fredenburgh

The consumer regulator has initiated court proceedings alleging Facebook technology allowed scam cryptocurrency ads featuring celebrities to target susceptible users and that the social media […]

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‘This is nuts’: Judge torpedoes notice in Tyro class action while fight over group definition plays out
Class Actions 2022-03-17 3:32 pm By Sam Matthews

Calling it the “elephant in the room”, a judge overseeing a class action against Tyro over a major EFTPOS outage last year has said a […]

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‘Dangerous nature of loan’ enough to find lenders acted unconscionably, High Court says
Financial Services 2022-03-17 10:01 pm By Miklos Bolza

The High Court has found that three asset-based lenders behaved unconscionably when they enforced thir rights under a $1.2 million loan made to a vulnerable […]

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Mayfair’s James Mawhinney wants reprieve from ASIC’s contempt case
Financial Services 2022-03-17 4:14 pm By Cindy Cameronne

Mayfair 101 director James Mawhinney has sought a temporary stay of ASIC’s case accusing him of being in contempt of court for allegedly breaching a […]

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AFCA lacked impartiality in decision against IronFX, court rules
Financial Services 2022-03-17 10:16 pm By Cindy Cameronne

Online trading platform IronFX has won its action against the Australian Financial Complaints Authority over a finding it wrongfully caused an 83 year-old French resident […]

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Judge shoots down damages questions for initial trial in NAB super class action
Class Actions 2022-03-16 2:18 pm By Miklos Bolza

A judge hearing a superannuation class action against NAB unit NULIS Nominees will not determine the correct approach for calculating damages at an initial trial […]

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ASIC’s penalty against Squirrel Super ‘might be a bit light on’, court says
Financial Services 2022-03-15 3:15 pm By Sam Matthews

A judge has questioned the $55,000 penalty jointly proposed by the parties in ASIC’s case against fintech company Squirrel Super over misleading statements about returns […]

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Cryptocurrency class action faces knockout bid
Class Actions 2022-03-14 11:38 am By Sam Matthews

The issuer of Gold Coast-based cryptocurrency Qoin has asked a court to throw out a class action alleging breaches of the ASIC Act and Australian […]

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Court won’t let class action parties pay for judge to travel for Sydney trial
Class Actions 2022-03-10 3:41 pm By Christine Caulfield

The Federal Court won’t permit a Melbourne-based judge to travel to Sydney on the dime of the parties in a class action against wealth management […]

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Westpac stalls on extradition of Forum Finance’s Bill Papas
White Collar 2022-03-10 5:17 pm By Miklos Bolza

Westpac has yet to commence extradition proceedings against Forum Finance director Bill Papas due to concerns that the alleged fraudster may face only contempt charges […]

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