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Cash Converters pays $650,000 for breaking debt collection rules
Competition & Consumer Protection 2018-05-24 5:18 pm By Miklos Bolza

Cash Converters has agreed to pay $650,000 in a settlement with ASIC after the regulator found the retail pawnbroker routinely breached guidelines governing debt collection.

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Westpac’s conduct ‘unconscionable’, but no BBSW rate-rigging, judge says
Financial Services 2018-05-24 3:51 pm By Christine Caulfield

Westpac Banking Corp. engaged in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, a Federal Court judge ruled Thursday.

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Aristocrat wants to sue gaming rival for stealing poker machine idea
Intellectual Property 2018-05-24 3:06 pm By Miklos Bolza

Gaming giant Aristocrat has commenced legal action against rival Ainsworth, claiming a “controversial” game designer used confidential information to develop a competing slot machine.

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Judge denies bid to axe claim against lawyer in Deep Investments case
Securities 2018-05-23 11:00 pm By Cat Fredenburgh

A solicitor caught up in a lawsuit over alleged share trading losses has lost his bid to have misleading and deceptive conduct claims brought against him dropped.

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Corrs Chambers joins Ford class action amid Bannister’s funder feud
Class Actions 2018-05-23 10:18 pm By Christine Caulfield

Three weeks after a court heard Bannister Law could be forced off a massive class action against Ford, Corrs Chambers Westgarth has joined the case to jointly act for the lead applicants.

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Telstra’s ‘Unlimited’ ad campaign misleading, court rules
Telecommunications 2018-05-23 6:25 pm By Miklos Bolza

Telstra has engaged in misleading and deceptive conduct and breached the Australian Consumer Law with its ‘Unlimited’ advertising campaign, a judge ruled Wednesday.

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Robbie Waterhouse’s defamation case against Fairfax heads to mediation
Defamation 2018-05-23 5:41 pm By Miklos Bolza

A defamation case by the husband of racing legend Gai Waterhouse against Fairfax Media alleging a Sydney Morning Herald article damaged his reputation has been ordered into mediation by the Federal Court.

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Class actions over Willmott Forests scheme collapse wrap up
Class Actions 2018-05-23 5:17 pm By Christine Caulfield

Class actions brought by victims of the failed Willmott Forests managed investment scheme have come to a close, two years after a judge issued a stunning ruling rejecting an initial settlement as favoring clients of M&K Lawyers over other investors, and including payment of a hefty legal bill.

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Judge sets date for opposing bovine gene patent changes
Intellectual Property 2018-05-23 12:40 pm By Cat Fredenburgh

The judge overseeing a case brought by Meat & Livestock Australia over a bovine gene patent has given parties until July 5 to oppose changes to the patent, held by Cargill and Branhaven, after an earlier ruling invalidated the patent. 

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Optus fined $1.5M for misleading customers about NBN transition
Competition & Consumer Protection 2018-05-23 11:38 am By Cat Fredenburgh

Telecom giant Optus has been ordered to pay a $1.5 million penalty for misleading customers about the transition to the National Broadband Network.

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