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Lawyer to seek ‘no adverse costs’ order in cartel class action against Facebook, Google
Competition & Consumer Protection 2021-06-18 3:05 pm By Miklos Bolza

The self-represented lawyer behind a $1 billion class action against Facebook and Google over a cryptocurrency ad ban has said he will bring the first “no adverse costs” application to be heard by the Federal Court under the Competition and Consumer Act.

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Ben Roberts-Smith accused of ‘inventing stories’ on second day of cross-examination
Defamation 2021-06-18 2:45 pm By Cindy Cameronne

Ben Roberts-Smith has been accused of “inventing stories” to conceal facts that would support publisher Fairfax’s version of events concerning war crimes allegedly committed by the former SAS soldier in Afghanistan.

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ASIC’s proposed $40M fee disclosure penalty ‘manifestly excessive’, NAB tells court
Financial Services 2021-06-18 10:08 pm By Christine Caulfield

National Australia Bank has urged a court to impose a $15 million penalty for its five-year failure to adequately disclose its adviser fees, and has argued ASIC’s push for a steeper penalty goes too far.

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AMP launches bid to declass excessive insurance class action
Class Actions 2021-06-18 12:03 pm By Miklos Bolza

AMP and a number of its financial planning subsidiaries have launched a bid to declass a group proceeding jointly run by Piper Alderman and Shine Lawyers over allegedly excessive insurance premiums.

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Google can’t escape publisher finding in defamation win by gangland lawyer
Appeals 2021-06-17 11:34 pm By Christine Caulfield

Google has lost its challenge to a ruling that it pay a Melbourne gangland lawyer $40,000 for the results of an internet search that included a link to a defamatory article, with an appeals court affirming the search engine giant was a publisher of the results.

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ASIC defends handling of Nuix prospectus ahead of disastrous IPO
Securities 2021-06-18 2:35 pm By Christine Caulfield

The Australian Securities and Investments Commission’s new chair Joseph Longo has defended his team’s work in reviewing the Nuix prospectus before the embattled tech company’s $2.9 billion float late last year.

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Ben Roberts-Smith tells court another soldier shot at unarmed Afghan man first
Trials 2021-06-17 9:49 pm By Cindy Cameronne

Accused war criminal Ben Roberts-Smith has told a court it was “more than reasonable” for him to assume an unarmed Afghan man was a hostile insurgent because he saw another soldier shoot at the man first.

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High Court denies David Leyonhjelm’s bid to appeal $120,000 defamation award to Sarah Hanson-Young
High Court 2021-06-17 3:21 pm By Cat Fredenburgh

The High Court has denied a request from former senator David Leyonhjelm to challenge a ruling ordering him to pay $120,000 to Greens senator Sarah Hanson-Young for defaming her with “crass” and “obviously sexist” comments made in a series of interviews in 2018.

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Senator blasts ASIC for failing to investigate ‘catastrophic’ Nuix float
Class Actions 2021-06-17 10:41 pm By Cat Fredenburgh

Labor Senator Deborah O’Neill has taken a swing at ASIC commissioner and former Macquarie general counsel Cathie Armour for failing to act on concerns raised prior to the $2.9 billion IPO of embattled technology company Nuix, which led to a $580 million payday for shareholder Macquarie.

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ACCC seeks $1.2M penalty against Sumo Power for pricing bait and switch
Competition & Consumer Protection 2021-06-17 3:00 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission is seeking a $1.2 million penalty against Victorian electric utility Sumo Power for luring customers with the promise of discounts and low rates only to jack up their prices months later.

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