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Banks can’t suppress judgment on defective indictment in ANZ cartel case
Competition & Consumer Protection 2021-07-12 1:05 pm By Christine Caulfield

Investment banks accused in the criminal cartel case over a $2.5 billion ANZ share placement will not lose their right to a fair trial with the release of a judgment finding the prosecutors’ indictment deficient, a judge has ruled.

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Christian Porter says no superior public interest in airing ABC’s defamation defence
Defamation 2021-07-09 7:15 pm By Cindy Cameronne

Media companies seeking access to the ABC’s unredacted defence in a now-settled defamation case brought by Christian Porter told a judge the principle of open justice required that the pleading be made public, while the former attorney-general argued there was no “superior” public interest in airing the document.

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‘Pretty embarrassing’: Teen frowns on government’s appeal of victory in climate change class action
Appeals 2021-07-09 3:39 pm By Bianca Hrovat

The Federal Minister for the Environment has announced plans to appeal a Federal Court judgment that found the government has a duty of care to protect Australian children from the impacts of climate change. 

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Forum Finance placed in liquidation, with ‘peripatetic’ director still abroad
Financial Services 2021-07-09 3:15 pm By Miklos Bolza

The Federal Court has ordered the winding up of Forum Finance, which has been accused by Westpac and French investment bank Societe Generale of a $263 million fraud, as details of the company’s jetsetting director’s planned return to Australia from Europe remain murky.

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Barilaro plans ‘wholesale attack’ on Youtuber Jordan Shanks’ truth defence
Defamation 2021-07-09 2:47 pm By Cat Fredenburgh

NSW Deputy Premier John Barilaro will seek to strike out YouTube star Jordan Shanks’ defence to a defamation lawsuit which argues the imputation that the Nationals leader is a “corrupt conman” is substantially true.

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Dixon Advisory to pay $7.2M for violating best interests duty
Zoe Maud 2021-07-09 10:37 am By Cat Fredenburgh

Dixon Advisory has agreed to pay a $7.2 million penalty after admitting to ASIC’s allegations that it failed to act in its clients’ best interests on 53 occasions.

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$23.6M Vocation class action bill might have been ‘materially lower’, judge says
Class Actions 2021-07-23 11:09 pm By Cat Fredenburgh

A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been “materially lower” had the case been run by one funder and firm instead of two.

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Tradie briefs not the ‘Aussiest undies ever’ but made in China, rival says
Competition & Consumer Protection 2021-07-08 9:08 pm By Cat Fredenburgh

The company that manufactures men’s briefs under the brand name Tradie is being sued by a rival, alleging it misled consumers by claiming the underpants were the “Aussiest undies ever”.

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YouTuber Jordan Shanks brings truth defence in defamation case by NSW deputy premier
Defamation 2021-07-08 6:24 pm By Miklos Bolza

YouTube star Jordan Shanks has filed his defence to NSW Deputy Premier John Barilaro’s defamation lawsuit, claiming imputations from one of his videos that the Nationals leader was a “corrupt conman” were substantially true.

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Instagoods takes trade mark fight with Instagram to Federal Court
Intellectual Property 2021-07-08 3:49 pm By Cat Fredenburgh

Retail tech and dating start-up Instagoods has appealed a successful challenge of its Instadate trade mark registration by social media giant Instagram.

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