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Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a "concerted campaign" that lasted two years.
Virtus ‘author of its own fate’ if Adora acquisition fails, judge says
IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.
US bank boss launches defamation case against 60 Minutes over $100M tax fraud claims
The CEO and founder of Euro Pacific Bank, Peter Schiff, has launched a defamation lawsuit against the Nine Network over a 60 Minutes episode that allegedly implied he “facilitated the theft of millions of dollars from the Australian people” by assisting customers to commit offshore tax fraud.
Christian Porter dodges committee examination of secret donations
The federal government has shot down a Labor push for the privileges committee to examine former Attorney-General Christian Porter after he refused to reveal information about an anonymous donor that covered a portion of his costs in defamation proceedings against the ABC.
‘BS free’ makeup brand MCoBeauty accused of lying to consumers
The manufacturer of the popular 1000Hour Lash & Brow Dye has accused “luxe-for-less” cosmetics company MCoBeauty of infringing its trade mark with its new 2000 Hour Lash & Brow Tint and misrepresenting to consumers that the product lasts twice as long.
Companies can’t block ATO’s grilling of disgraced accountant Vanda Gould
Three companies operated by convicted accountant Vanda Gould have failed again to block further cross examination of Gould by the Commissioner of Taxation in a number of tax appeals in the Federal Court.
Class action firms circle Star following $1B share price plunge
Star Entertainment Group is facing two possible shareholder class actions over alleged failures in the management of its anti-money laundering and counterterrorism financing risks.
Judges should have no say in coal mine approvals, Morrison government says in class action appeal
Approving coal mine projects is not the business of courts, the Morrison government has argued in its challenge to a landmark class action judgment that found it had a duty of care to protect Australian children from the effects of climate change.
AMP wins bid to shield emails in $35.5M poaching dispute
Software company DST Bluedoor has lost its bid to access communications between its former founding director and AMP in a $35.5 million lawsuit accusing the financial services company of inducing 11 DST employees to jump ship after licensing its online platform.
Settlement talks fail in Pitcher Partners, Arnold Bloch Leibler class actions
Two class actions against Pitcher Partners and Arnold Bloch Leibler over advice given ahead of Slater & Gordon's disastrous $1.2 billion Quindell acquisition will proceed to trial next month after mediation between the parties failed to resolve the cases.