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Full Court finds class actions are not managed investment schemes
Class Actions 2022-06-16 10:43 am By Cindy Cameronne

In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory […]

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Property guru Sasha Hopkins converted investor funds into crypto assets, ASIC says
Financial Services 2022-06-08 3:05 pm By Sam Matthews

The Australian Securities and Investments Commission has released details of its allegations against embattled property developer Sasha Hopkins, who is the subject of several freezing […]

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Property developer Sasha Hopkins to face ASIC grilling
Real Estate 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team […]

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MIS regime ‘just cannot work’ for class action funding arrangements, court told
Class Actions 2022-05-25 10:46 pm By Christine Caulfield

A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court […]

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Bayer drops challenge over patent extension for contraceptive drug
Intellectual Property 2022-05-09 1:13 pm By Cat Fredenburgh

Bayer has dropped its appeal to a ruling that quashed an extension for its patent covering an oral contraceptive, after the Full Court dealt drug […]

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Crown’s $125M class action settlement wins court approval but no CFO for funder
Class Actions 2022-04-29 1:12 pm By Christine Caulfield

A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese […]

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ASIC loses waiver argument over privileged docs in case against REST
Competition & Consumer Protection 2022-04-29 2:18 pm By Sam Matthews

A judge has panned ASIC’s bid to discover a wide range of privileged communications between super fund REST and various legal advisers, finding the regulator […]

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US shareholders ask court to reject $31M payout for Crown class action funder
Class Actions 2022-04-28 9:35 pm By Christine Caulfield

US institutional shareholders who joined a class action against Crown Resorts that settled on the eve of trial for $125 million are urging the Federal […]

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Westpac slugged with $113M in penalties in six ASIC cases
Financial Services 2022-04-22 3:02 pm By Christine Caulfield

A judge on Friday slugged Westpac with a $40 million penalty for charging advice fees to over 11,800 dead customers in the last of six […]

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Mercedes Benz CEO to hand over docs after dealers decry ‘unsatisfactory’ production
Competition & Consumer Protection 2022-04-22 10:59 pm By Sam Matthews

Mercedes Benz Australia will produce 10,000 pages of documentary evidence alongside material from CEO Florian Seidler, in its fight against a $650 million lawsuit brought […]

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