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Former JPMorgan head trader Mark McCabe charged with fraud
White Collar 2023-03-17 3:54 pm By Cindy Cameronne

A former JPMorgan executive has been charged with eight counts of fraud for allegedly misappropriating $940,350 from clients of his defunct companies, Guevara Capital and Online Trading Capital. 

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With ‘hesitation’, judge OKs $300M settlement in J&J class actions
Personal injury 2023-03-16 9:54 am By Cindy Cameronne

A judge has approved a $300 million settlement in two pelvic mesh class actions against Johnson & Johnson and unit Ethicon — the largest settlement in the history of Australian product liability group proceedings — but a $100 million deduction for legal costs has yet to get the greenlight. 

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Boston Scientific’s $105M settlement approved in pelvic mesh class action
Class Actions 2023-03-16 10:11 am By Cindy Cameronne

Boston Scientific’s $105 million settlement of a class action over its pelvic mesh devices has secured court approval, but the costs billed by the law firm running the case will face further scrutiny.

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PFAS class action silk slams upcoming mediation as ‘solemn farce’
Class Actions 2023-03-16 9:57 pm By Cindy Cameronne

A senior barrister acting for a class action over the use of allegedly toxic firefighting foam on military bases has slammed an upcoming mediation as a “solemn farce”, as the federal government has said it will not be ready to commit to a settlement. 

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‘Up for millions’: Bruce Lehrmann faces grilling in court over texts to girlfriend
Defamation 2023-03-16 1:55 pm By Cindy Cameronne

Former Liberal staffer Bruce Lehrmann has faced cross-examination over text messages to his girlfriend in which he said he received legal advice that he could get “millions” if he filed a defamation case against Network Ten over its airing of Brittany Higgins’ rape allegations, a court has heard.

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High Court won’t weigh in on Clive Palmer’s royalties spat with Adani
Appeals 2023-03-16 10:34 pm By Sam Matthews

The High Court has denied Clive Palmer leave to appeal successive court decisions which found his company Mineralogy’s royalties dispute with mining company Adani should be determined through a dispute resolution process rather than in court.

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Tabcorp can access Entain’s legal advice for possible case over NSW pub deal
Gaming 2023-03-15 4:59 pm By Cindy Cameronne

A judge has ordered online bookmaker Entain and the Australian Hotels Association to hand over legal advice concerning their agreement to advertise digital wagering products in NSW pubs so that Tabcorp can decide whether to bring a case. 

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Opal Tower engineer’s status as Icon subcontractor enough for class action indemnity, trial told
Insurance 2023-03-15 4:14 pm By Cindy Cameronne

Opal Tower engineer WSP is battling insurers for builder Icon over coverage for the costs of a class action by residents, telling a court on Wednesday that Icon was liable for alleged structural defects in the building despite having subcontracted the structural design to WSP.

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Settlement in Gunns class action against KPMG, directors wins court OK
Class Actions 2023-03-15 4:29 pm By Christine Caulfield

A judge has approved a confidential settlement in a class action against KPMG and nine former Gunns Plantations directors over the failure of six managed investment schemes for eucalyptus wood in Tasmania.

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Opal Tower class members could do ‘simple arithmetic’, funder says in appeal of cuts to commission
Appeals 2023-03-14 10:25 pm By Sam Matthews

The funder in the Opal Tower class action has appealed a judge’s decision to slash its commission for not disclosing proposed deductions from the settlement sum as percentages, telling the Full Court that group members could do “simple arithmetic”.

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