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Law firm wants to use class action list to help group members in Tandem liquidation
Class Actions 2021-11-01 9:05 pm By Miklos Bolza

Shine Lawyers is seeking court permission to use a list of employees provided by collapsed telecommunications contractor Tandem in a stayed class action to assist group members with making claims and recovering losses in the company’s liquidation.

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Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
Competition & Consumer Protection 2021-10-29 9:27 pm By Christine Caulfield

In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank and its group treasurer, Rick Moscati.

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Law firm must pay $13M for negligence that led to client’s botched Woolworths deal
Professional Negligence 2021-10-29 9:53 pm By Cindy Cameronne

A national law firm has been found liable to pay $13 million in damages for giving negligent advice to a former client that led to a botched sale of its business to Woolworths and caused it to go into administration.

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Crown pays $125M to settle class action over Chinese gambling disclosures
Class Actions 2021-10-29 9:30 am By Christine Caulfield

Crown Resorts has reached a $125 million settlement in a shareholder class action, avoiding a six-week trial scheduled to begin on Monday.

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Class action silks thank court for OKing in-person trial that didn’t happen
Courts 2021-10-29 7:27 pm By Christine Caulfield

A settlement in the class action against Crown Resorts put paid to an in-person trial before it began, but gathering in court on Friday to notify the presiding judge of the happy outcome was enough to remind the Victorian litigators what they had missed over the past 18 months.

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CBA seeks leniency as judge grapples with first criminal case of its kind
Financial Services 2021-10-29 5:31 pm By Miklos Bolza

A fine imposed against the Commonwealth Bank for false and misleading representations to customers should reflect offences that were “well below the midpoint” of seriousness, counsel for the bank has told a judge overseeing the first criminal case of its kind.  

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Employsure wins case against former employees who jumped ship to rival
Employment 2021-10-29 10:05 pm By Bianca Hrovat

Workplace relations heavyweight Employsure has won its case against rival ELMO Software and two former employees who sought to jump ship to a competitor in breach of their employment contracts and fiduciary duties.

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Rate-rigging class action pleadings OK’d, more than two years after case filed
Class Actions 2021-10-28 3:56 pm By Miklos Bolza

A judge has given the green light to amended pleadings in a class action accusing major banks of entering a cartel agreement to rig foreign exchange rates, bringing a two-year fight over the pleadings closer to resolution.

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iSignthis’ John Karantzis accuses ATO of misleading court in asset freeze bid
Tax 2021-10-28 9:39 pm By Cindy Cameronne

iSignthis CEO John Karantzis claims the ATO misled the court when it sought a freezing order over his assets in a dispute over an alleged $10.7 million tax debt, saying the tax office failed to give the judge “material” information.

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Arnold Bloch Leibler, Slater & Gordon settle class action over Quindell acquisition
Class Actions 2021-10-27 12:16 pm By Miklos Bolza

An in-principle settlement has been reached with law firms Arnold Bloch Leibler and Slater & Gordon in a class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition.

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