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Judge ‘defies anyone’ to understand confusing Surfstitch opt out notice
Class Actions October 25, 2019 10:34 am By Miklos Bolza

A judge has ordered the legal teams behind two settled Surfstitch class actions to have another crack at the opt out notice, saying the current […]

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Quintis founder wins unredacted transcripts of ASIC chats with directors
White Collar October 23, 2019 9:15 pm By Miklos Bolza

Quintis founder Frank Wilson has won his bid for unredacted transcripts of ASIC examinations with six former directors of the failed sandalwood company. Wilson, who […]

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APRA won’t appeal loss in IOOF case
Financial Services October 17, 2019 5:08 pm By Cat Fredenburgh

The Australian Prudential Regulation Authority will not challenge a Federal Court ruling that dismissed its case against fund manager IOOF as “unpersuasive”, “fundamentally inadequate” and […]

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Surfstitch agrees to settle shareholder class actions, again
Class Actions October 15, 2019 3:40 pm By Cat Fredenburgh

Online fashion retailer Surfstitch has reached an in-principle settlement in two shareholder class actions, about nine months after an initial agreement to resolve the dispute […]

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Ernst & Young strikes out with third party claims against failed LM Investment
Restructuring & Insolvency October 8, 2019 11:47 pm By Cat Fredenburgh

Ernst & Young, which is facing a lawsuit brought by the receiver of a managed investment fund overseen by failed financial services firm LM Investment […]

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Judge slams APRA case against IOOF as ‘fundamentally inadequate’ and ‘tenuous in the extreme’
Financial Services September 20, 2019 10:04 am By Amelia Birnie

APRA’s purely documentary case against troubled fund manager IOOF has been dismissed by the Federal Court as “unpersuasive”, “fundamentally inadequate” and “tenuous in the extreme”, […]

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APRA defends decision to bring failed IOOF case
Financial Services September 20, 2019 8:03 pm By Amelia Birnie

The prudential regulator is standing by its decision to bring proceedings against IOOF for alleged breaches of superannuation duties, despite criticism that such a “highly […]

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Judgment looms for IOOF execs in APRA’s disqualification case
Financial Services September 17, 2019 11:53 am By Christine Caulfield

Five IOOF executives will learn their fate this week when a judge rules on a disqualification bid by the prudential regulator, the first judgment to […]

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Twin Quintis class actions squabble about ‘overly complicated’ case
Class Actions September 11, 2019 10:00 pm By Amelia Birnie

The plaintiffs in one of two shareholder class actions brought against troubled sandalwood producer Quintis have complained about potential delays that could result from the […]

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Facebook, Instagram were entitled to block Aussie startup’s access, court told
Competition & Consumer Protection August 26, 2019 3:33 pm By Christine Caulfield

Facebook and Instagram have denied allegations they breached Australia’s competition law when they terminated the accounts of a Melbourne-based startup, saying they were entitled to […]

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