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S&P entitled to Rolls-Royce defence in CDO class action: court
Financial Services 2024-10-28 11:26 pm By Cat Fredenburgh

S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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Homes Victoria says recording reasons for tower demolition plan ‘superfluous’
Human Rights 2024-10-28 11:26 pm By Andy Sidler

Homes Victoria says the decision to demolish public housing towers in Melbourne — now the subject of a class action — took residents’ human rights into account, but has no documents to show it.

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Antoinette Lattouf claims ABC managing director, ex-chair involved in sacking
Employment 2024-10-28 11:33 pm By Andy Sidler

Former radio host Antoinette Lattouf will argue at trial that the ex-chair of the ABC, Ita Buttrose, and managing director David Anderson were involved in the decision to terminate her contract. 

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Care A2 settles spat with infant formula distributor
Emma Bathurst 2024-10-28 11:40 pm By Cat Fredenburgh

Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.

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Discovery led to funder dropping class action against Westpac unit
Financial Services 2024-10-25 3:19 pm By Sam Matthews

A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.

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High Court shuns SingTel’s appeal over tax deductions for $14B Optus buy
Tax 2024-10-25 11:53 pm By Sam Matthews

The High Court will not review a Full Court ruling that backed the ATO’s rejection of over $894,000 in tax deductions related to SingTel’s $14.2 billion acquisition of Optus.

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AAI class action wants to press mandatory insurance claim at trial
Class Actions 2024-10-25 11:26 pm By Andy Sidler

A ‘junk’ insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim — absent a sample group member — that car dealers made purchasing a policy necessary for a loan.

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Litigators of the week: Ashurst, Maurice Blackburn score big in epic legal battles
Maurice Blackburn 2024-10-25 11:11 pm By Cindy Cameronne

Years of hard fought litigation by axed Qantas ground crew and generic drug maker Sandoz ended in victory this week, thanks to legal eagles from Maurice Blackburn and Ashurst and their counsel. The week opened with a bang with a decision from Federal Court Justice Michael Lee in three landmark test cases by the Transport…

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Herbert Smith Freehills adds partners to strengthen energy team
Energy & Natural Resources 2024-10-25 2:43 pm By Sam Matthews

Herbert Smith Freehills has lured two lateral partners to bolster its projects, energy and infrastructure practice in Australia.

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Richard White steps down as WiseTech CEO
Employment 2024-10-24 11:54 pm By Cat Fredenburgh

Richard White, the billionaire founder of logistics company WiseTech Global, has stepped down from his position as CEO amid media reports of bullying and inappropriate conduct.

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