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S&P fights ‘significant’ expansion of class action over CDO ratings
Class Actions 2023-03-01 10:28 pm By Sam Matthews

S&P Global is fighting bids to expand a class action alleging systemic defects in its ratings systems to a new type of complex financial product and to include allegations from a US Department of Justice case in a separate suit by two Cayman Islands-based companies.

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Lisa Wilkinson says rape claim against Bruce Lehrmann ‘substantially true’
Defamation 2023-03-01 10:22 pm By Cat Fredenburgh

Television presenter Lisa Wilkinson has filed her defence to a defamation suit by accused rapist Bruce Lehrmann, arguing the claim that he raped fellow Liberal staffer Brittany Higgins in Parliament House in 2019 is substantially true.

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Crown owns up to ‘serious and systemic’ breaches of money laundering laws
AUSTRAC 2023-03-01 5:29 pm By Sam Matthews

Casino giant Crown has admitted to a “significant number” of anti-money laundering and counter terrorism breaches in a case brought by AUSTRAC.

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Boost Mobile sues Optus for ‘flagrant’ trade mark infringement
Intellectual Property 2023-03-01 4:40 pm By Cindy Cameronne

Boost Mobile has sued telecommunications giant Singtel Optus, alleging it “misappropriated” its goodwill by marketing services under a similar product name after Boost chose to move its mobile network to Telstra.

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Star drops trade mark suit against Momento Hospitality over new hotel
Intellectual Property 2023-03-01 11:27 pm By Christine Caulfield

Casino operator Star Entertainment has settled a lawsuit against Momento Hospitality and CEO Marcello Colosimo over the name of their latest western Sydney pub, registered as The Star Hotel.

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Question of power to make settlement CFOs sent back to Full Court
Class Actions 2023-02-28 4:27 pm By Christine Caulfield

The divisive issue of whether judges are empowered to make a common fund order to distribute the costs of a funding commission at the settlement stage of a class action is headed back to the Full Federal Court next week.

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In Jaguar Land Rover class action contest, ‘innovative’ funding model challenged
Automotive 2023-02-28 5:23 pm By Cindy Cameronne

A law firm has questioned an “innovative” funding model proposed by its rival in a contest to run a class action against Jaguar Land Rover over allegedly defective diesel filters in its vehicles.

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Funder’s $7M cut in Fonterra class action up in the air amid CFO uncertainty
Class Actions 2023-02-28 8:47 pm By Sam Matthews

A judge has indicated his willingness to approve a $25 million settlement in a class action against dairy co-op Fonterra, but deferred the question of the funder’s cut until after the Full Court rules on whether the court has the power to make a common fund order at settlement.

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Advanta beats back appeal in contaminated seeds class action
Appeals 2023-02-28 9:55 pm By Sam Matthews

Advanta Seeds has won an appeal upholding the dismissal of a class action by sorghum farmers over allegedly contaminated seeds, with a court finding that the seed producer’s duty of care was negated by clear disclaimers.

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K&L Gates lures real estate partner from Arnold Bloch Leibler
Business of Law 2023-02-28 10:38 pm By Cat Fredenburgh

K&L Gates has snagged a partner from Arnold Bloch Leibler to bolster the real estate practice in its fast-growing Sydney office.

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