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Banksia class action throws judges’ power over funding agreements in doubt, MP says
Class Actions July 29, 2020 11:32 pm By Miklos Bolza

Revelations of fraud this week in the Banksia class action have put the ability of judges to scrutinise litigation funding agreements in the spotlight of […]

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ASIC says ‘light touch’ approach to class action funders to end
Class Actions July 29, 2020 10:16 pm By Miklos Bolza

The Australian Securities and Investments Commission told the government’s class action inquiry that it was committed to making the existing class action regime work with […]

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Dreamworld operator Ardent Leisure pleads guilty over ride deaths
Entertainment July 29, 2020 4:31 pm By Christine Caulfield

The operator of Dreamworld in Queensland has pleaded guilty to three charges over the 2016 deaths of four people on the theme park’s now demolished […]

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Funder’s fees put in context
Opinion July 29, 2020 10:20 am By Cat Fredenburgh

The Murray Goulburn class action, which was taken on behalf of aggrieved unit holders in the dairy business and settled late last year, has attracted […]

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Banksia class action was ‘party like no other’ for Mark Elliott and barristers, court told
Class Actions July 28, 2020 11:00 pm By Alison Eveleigh

The funder and legal team behind a class action over the collapse of Banksia Securities billed for phantom costs in a “fraudulent scheme” to secure […]

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Westpac’s anti-money laundering woes worsen
Financial Services July 28, 2020 1:37 pm By Cat Fredenburgh

Westpac anti-money laundering compliance troubles continue to worsen, with the bank reporting an additional 365,000 incomplete or inaccurate threshold transaction reports to AUSTRAC. The bank […]

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Romeo’s hit with underpayments class action
Employment July 28, 2020 2:42 pm By Cat Fredenburgh

Supermarket chain Romeo’s has become the latest retailer to face a class action alleging it failed to pay staff for all hours worked. Adero Law […]

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Banksia class action funder admits court was misled on fees, says commission shouldn’t suffer
Class Actions July 27, 2020 5:46 pm By Christine Caulfield

The litigation funder behind the class action over Banksia Securities’ collapse has admitted it misled a costs consultant retained to report to the court on […]

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‘Most painful relationship I’ve ever had’: Law firm describes falling out with funder in BOQ class action
Class Actions July 27, 2020 5:54 pm By Alison Eveleigh

The law firm that represented elderly victims of Ponzi schemer Bradley Sherwin has told the government’s class action inquiry of its “painful” relationship with the […]

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Treasurer met with affiliate of US lobby group on eve of new class action regulations, inquiry told
Class Actions July 27, 2020 8:35 pm By Alison Eveleigh

There is an “embarrassing” foreign influence on Australian laws, a plaintiff law firm has told a parliamentary inquiry into class actions, after revealing that Treasurer […]

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