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Shine confident it can defend shareholder class action
Securities 2018-03-01 7:19 pm By Cat Fredenburgh

Publicly traded law firm Shine Lawyers has assured investors it can wage a successful defence against a $250 million class action claiming the firm misled shareholders about the value of ongoing business activities.

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Takata airbag class actions to balloon following mandatory recall
Class Actions 2018-02-28 10:49 am By Cat Fredenburgh

The class actions against car companies over defective Takata airbags are expected to dramatically grow after the first-of-its-kind mandatory recall announced by the government Wednesday.

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Slater & Gordon auditor denies blame for investors’ loss
Securities 2018-02-27 7:59 pm By Christine Caulfield

Auditing firm Pitcher Partners has filed its defence in a class action accusing it of wrongly signing off on Slater & Gordon’s financial reports, denying responsibility for alleged material misstatements that investors say they relied on to their detriment.

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Bank of Queensland settles class action over Sherwin scam
Securities 2018-02-27 9:13 am By Christine Caulfield

The Bank of Queensland has reached a settlement close to trial in a class action brought by investors in a multi-million dollar Ponzi scheme masterminded by jailed scammer Bradley Sherwin.  

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Australian litigation funder values caseload at $4.7B
Class Actions 2018-02-26 2:38 pm By Cat Fredenburgh

It might be in the glare of a government inquiry, but business is booming for Australian litigation backer IMF Bentham, which values its current caseload at $4.7 billion.

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Westpac faces new claim in life insurance class action
Class Actions 2018-02-23 8:39 pm By Cat Fredenburgh

Westpac was responsible for the conduct of its in-house financial planner, who allegedly overcharged the bank’s own customers with excess premiums on life insurance, class action lawyers have told a court.

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Amaca can’t get indemnity costs over asbestos settlement
Construction 2018-02-23 8:17 pm By Christine Caulfield

A judge has rejected Amaca’s bid for indemnity costs in a case over contributions to an asbestos class action settlement, but he did not rule on the company’s novel argument that a settlement resulting from mediation could count as the outcome of litigation in awarding costs.

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Commonwealth Bank denies Austrac money laundering claims
Financial Services 2018-02-23 8:14 pm By Christine Caulfield

The Commonwealth Bank of Australia on Friday pushed back against the majority of expanded claims brought by the anti-money laundering regulator and denied all allegations in the related class action.

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Judge in sports betting class action won’t recuse himself
Class Actions 2018-02-22 8:34 pm By Cat Fredenburgh

A judge overseeing a class action brought by investors in a sports betting scheme has shot down a lawyer’s mid-trial bid that he recuse himself.

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GetSwift hit with $300M shareholder class action
Class Actions 2018-02-21 8:56 pm By Cat Fredenburgh

Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with “overhyped” announcements about business contracts.

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