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Funder sells stake in Commonwealth Bank class action for $7.5M
Class Actions 2022-06-30 4:00 pm By Cat Fredenburgh

A litigation funder has reaped $7.5 million from the sale of a 20 per cent stake in a shareholder class action against the Commonwealth Bank […]

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Seven takes Cricket Australia to court to quash broadcast agreement
Sports 2022-06-30 10:36 pm By Cat Fredenburgh

Channel Seven has asked the Federal Court to terminate a Test cricket and Big Bash League broadcast agreement with Cricket Australia due to alleged contract […]

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Virgin ordered to hand over insurance details in shareholder class action
Class Actions 2022-06-29 11:12 pm By Cat Fredenburgh

Virgin Australia has been ordered to disclose whether its insurer has agreed to indemnify it for any liability it may have in a shareholder class […]

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Origin hit with $17M penalty for disconnecting vulnerable customers
Competition & Consumer Protection 2022-06-29 10:47 pm By Cat Fredenburgh

Origin Energy has been hit with a record $17 million penalty for violating its obligation to protect financially vulnerable customers, including by disconnecting the services […]

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ACCC goes after Ultra Tune again, this time for contempt of court
Competition & Consumer Protection 2022-06-28 5:27 pm By Christine Caulfield

Ultra Tune is facing contempt of court proceedings for allegedly breaching a judge’s orders and failing to meet the requirements of a court-ordered compliance program, […]

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ASIC triumphs in appeal against payday lenders Cigno, BHF
Appeals 2022-06-28 11:36 am By Sam Matthews

ASIC has won an appeal of a judge’s decision that found Gold Coast-based payday lenders Cigno and BHF did not need a licence to issue […]

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Optus warns of ‘irreversible consequences’ of Telstra, TPG network deal
Telecommunications 2022-06-28 10:06 pm By Sam Matthews

Optus has railed against the proposed network sharing agreement between Telstra and TPG, warning that it spells the return of a communications monopoly in regional […]

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Appeal lodged in class action by cruise voyagers forced to take the bus
Competition & Consumer Protection 2022-06-24 10:18 pm By Sam Matthews

Cruise operator Scenic Tours is appealing a courtroom loss that could see it owing $25 million in damages in a class action by travelers who […]

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Merricks Capital secures undertakings from defecting employees
Employment 2022-06-24 6:30 pm By Christine Caulfield

Melbourne-based hard assets investment manager Merricks Capital has won undertakings from its ex-managing director and two former employees who defected to an investment boutique run […]

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Samsung hit with $14M penalty for misleading Galaxy waterproof claims
Competition & Consumer Protection 2022-06-23 1:53 pm By Cat Fredenburgh

Samsung Australia has been slapped with a $14 million penalty for running ads that misrepresented that its Galaxy smartphones could be used in pool and […]

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