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ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.
Government wants to stay 12-year-old dispute over Abilify generic
The Commonwealth has argued that a long-running dispute involving drug makers Otsuka, Bristol-Myers Squibb and Generic Health should be put on ice until the High Court rules in a separate matter.
Metcash loses appeal over worker rest breaks
Distribution company Metcash has lost its bid to overturn a decision that found it had to provide employees with a 12-hour break between shifts irrespective of whether the work was ordinary or overtime hours.
Medibank says Deloitte data breach report not relevant in shareholder class action
Medibank is seeking to shield from a shareholder class action an "irrelevant" post-incident report by Deloitte into its massive October 2022 data breach.
Judge balks at $10M registration bill in stolen wages class action
The judge overseeing a $180.4 million settlement in a stolen wages class action has railed against Shine Lawyers' $10 million bill for the costs of registration, saying “something has gone seriously wrong”.
Freehills the firm of choice for MinRes, WiseTech as bosses face scrutiny
As Mineral Resources and WiseTech face shareholder glare over accusations levelled at their billionaire bosses, it is Herbert Smith Freehills that their embattled boards have turned to.
Judge rejects franchisees’ ‘colourable’ cross-claims against United Petroleum
United Petroleum will not face cross-claims by franchisees, with a judge calling the bid “a very colourable application” to create overlap with a class action in the Supreme Court.
Salter Brothers sues insurer to cover $3.5M in costs to defend client’s lawsuit
Investment manager Salter Brothers has sued XL Insurance, saying it has “unreasonably delayed” covering the costs of defending a former client’s lawsuit alleging misleading conduct.
ASIC wins case over life insurer’s misleading ‘pre-existing condition’ term
ASIC has won its case against insurer HCF Life over a pre-existing condition term that was likely to mislead the public, but failed to convince the court that it was an unfair contract term.