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Maurice Blackburn, funder win further costs in Slater & Gordon class action
The judge overseeing the Maurice Blackburn-led shareholder class action against Slater and Gordon that resulted in a $36.5 million settlement has signed off on additional costs for the law firm and the funder that backed the case.
Squire Patton Boggs loses epic battle over GetSwift client communications
After a marathon hearing in court on Monday, law firm Squire Patton Boggs lost its battle to avoid client communication restraints that other parties in the GetSwift class action saga voluntarily agreed to.
CBA’s $25M rate-rigging settlement gets court OK
The Federal Court has approved Commonwealth Bank's $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.
MWL founders look to bring derivative suit against Focus Financial
MWL Financial Group's co-founder and a group of superannuation and investment funds are seeking court approval to bring a derivative suit on behalf of the investment adviser against its private equity-backed US parent company, Focus Financial.
Spat over ‘secret’ side deal in class action tossed on appeal
A legal stoush over a "secret" side agreement between the lead applicant in a shareholder class action and a litigation funder has been shut down, with the Full Federal Court on Monday dismissing an appeal by the applicant.
Judge says DibbsBarker, QRxPharma emails privileged
A judge overseeing a securities class action against former directors of failed pharmaceutical company QRxPharma and its legal advisor DibbsBarker has ruled that certain documents, including numerous emails sent by the law firm, are protected by attorney-client privilege.
ASIC takes Westpac to court for financial adviser’s bad behaviour
The corporate regulator has launched legal action against Westpac Banking Corp. over a former financial planner's poor advice that resulted in multimillion dollar losses to customers.
Judge won’t halt Quinn Emanuel AMP class action over venue fight
A NSW Supreme Court judge refused Friday to pause one of five class actions against AMP despite an impending battle over where the cases should be heard.
ASIC goes after ex-Quintis boss over lost Nestle contract
The corporate regulator has launched civil proceedings against the former managing director of sandalwood oil producer Quintis, after the company kept its board in the dark about the termination of a supply contract with Nestle unit Galderma.
Cooperating cos. could avoid prosecution under new leniency scheme
The government has released a draft code of practice for a new deferred prosecution scheme under which corporations could avoid charges in exchange for self-reporting serious corporate crimes.