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Westpac’s conduct ‘unconscionable’, but no BBSW rate-rigging, judge says
Financial Services May 24, 2018 3:51 pm By Christine Caulfield

Westpac Banking Corp. engaged in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on […]

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ASIC takes AMP to court over insurance policy churn
Financial Services June 27, 2018 10:35 pm By Christine Caulfield

AMP’s financial planning unit was hit Wednesday with an enforcement action by the corporate regulator alleging its planners generated extra commissions by replacing, rather than […]

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Ex-Kimberley Diamonds exec acquitted in ASIC case
Securities June 27, 2018 4:30 pm By Cat Fredenburgh

The former head of Australian mining company Kimberley Diamonds has been acquitted of charges that he signed off on market statements that assumed luxury retailer […]

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Spat over ‘secret’ side deal in class action tossed on appeal
Class Actions June 18, 2018 10:13 pm By Miklos Bolza

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, […]

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Slater & Gordon vies for AMP shareholders with ‘best deal’ yet
Class Actions May 18, 2018 9:46 am By Christine Caulfield

Not to be outdone by other class action firms vying to recruit AMP shareholders for a $2 billion class action, Slater & Gordon announced Friday […]

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Contingency fee ban on lawyers should be lifted, says law reform commission
Class Actions May 31, 2018 10:33 pm By Christine Caulfield

Class action lawyers should be able to enter into contingency fee arrangements, the Australian Law Reform Commission said Thursday as part of proposals to reform the […]

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Squire Patton Boggs appeals stay of GetSwift class action
Class Actions June 4, 2018 11:46 am By Christine Caulfield

Law firm Squire Patton Boggs is appealing a ruling that permanently stayed its case against technology startup GetSwift in favour of a competing class action. […]

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$26M funding cut to hobble ASIC, experts say
Securities May 10, 2018 10:02 pm By Christine Caulfield

The Federal Government’s $26 million cut to ASIC’s budget has been blasted by experts and the opposition for undermining the corporate regulator, already facing the […]

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Secret side deal in class action holds up $19.25M settlement
Class Actions May 10, 2018 8:27 pm By Miklos Bolza

A “secret” side agreement between the lead applicant in a shareholder class action and a litigation funder is at the centre of a dispute in […]

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Magic Circle firm to rep Rio Tinto in ASIC case
Securities March 21, 2018 11:26 am By Cat Fredenburgh

Magic Circle firm Clifford Chance will represent Rio Tinto as it faces legal action in Australia over allegedly misleading investors about the coal reserves of […]

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