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Litigation funders slugged with cost of jurisdictional battle over AMP class actions
Class Actions 2019-02-27 9:21 pm By Miklos Bolza

A state judge has ordered the litigation funders behind a group of federal class actions against AMP to pay the legal costs of their failed […]

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Bellamy’s loses cost-capping bid in joint class actions
Class Actions 2019-02-26 2:34 pm By Christine Caulfield

A judge has rejected a bid by Bellamy’s to limit the recoverable costs of rival law firms running joint class actions against the baby food […]

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Commonwealth Bank says it shouldn’t pay twice to defend two class actions
Class Actions 2019-02-25 11:54 am By Christine Caulfield

The Commonwealth Bank of Australia wants a judge to ensure it doesn’t get hit with double the cost for work defending two shareholder class actions […]

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ASIC takes GetSwift to court over inadequate shareholder disclosures
Securities 2019-02-22 5:42 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has added to logistics provider GetSwift’s legal woes, filing a lawsuit over the company’s alleged failure to disclose material […]

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Sims Metal hit with shareholder class action
Class Actions 2019-02-22 4:54 pm By Cat Fredenburgh

Sims Metal is facing a shareholder class action over an earnings guidance that allegedly failed to take into account a likely fall in scrap metal […]

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ASIC to seek harsher penalties against banks, execs
Financial Services 2019-02-15 10:25 pm By Cat Fredenburgh

ASIC will soon have more ammunition to go after corporate wrongdoers, after the Senate passed legislation that arms the regulator to seek harsher civil and criminal […]

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Law firm preempts court with cost referee in Quintis common fund bid
Class Actions 2019-02-12 10:43 pm By Christine Caulfield

The law firm running a class action against sandalwood producer Quintis has pitched an unusual common fund order that subjects the firm and the funder […]

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Cryptocurrency exchange provider fined for continuous disclosure breach
Securities 2019-02-12 4:41 pm By Miklos Bolza

Technology solutions firm Byte Power Group has paid a $33,000 penalty for violating its continuous disclosure obligations by telling shareholders a proposed cryptocurrency exchange was […]

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‘Likely’ GetSwift class action settlement should not be delayed by High Court appeal, judge says
Class Actions 2019-02-07 9:36 pm By Christine Caulfield

A judge won’t defer the opt-out notice in a shareholder class action against GetSwift pending the High Court’s decision on a special leave application to […]

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Rival law firms backpedal in deal over competing Commonwealth Bank class actions
Class Actions 2019-02-06 9:11 pm By Miklos Bolza

Law firms Maurice Blackburn and Phi Finney McDonald have stepped back from a proposed consolidation of their class actions against the Commonwealth Bank of Australia […]

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