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DLA Piper sued by QC, junior barrister over $370,000 in unpaid fees
Business of Law 2019-01-16 10:13 pm By Christine Caulfield

A Queens Counsel and a junior barrister at the Victorian Bar are taking DLA Piper to court, accusing the law firm of failing to pay more than $370,000 in fees.

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In ASIC suit, Dover Financial says ‘client protection policy’ caused no harm
Article 2019-01-08 8:55 pm By Cat Fredenburgh

Defunct financial adviser Dover Financial is seeking evidence to bolster its argument that no clients were harmed by a liability waiver that’s at the centre of a lawsuit by the Australian Securities and Investments Commission.

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Adero hits Hays, Stellar Personnel with employment class actions
Employment 2019-01-07 10:24 pm By Christine Caulfield

Adero Law has filed class actions against labour hire companies Hays and Stellar Personnel on behalf of casual miners who allege they were entitled to accrued leave, on the eve of what’s expected to be a banner year for employment class actions in Australia.

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Judge greenlights MWL derivative suit against Focus Financial
Corporate 2019-01-07 11:42 am By Miklos Bolza

Majority shareholders in MWL Financial have won court approval to bring a derivative suit against US-based Focus Financial Partners over an acquisition gone sour.

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Lead applicant socked with costs of Banksia class member’s appeal
Appeals 2018-12-19 9:53 pm By Christine Caulfield

The lead applicant in a class action over the failure of Banksia Securities is on the hook for paying the legal costs of a class member who successfully challenged the funder’s cut of a $64 million settlement in the case.

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Telstra loses challenge to ‘Empires end’ ad ruling
Competition & Consumer Protection 2018-12-18 11:41 pm By Cat Fredenburgh

Telstra has lost an appeal of a ruling that rival Optus’ “Empires End” advertising campaign was not misleading or deceptive.

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Black Saturday payout report shows class actions working, expert says
Analysis 2018-11-29 11:43 pm By Christine Caulfield

A lingering dispute with the tax office remains, but the distribution of the record $795 million Black Saturday class actions settlement is substantially complete, according to a report out this week, and the proceedings, by the measure of at least one expert, show why the class action system in Australia is working.

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RBA cos. fined $21M after pleading guilty in foreign bribery scandal
White Collar 2018-11-28 9:55 pm By Christine Caulfield

The Reserve Bank of Australia’s two banknote subsidiaries pleaded guilty to foreign bribery charges in 2011 and paid fines of more than $21 million, it was revealed Wednesday after a seven-year suppression order was lifted.

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ASIC bans AGM Markets director for 8 years
Competition & Consumer Protection 2018-11-19 9:30 pm By Cat Fredenburgh

ASIC has banned the former director of AGM Markets from serving as a director for eight years, a few weeks after revoking the OTC derivative issuer’s financial services licence.

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Law firm in showdown with ATO over Black Saturday payouts
Class Actions 2018-11-13 11:04 pm By Christine Caulfield

Maurice Blackburn’s battle with the Australian Taxation Office over a tax bill on class action settlements for thousands of Black Saturday bushfire victims went to court Tuesday, and the landmark case may turn on whether or not the law firm’s administration of the settlement distribution scheme counts as a business.

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