Court approves $8.7M settlement in Exactech class action

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A judge has approved a “modest” $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.

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Nielsen exec claims unfair dismissal after husband’s axing, can’t get job back

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A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.

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ASIC blitz targets Shield, First Guardian advisers, research firm

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The corporate cop has launched two new cases and sought approval to bring a third action over financial advice that led customers to sink hundreds of millions of dollars in retirement savings into the failed Shield and First Guardian investment funds.

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Mayne wins breathing room in fight to get Cosette merger over the line

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Mayne Pharma has secured an extension of the deadline for securing Foreign Investment Review Board approval of its $672 million tie-up with US drug maker Cosette.

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Dexus must hand over data room Q&A in spat with Melbourne Airport operator

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Airport operator APAC has won access to Q&A logs in a data room set up by shareholder Dexus for prospective buyers, in a dispute over whether the real estate asset manager breached a confidentiality deed.

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UN appointee wants in on cases over Woodside North West Shelf extension

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A United Nations special rapporteur has sought to intervene in three Federal Court cases opposing the federal environment minister’s decision to approve gas giant Woodside’s North West Shelf extension.

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Developer’s lawyers dodge personal costs order after trespass trial delay

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A judge has refused to make a personal costs order against the former lawyers for a Canberra developer who sued two owners corporations for trespass and was lumped with costs after the trial was adjourned.

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