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Settlements totaling $39 million have been reached in two class actions against the former trustee of failed investment groups LKM Capital and GR Finance.
5 things to watch in the GetSwift class action appeal
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Three senior Federal Court judges will hear arguments Monday and Tuesday in a closely-watched appeal of a ruling that stayed two of three competing shareholder class actions against GetSwift as an abuse of process, and the impact of the Full Court’s ruling will be felt for a long time to come. Here are five major issues the court will be wrestling with over the next two days.
Slater & Gordon auditor faces second class action
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Former Slater & Gordon auditor Pitcher Partners has been hit with a class action alleging it signed off on an overly rosy 2015 year-end financial report that failed to disclose risks and impairments the firm faced from its recent acquisition of UK firm Quindell.
PwC can’t force law firm off Vocation class action after lead applicant death
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A judge has dismissed a bid by PriceWaterhouseCoopers to have one of two law firms bow out of a joint class action against the accounting giant after a lead applicant died.
BHP faces second class action as it seeks to shut down first filed
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BHP Billiton is facing the possibility of a second shareholder class action over the Fundao dam failure at its mine in Brazil, but the cases may be put on hold pending the outcome of homicide charges against company employees.
Full Court blocks Plutus tax fraudsters’ bid to have insurer cover legal bill
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The alleged masterminds behind the $130 million Plutus Payroll tax fraud have been barred by the Full Federal Court from using insurance to cover their $300,000 legal bill in two criminal proceedings.
DoD faces class action over contamination from army base
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Shine Lawyers has filed a class action against the Department of Defence on behalf of the town of Katherine alleging it has been “devastated” by exposure to toxic chemicals from a nearby DoD base that have been linked to certain cancers and immune dysfunction.
Dessert maker Wicked Sister not sweet on trade mark infringement
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Supermarket dessert maker Wicked Sister has brought a trade mark infringement suit against the maker of dipping sauces that this year launched a dessert it branded Wicked Waffle Dippers.
Australian Bar Association defeats challenge to trade mark registration
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The Australian Bar Association can move forward with its plans to trade mark the terms ‘Austbar’ and ‘Aust bar’ after defeating a second challenge brought by a rival barristers group.
Law firms seize opportunity to shape class action reform
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The country’s biggest law firms were among the first in line to weigh in on changes to the class action regime proposed by the Australian Law Reform Commission, with one global firm cautioning against a weakening of continuous disclosure laws.