Bank of Queensland settles class action over Sherwin scam

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The Bank of Queensland has reached a settlement close to trial in a class action brought by investors in a multi-million dollar Ponzi scheme masterminded by jailed scammer Bradley Sherwin.  

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Judge slams CFMEU’s ‘deplorable record’ of law breaking

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The CFMEU has a “deplorable record” of breaking industrial legislation, a Federal Court judge said Monday as it slapped the union and a Victorian delegate with a $105,000 fine for enforcing a closed union construction site in Melbourne.

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Media giants want in on appeal of $4.5M Rebel Wilson award

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Australia’s biggest media companies want to lend their weight to an appeal by Bauer Media of a historic $4.5 million award handed to actor Rebel Wilson last year in a defamation case.

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IP Australia grounds coffee pod patent

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Australian company Vittoria Food & Beverage has won its challenge to a patent application for a coffee pod system filed by a unit of global food giant Mondelez International.

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High Court to decide if pensions count as lost earnings

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The High Court of Australia will tackle the question of whether injured plaintiffs in tort cases are entitled to damages for the future loss of superannuation and the age pension.

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Australian litigation funder values caseload at $4.7B

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It might be in the glare of a government inquiry, but business is booming for Australian litigation backer IMF Bentham, which values its current caseload at $4.7 billion.

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ASIC bans life insurance adviser for 5 years

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The Australian Securities and Investments Commission has banned a financial adviser for five years for failing to act in his clients’ best interests, the second action taken by the corporate regulator through a project that uses data to target bad life insurance advisers.

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Unions can’t ground review of airport workers’ split shifts

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In a win for aviation services company Aerocare, a court on Friday ruled the company’s bid for review of its controversial split-shift rosters was not an abuse of process as two unions had argued.

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Westpac faces new claim in life insurance class action

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Westpac was responsible for the conduct of its in-house financial planner, who allegedly overcharged the bank’s own customers with excess premiums on life insurance, class action lawyers have told a court.

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Amaca can’t get indemnity costs over asbestos settlement

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A judge has rejected Amaca’s bid for indemnity costs in a case over contributions to an asbestos class action settlement, but he did not rule on the company’s novel argument that a settlement resulting from mediation could count as the outcome of litigation in awarding costs.

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