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The Federal Government’s $26 million cut to ASIC’s budget has been blasted by experts and the opposition for undermining the corporate regulator, already facing the heat of the Banking Royal Commission.
SMH’s fatal nose job article destroyed surgeon’s practice, court hears
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A Fairfax Media article over the death of a criminal figure during nose surgery had destroyed the practice of a prominent cosmetic doctor, a court was told Thursday.
Secret side deal in class action holds up $19.25M settlement
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A “secret” side agreement between the lead applicant in a shareholder class action and a litigation funder is at the centre of a dispute in the Federal Court that is delaying distribution of a $19 million settlement in the case.
Encompass appeals fintech patent loss
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An appeal has been filed by financial software company Encompass Corp. after a Federal Court judge found two of its patents for computer software failed the method of manufacture test and were invalid.
Taronga Zoo settles TM case against Sydney rival
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Taronga Conservation Society Australia and Sydney Zoo have agreed to settle their legal battle over the use of the name “Sydney Zoo”.
Iluka Resources class action gets funding
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A shareholder class action against mining company Iluka Resources has received funding, the company said Thursday.
AFL facing race, sex harassment lawsuit by ex-player Joel Wilkinson
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Former AFL player Joe Wilkinson is preparing the sue the AFL, top clubs, coaches and players after allegedly facing racial abuse and sexual harassment throughout his career.
Government budgets $44.6M for consumer data rights
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The Federal Government has promised $44.6 million over the next four years to establish a National Consumer Data Right that will enable consumers and small businesses to better protect their online data.
Toyota alerted to problems with Takata airbags in 2003, court filings show
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Toyota was on notice about problems with Takata airbags 15 years ago, after a Takata inflator ruptured at one of the car maker’s testing facilities, according to new claims in a class action.
Quinn Emanuel brings class action against AMP
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Law firm Quinn Emanuel has filed the first shareholder class action against AMP ahead of the beleaguered company’s annual general meeting on Thursday.