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The corporate cop has found “widespread” compliance plan failures in the managed investment fund industry, and says it is investigating some fund managers for potential breaches.
Fourth law firm mulls ad tech class action against Google
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A fourth law firm is investigating a class action against Google for allegedly abusing its dominance in the market for online advertising.
Judge won’t let ACCC case against Spotless, Ventia get ‘totally unwieldy’
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The judge hearing the ACCC’s price-fixing case against Downer EDI’s Spotless and Ventia has proposed an initial hearing to determine if the companies are in competition, saying he won’t let the case become “totally unwieldy”.
Exactech settles class action over alleged faulty implants
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Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company’s bankruptcy.
Melbourne law firm faces at least three suits in wake of declassing decision
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There are at least three individual suits proceeding against Melbourne law firm Waller Legal after a class action alleging it consistently failed to bring economic loss claims on behalf of sexual abuse clients was declassed, a court has heard.
Nine not required to post defamation apology on homepage: court
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A judge has found that Nine’s apology to the former owner of collapsed budget airfare company Bestjet over unsubstantiated claims made in a story about the company’s demise was sufficient to resolve their defamation dispute.
Quasar Constructions director sold $24M in properties before company’s collapse, court told
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A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders.
‘Absolutely crazy’: Judge baffled by costs fight 2 years after trial in shopping centre spat
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A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.
Late artist’s ‘animus’ toward Cranbrook won’t bar school’s offer on $33M home
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A charitable trust of the late artist Martin Sharp, known for designing album cover art for Eric Clapton, can sell his $33 million home to the neighbouring Cranbrook, despite having expressed “animus” towards the prestigious private school, a judge has said.
Soul Patts, Brickworks sign $14B merger pact
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Investment house Washington H. Soul Pattinson has reached a merger agreement with building products and property company Brickworks to create a $14 billion powerhouse.