Judge rejects ratchet contingency fee in MinRes class action

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A judge has ordered a flat contingency fee at a rate below the maximum sought by the firm running a class action against Mineral Resources, agreeing with a colleague that recent shareholder class action losses don’t justify a higher percentage.

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Cosette appeals loss over exit from $672M Mayne Pharma merger

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Cosette plans to appeal a ruling that rejected its bid to terminate an agreement to merge with Mayne Pharma, as the US drug company also refuses to agree to conditions needed to win Foreign Investment Review Board approval for the tie-up.

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Russia secures High Court win over embassy lease termination

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The Russian Federation has won its High Court challenge to the federal government’s decision to terminate its lease to build a new embassy in Canberra, with the court finding the Commonwealth must pay reasonable compensation. 

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John Holland ends deals with CFMEU for major NSW infrastructure projects

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John Holland and the CFMEU have voluntarily nixed agreements requiring the construction company to use certain labour hire businesses on two major projects in NSW, after the ACCC raised competition concerns. 

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Veolia to pay $1M after admitting landfill odour breaches

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Waste management firm Veolia has agreed to pay $1 million after admitting that it failed to use required odour source controls for its landfill site in Hampton Park, Victoria.

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Mobil to cop $16M penalty for misleading consumers about fuel

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Mobil Oil has agreed to pay a $16 million penalty after admitting it ran false ads in far North Queensland claiming it was selling a specific brand of fuel with certain benefits, when in fact it was suppling ordinary fuel. 

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$200M Cudlee Creek bushfire class action goes to trial after partial settlement

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A class action on behalf of thousands of victims of the December 2019 Cudlee Creek bushfire has reached a confidential settlement with two individuals, while claims worth $200 million against SA Power Networks have proceeded to trial. 

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Loss of affordable housing ‘not fatal’ to Annandale development: court

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A Sydney developer has won a dispute with the Inner West Council over its Annandale housing project application, despite a court finding it would cause a loss of affordable housing. 

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Billboard company Manboom loses trespass case against Jemena Gas

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Billboard company Manboom has suffered a loss in its case against Jemena Gas alleging the presence of underground gas infrastructure at a site in Mascot, NSW that supplies gas to 1.6 million customers amounts to trespassing.

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