S&P entitled to Rolls-Royce defence in CDO class action: court

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S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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Homes Victoria says recording reasons for tower demolition plan ‘superfluous’

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Homes Victoria says the decision to demolish public housing towers in Melbourne — now the subject of a class action — took residents’ human rights into account, but has no documents to show it.

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Antoinette Lattouf claims ABC managing director, ex-chair involved in sacking

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Former radio host Antoinette Lattouf will argue at trial that the ex-chair of the ABC, Ita Buttrose, and managing director David Anderson were involved in the decision to terminate her contract. 

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Clive Palmer’s nephew tells High Court he’s beyond reach of contempt

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Clive Palmer’s nephew has applied to the High Court for review of a decision rejecting his bid to dodge contempt proceedings, arguing he did not submit to the court’s jurisdiction.

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Discovery led to funder dropping class action against Westpac unit

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A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.

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High Court shuns SingTel’s appeal over tax deductions for $14B Optus buy

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The High Court will not review a Full Court ruling that backed the ATO’s rejection of over $894,000 in tax deductions related to SingTel’s $14.2 billion acquisition of Optus.

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AAI class action wants to press mandatory insurance claim at trial

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A ‘junk’ insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim — absent a sample group member — that car dealers made purchasing a policy necessary for a loan.

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