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A concurrent group proceeding in Hong Kong could complicate an Australian class action against Perth-based forex trader Best Leader Markets Pty Ltd.
Ex-Keystone director may claim penalty privilege in receivers’ lawsuit
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A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers.
Coles, Woolworths hit with class actions over discount claims
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Coles and Woolworths have been hit with class actions on the back of ACCC proceedings alleging the grocery giants misled consumers with false discounts.
ASIC seeks $20M penalty against Kraken crypto exchange
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In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.
Parties race to settle Exactech joint implant class action
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The law firm running a class action against Exactech over allegedly faulty joint implants is facing the “impossible task” of settling the case by January, the “drop dead” deadline for resolving the claim under its US parent company’s restructuring.
Judge balks at idea government could represent Robodebt class action members
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A judge has balked at a suggestion by group members appealing a $112 million Robodebt class action settlement that the Commonwealth could represent the interests of people content with the deal.
ASIC sets sights on cost of living pressures in 2025 enforcement agenda
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The corporate regulator has outlined its enforcement priorities for next year, and top of the hit list will be businesses that exploit cost of living pressures.
ACCC worried Cleanaway’s $110M Citywide tie-up may trash competition
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Australia’s competition watchdog is concerned Cleanaway’s proposed acquisition of Citywide could reduce competition in the waste management sector.
ASIC slams ‘false’ premise of payday lender BSF’s appeal
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ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.
Uber accused of refusing rides for blind passenger at Melbourne Airport
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Uber and Melbourne Airport are facing a claim after a blind passenger and his seeing eye dog were allegedly refused rides.