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A judge has found that former Orix CEO John Carter is not entitled to make claims under a D&O policy, saying he fraudulently failed to disclose to Chubb the payment of alleged secret bribes.
Cruise operators face potential class action over onboard gambling
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A law firm is investigating a class action against Carnival and Royal Carribean over their casinos following the death of a cruise ship passenger in May.
Class action dropped against Westpac unit, applicant to get $1.5M costs
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A judge has approved the discontinuance of a class action against a Westpac subsidiary after the funder bowed out.
Former Tabcorp CEO was forced to resign, FWC finds
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A Fair Work Commission decision has cleared the way for former Tabcorp CEO Adam Rytenskild to pursue an unfair dismissal claim against the betting giant.
Zoetis loses appeal over pig vaccine patents
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US animal drug manufacturer Zoetis has lost its challenge a ruling that chucked out three of its patents for a single-dose vaccine to protect pigs from enzootic pneumonia.
Social media companies to face $50M fine for violating under 16 ban
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Social media companies will face hefty fines of up to $50 million for violating a ban on kids under 16 accessing their platforms.
Banned financial advisor faces charges over undisclosed commissions
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A banned financial advisor has landed himself in court after allegedly taking secret commissions from clients.
CBA slams class actions’ ‘misguided’ theory on appeal
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CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
Judgment in CBA class actions could affect insider trading cases, Full Court told
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The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.
Second law firm investigating class action against Coles, Woolworths
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Coles and Woolworths face a possible second class action over alleged dodgy discounts the subject of enforcement action by the consumer watchdog.