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Online broker International Capital Markets has been hit with a second class action for selling “excessively risky” derivative products known as contracts for difference to retail investors.
AMA Group drops poaching case against three former execs
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Car repair giant AMA Group has resolved its case against three former executives that sought to block them from poaching staff and customers for competing business Drive Group.
Former ACCC head calls on government to address price-gouging
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A report by former ACCC head Allan Fels has found that corporate greed and lack of competition is to blame for the continued high prices experienced by Australians and called on the government to take action to fill the regulatory gaps that allow businesses to engage in price-gouging.
Right to disconnect from work law set for passage
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The Greens have struck a deal with the Albanese government to legislate a right to disconnect, which could see employers fined if they make unreasonable contact with employees outside of work hours.
Telstra pushes off hearing in $45M fight with former contractor
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Telstra has won its bid to vacate a hearing in a case by former contractor Kingfisher Mobile seeking to bar the telco from migrating customers to a new mobile services provider, after a judge found Kingfisher’s delay in filing the case meant meeting the date would be unfair.
Influential judge remembered for ushering in ‘brutal’ case management rules
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Practitioners have marked the passing of former NSW Supreme Court Justice Andrew Rogers KC, who will be remembered for transforming commercial litigation through his vigorous, often “brutal” approach to case management.
Judge approves 27.5% GCO in ‘complex’ Medibank class action
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A judge has signed off on a 27.5 per cent group costs order in a consolidated shareholder class action against Medibank over a cyberattack that affected 10 million customers, noting the “significant risk” taken on by the two plaintiff law firms running the action.
Law firms team up to run class action against IG Markets over CFDs
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Two firms have agreed to consolidate their class actions against online trading platform IG Markets over risky CFDs, but the company failed in a bid to have the two funders behind the cases liable for 100% of any security for costs order lest one funder defaults.
3M may face class action over ‘defective’ combat earplugs
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US consumer goods giant 3M is facing a possible class action on behalf of members of the Australian Defence Force who allegedly suffered hearing loss from defective combat earplugs.
Clive Palmer loses second bid to shut down criminal cases
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Mining magnate Clive Palmer has lost an appeal seeking to throw out two criminal cases over a takeover bid and payments to his political party, with an appeals court finding the challenge was an abuse of process.