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AMP has agreed to pay $100 million to settle a class action by financial advisers over its buyer of last resort policy, after suffering a loss at trial.
Bruce Lehrmann admits he gave false evidence to AFP
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Accused rapist Bruce Lehrmann has admitted during cross-examination in his defamation trial against Network Ten that he gave false evidence in an interview with the Australian Federal Police, which he relied on during a criminal trial last year.
Mercer Financial hit with $12M penalty for fees-for-no-service conduct
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me A judge has ordered wealth manager Mercer Financial Advice to pay a $12 million penalty for “extremely serious” fees-for-no-service conduct and breaches of its fee disclosure obligations, in a case brought by the Australian Securities and Investments Commission. In the case,…
United class action wants to add commission agents, join parent company
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A franchise class action against United Petroleum has asked a court for leave to expand the class action to include a group of commission agents and to add the oil company’s parent as a third defendant.
ASIC dodges indemnity costs for ‘unreasonable’ rejection of settlement in case against liquidator
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ASIC has escaped an individual insolvency practitioner’s bid for indemnity costs in its failed case alleging illegal phoenix activity, with a judge finding the regulator did not unreasonably reject a settlement offer that would have netted it “a considerably better result” than it won at trial.
Sandoz tries again to invalidate Xarelto patents
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Novartis unit Sandoz AG has filed an appeal after it was was barred from selling a generic version of top-selling blood clot drug Xarelto and failed to revoke two Bayer patents for the drug.
Phoney Airtasker lawyer wins three-month cut to sentence on appeal
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A judge has reduced the jail sentence imposed on a Brisbane man who falsely represented he was a lawyer on the Airtasker app, but refused his bid to get away with a fine, saying a prison term “was the only appropriate sentencing option” in the case.
KPMG asks High Court again to hear class action transfer fight
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Accounting firm KPMG has asked the High Court for a second time to weigh in on the relevance of a contingency fee order made in a Victoria Supreme Court class action to its bid to transfer the case to NSW.
Bruce Lehrmann went into ‘deep spiral’ after The Project interview aired, court told
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Giving testimony during the first day of trial in his case against Network Ten, Former Liberal staffer Bruce Lehrmann said he suffered significant mental health struggles after the broadcaster aired allegations he raped fellow staffer Brittany Higgins at Parliament House.
Bruce Lehrmann settles defamation case against ABC
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Former Liberal staffer Bruce Lehrmann has settled his defamation case against the Australian Broadcasting Corporation over coverage of the alleged rape of Brittany Higgins on the first day of trial, with proceedings to continue against Network Ten and journalist Lisa Wilkinson.