ASIC loses case against super trustee Diversa over banned advisor

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A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.

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Class action investigation over risky CFDs aimed at broker IC Markets

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Contracts for difference are again the target of a potential class action against an online broker on behalf of inexperienced investors who allegedly lost hundreds of millions of dollars.

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White Oak claims insurer owed a novel duty of care in $6B Greensill cases

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Lender White Oak Commercial Finance will bring a novel claim against insurer Bond & Credit Company alleging it owed a duty of care to disclose an investigation into Greensill when it bought securities from the collapsed financier’s German-based bank.

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Monsanto loses bid to throw out ‘cut and paste’ expert evidence in Roundup class action

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Monsanto can’t throw out the evidence of an expert for the plaintiff in a class action over its Roundup product who has testified that the company engaged in criminal conduct in trying to bury scientific reports on the popular weed killer’s alleged cancer-causing properties.

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Judge to take on Heston Russell costs assessment after reports of $2M in fees

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The judge overseeing ex-commando Heston Russell’s defamation case against the ABC over reporting of alleged war crimes will be involved in assessing his costs after media reports put his lawyers’ fees at $2 million.  

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Diversity clause in Victorian Bar constitution fails to win the votes

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Barristers in Victoria have voted against changes to the Bar’s constitution to include the promotion of diversity and prevention of discrimination as part of the organisation’s goals.

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India can’t avoid $111.3M arbitral award over aerospace investments

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The Indian government has lost its bid to dodge a $111.3 million arbitral award in a dispute with three Mauritian companies that invested in Indian satellites, with a judge finging the country waived its foreign state immunity. 

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Citibank wants class closure before evidence in rate-rigging case

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Citibank has argued group members should be asked to sign on to a class action accusing five major banks of entering a cartel agreement to rig foreign exchange rates before evidence is filed in the case, saying it was impossible to know how much the claims were worth. 

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Journalist claims PTSD from bushfire reporting in suit against Ten

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Ten wants to stay a sex discrimination claim brought by journalist Tegan George in light of separate personal injury proceedings seeking damages from the broadcaster over PTSD allegedly caused by reporting from the 2019-2020 bushfires.

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