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Wealth manager Escala Partners has failed in its bid to restrain two senior financial advisors who defected to rival Crestone from working in wealth management and soliciting its clients.
Competition class action against AGL Energy in doubt after funder exits
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The future of a competition class action against AGL Energy is in doubt after being abandoned by its funder, despite evading the energy supplier’s bid to dismiss the case.
Are settlement CFOs OK? Full Court to finally have its say
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With bated breath class action litigators and funders have waited for this day, when the Full Federal Court decides the question of power to make common fund orders at settlement. They aren’t the final arbiters, but the judges’ ruling may be no less important for that.
Class action filings down but data breach cases to increase: report
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Despite an influx of data breach class actions and a large number of competing proceedings, the past financial year has seen the lowest number of new class actions filed in six years, according to a new report.
Legal challenge to Mount Pleasant coal mine extension fails
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A decision by federal environment minister Tanya Pibersek to greenlight the extension of two mega coal mines in NSW was “legally open” to her, a judge has ruled, despite acknowledging the “existential threat” of climate change.
Settlement in sovereign bond class action gets court’s nod
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A judge has approved the settlement of a class action brought on behalf of sovereign bondholders over the disclosure of climate change risks, despite a late scrap with the government over whether the deal puts a stop to future cases.
ASIC seeks urgent orders barring payday lenders from enforcing ‘harmful’ loan contracts
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The Australian Securities and Investments Commission is seeking to restrain payday lenders Cigno and BSF Solutions from enforcing loan fees against 10,000 customers.
Qantas takeover target Alliance faces harassment case
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A former flight attendant trainee has filed a lawsuit against fly-in fly-out operator Alliance Airlines, which was the subject of a takeover bid by Qantas earlier this year, claiming he was dismissed for complaining of harassment.
Class action investigation underway into Cipro antibiotic
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An Australian law firm is investigating a class action against drug manufacturers over a commonly prescribed antibiotic said to cause “disabling” side effects, including nerve damage and psychosis.
Nose job patient hit with indemnity costs after refusing surgeon’s ‘exceptionally generous’ offer
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A nose job patient who allegedly defamed his surgeon has been hit with indemnity costs after refusing the surgeon’s “exceptionally generous” offer to settle.