ASIC takes aim at payday lenders after court found they can’t dodge Credit Act

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The corporate regulator has again initiated proceedings against Gold Coast-based BHF Solutions and Cigno for allegedly providing credit without a licence after the lenders failed to convince the Full Court that their services fell outside the scope of the Credit Act.

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PFAS class action member faces opt out hurdle after $22M settlement

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A resident of the Wreck Bay Aboriginal Community has been granted more time to decide whether he wants to bring a late bid to opt out of a class action after a $22 million settlement over PFAS contamination was approved, but a judge has warned he will face a high bar. 

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Slater & Gordon personal injury specialist to take helm as CEO

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Slater and Gordon’s chief client officer will take the reins as boss following the retirement of John Somerville, the executive brought in from KPMG five years ago to remake the plaintiffs law firm.

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ACL offers sell-off to win approval for $1.5B Healius merger

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Pathology giant Australian Clinical Labs has proposed a divestiture of collection centres amid competition concerns about its proposed takeover of competitor Healius, the owner of Dorevitch Pathology.

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ASIC appeals partial loss in case against funeral insurer

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The Australian Securities and Investments Commission has filed an appeal after a judge ordered ACBF Funeral Plans to pay $1.2 million for misleading its First Nations customers, less than one-fifth of what the regulator sought.

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Consolidated Downer EDI class action carries the day

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Two law firms that were able to “work cooperatively” to join their cases have been awarded carriage of a shareholder class action against mining firm Downer EDI. The judge overseeing the proceedings also approved a group costs order application that proposed a “reasonable rate” of return to the firms.

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Zoetis class action applicant to pay $2M in costs for ‘off the planet’ case

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Livestock drug company Zoetis has agreed to accept a $2.1 million payout to cover its costs in successfully defending a class action dubbed “totally off the planet” by a judge.

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Crypto class action against Meta, Google halted due to conflicts

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A judge has permanently stayed a class action accusing Meta and Google of breaching competition law by banning cryptocurrency ads, finding there was a potential for conflicts between the self-represented applicant, who is also funding the case, and group members.

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Opal Tower engineer wins class action costs from Icon insurers

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Opal Tower engineer WSP has succeeded in claiming the costs of a class action from insurers for builder Icon, with a judge finding engineers were not excluded from the policy’s coverage for subcontractors.

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