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CBA plans to file a cross-appeal in the class actions before the High Court, contending the shareholders — who argue they should have won their loss case — failed to establish disclosure breaches at the threshold.
Keystone’s Paul Chiodo can’t dodge receivers’ subpoenas for bank records
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Ex-Keystone director Paul Chiodo has failed in his fight against subpoenas by receivers over bank statements, despite arguing they were a fishing expedition aimed at clawing back investor funds.
Class action against ADF says sex discrimination law applies overseas
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A landmark class action over alleged systematic sexual violence, discrimination and harassment in the Australian Defence Force will argue that the Sex Discrimination Act applies to incidents that occurred overseas.
AstraZeneca wins injunction against Pharmacor’s generic diabetes drug
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AstraZeneca has won an interlocutory injunction barring Pharmacor from making a generic version of its blockbuster diabetes drug Forxiga while a patent case over the drug proceeds.
Twitter defeats case over replies to alleged defamatory tweets
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A judge has ruled that a self-represented litigant who settled proceedings against Twitter in 2021 over alleged defamatory tweets cannot pursue a case over replies later made to those tweets.
Ashurst nabs insolvency lawyer from HWL Ebsworth
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Ashurst has appointed a new partner to its restructuring and governance practice, nabbing a partner from HWL Ebsworth who represented the receivers of investment platform Brite Advisors.
High Court to hear appeal in CBA shareholder class actions
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The High Court has agreed to weigh in on two failed shareholder class actions against the Commonwealth Bank, in a case that could clarity the elusive test for damages in shareholder class actions.
ASIC failed to warn Equity Trustees about Keystone fund, court told
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Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member’s investment in the now defunct Shield fund, saying the regulator failed to warn it.
Egg donors tossed from IVF rebate class action
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Women who donated eggs to their same-sex partners have been removed from a class action that claims women and lesbian couples were unlawfully denied Medicare rebates for IVF.
Qube agrees to Macquarie’s $11.7B takeover offer
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Qube’s board has accepted an $11.7 billion takeover offer by a Macquarie Asset Management-led consortium, saying the deal represents a “significant premium” on the infrastructure giant’s share price.