More law firms ready class actions over Downer’s $40M earnings overstatement

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More class action law firms have pounced on Downer EDI’s “accounting irregularities” that led to the company overstating profits by up to $40 million.

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Directed Electronics wins $3.27M in Hanhwa trade secrets case, with damages still to come

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Automotive electronics company Directed Electronics is set to claw back $3.27 million in commission payments made to a former manager through a secret side agreement with South Korean giant Hanhwa, with a ruling on damages still to come in the five-year case.

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NextEra sues Spain in Australia to enforce $472M arbitration award

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A Dutch renewable energy company has brought proceedings in the Federal Court to enforce a $472 million arbitration award against Spain over changes to its energy policies, after the country lost a similar case in the High Court. 

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Meridian continues raid of McCabes to grow insurance team

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National law firm Meridian Lawyers has nabbed two senior practitioners from McCabes for its insurance group, less than a month after luring 14 lawyers and staff from its competitor.

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Pro bono limitations could deter lawyers from going in-house, ACC warns

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Rules limiting the amount of pro bono work in-house lawyers can perform should be updated, Australia leading body representing corporate counsel has advised, citing concerns that the restrictions will discourage young lawyers from working in-house.

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‘Plagued with competing class actions’: Judge stays latecomer Medibank case for now

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A judge aggrieved by the “plague” of competing class actions in the courts has temporarily stayed a second data breach class action against Medibank, and directed the health insurer to ask the privacy commissioner to drop the investigation of a third case.

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‘Not fit for purpose’: Court’s remarks on serious harm test show flaws in defamation law

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A recent decision by the Federal Court that questioned whether the introduction of a serious harm test in defamation law could infringe the Judiciary Act has shone a light on the need for a federal defamation framework, legal experts say. 

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Opal Tower class action funder’s appeal of cuts to commission falls flat

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An appeals court has shot down funder Augusta’s challenge to a decision that cut its commission in the Opal Tower class action, putting funders on notice that they will have to marshal compelling evidence to win approval for their returns from an increasingly watchful court.

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