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KPMG has hit back at a shareholder class action over allegedly misleading statements made ahead of CuDeco’s collapse in 2020, placing blame on the defunct mining company, its directors and group members themselves.
CIMIC wins access to institutional investor details in shareholder class action
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Construction firm CIMIC has won its bid to view identifying information about institutional investors in a shareholder class action, despite the applicant’s claims it could deter group members from signing on to the case.
‘ASX Wolf’ trader permanently banned from carrying on unlawful financial services business
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Gold Coast ‘finfluencer’ Tyson Scholz has been permanently barred from conducting a financial services business without a license, after a court found he provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ‘Black Wolf Pit’ chat room.
High Court snubs Sunwater in appeal over coverage for $440M floods settlement
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The High Court has rejected dam services provider Sunwater’s request that it weigh in on a dispute over insurance coverage for a $440 million class action settlement with victims of the 2010-2011 floods in Queensland.
Monster Energy hit with patent infringement suit over branded pull tabs
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Monster Energy has been sued by an inventor who claims that the beverage giant infringed his patent for laser etched pull tabs like those used to package its energy drinks.
‘Too simplistic’: Judges’ support for disclaimer challenged in class action’s High Court appeal
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The farmers leading a class action against Advanta Seeds over contaminated product have brought their case to the High Court, challenging an appeals court’s holding that a disclaimer nullified the company’s duty to protect growers against economic loss.
As trial in family feud nears, Gina Rinehart’s Hancock Prospecting rebuked for contributing to delay
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A judge has granted a discovery bid by two of Gina Rinehart’s children as a long-running fight over ownership of a valuable mining tenement nears trial, and has rejected her company’s argument that they were solely responsible for dragging out a dispute over documents.
Architecture firm to pay $975,000 for attempting to rig bids on $250M university project
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Award-wining architecture firm Ashton Raggatt McDougall and its former boss have agreed to pay a combined $975,000 in penalties for attempting to rig bids on a $250 million building project at Charles Darwin University.
Carnival wins strike-out bid in class action over gastro outbreaks
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Carnival has won its bid to strike out a class action over norovirus outbreaks on its Sun Princess cruise ship.
Essure contraceptive ‘safe and efficacious’, Bayer tells class action trial
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Bayer told a jury that clinical trials from the 1990’s to 2014 showed its Essure birth control device was “safe and efficacious”, as the pharmaceutical giant faces trial in a class action by patients who claim they suffered debilitating injuries from the device.