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Casino operator Star Entertainment has settled a lawsuit against Momento Hospitality and CEO Marcello Colosimo over the name of their latest western Sydney pub, registered as The Star Hotel.
Question of power to make settlement CFOs sent back to Full Court
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The divisive issue of whether judges are empowered to make a common fund order to distribute the costs of a funding commission at the settlement stage of a class action is headed back to the Full Federal Court next week.
In Jaguar Land Rover class action contest, ‘innovative’ funding model challenged
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A law firm has questioned an “innovative” funding model proposed by its rival in a contest to run a class action against Jaguar Land Rover over allegedly defective diesel filters in its vehicles.
Funder’s $7M cut in Fonterra class action up in the air amid CFO uncertainty
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A judge has indicated his willingness to approve a $25 million settlement in a class action against dairy co-op Fonterra, but deferred the question of the funder’s cut until after the Full Court rules on whether the court has the power to make a common fund order at settlement.
First-ever greenwashing case by ASIC targets Mercer Super
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The Australian Securities and Investments Commission has launched the first-ever civil penalty case for greenwashing, alleging Mercer Superannuation misled investors about the sustainability of its investment options.
Advanta beats back appeal in contaminated seeds class action
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Advanta Seeds has won an appeal upholding the dismissal of a class action by sorghum farmers over allegedly contaminated seeds, with a court finding that the seed producer’s duty of care was negated by clear disclaimers.
K&L Gates lures real estate partner from Arnold Bloch Leibler
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K&L Gates has snagged a partner from Arnold Bloch Leibler to bolster the real estate practice in its fast-growing Sydney office.
Star accounts for $150M in likely penalties after ASIC ‘raises concerns’
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The corporate regulator voiced concerns with Star Entertainment over its 2022 financial report, which it said made no provision for likely fines faced by the casino operator for lax compliance with money laundering laws.
AFL faces potential class action by former players over head injuries
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A Melbourne law firm is reportedly poised to file a class action against the Australian Football League, seeking compensation on behalf of former professional players who have allegedly suffered head injuries during games.
ASIC takes Noumi, top executives to court over 2019 financial reports
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The corporate watchdog has brought action against former Freedom Foods Group and its former CEO and CFO for alleged disclosure breaches relating to inventory values in its 2019 financial reports.