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BHP Group has lost its High Court battle to keep foreign investors from an Australian shareholder class action over the devastating collapse of a Brazilian dam.
Ruby Princess COVID-19 outbreak ‘no accident’, class action trial hears
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A COVID-19 outbreak aboard the Ruby Princess that left 28 people dead was “something that was very likely to happen” and the cruise should never have sailed, a court heard as a class action trial against Carnival PLC kicked off.
Class action wants AMP, Clayton Utz emails over controversial fees for no service report
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A class action over AMP’s fees for no service practice wants communications with law firm Clayton Utz that led up to a report that allegedly went through 25 rounds of edits with the wealth manager’s inhouse lawyers before being presented to the corporate regulator as independent.
Ads for new judges could be in store as AG vows transparent system for appointments
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The use of advertisements to find eager applicants to fill federal judicial vacancies has been foreshadowed by the Attorney-General as he promises to bring more transparency and integrity to the process for appointing judges.
Paltry pay day for IPO Wealth investors as $5.6M class action settlement approved
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Investors in Mayfair Group’s collapsed IPO Wealth Fund have clawed back only a fraction of their alleged $67 million losses after a judge approved a settlement in a class action alleging the fund’s trustee misled unit holders.
‘Utterly hopeless’: Ex-commando pans ABC’s truth defence to war crimes coverage
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A former special forces commander who has sued the Australian Broadcasting Corporation over stories that allegedly imply he committed war crimes in Afghanistan is seeking to throw out the broadcaster’s truth defence, a court has heard.
Mayfair’s James Mawhinney wants High Court to shut down ASIC case
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The founder of beleaguered investment group Mayfair 101, James Mawhinney, has asked the High Court to overturn his own successful Full Court appeal of a decision that saw him banned from soliciting funds or promoting any financial product for 20 years.
Rival takes down Saputo Dairy’s ‘Ascend’ trade mark
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US-based mozzarella giant Leprino Foods has succeeded in removing Canadian dairy company Saputo’s ‘Ascend’ trade mark for non-use.
Funder’s commission holding up Opal Tower class action settlement
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A $13 million commission sought by the funder that bankrolled the Opal Tower class action is stalling settlement approval, as debate continues over whether the funder can recoup the costs of after-the-event insurance from group members.
Former SMEC employees charged over foreign bribery conspiracy
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Two former employees of the Snowy Mountain Engineering Corporation have appeared in court facing foreign corruption charges linked to Sri Lankan infrastructure projects worth $14 million.