‘Surprising and concerning’: AMP hit with $14.5M penalty in fees for no service case

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A judge has imposed a $14.5 million penalty on five AMP entities, saying it was “surprising and concerning” that the wealth manager deducted $356,000 from customers’ superannuation accounts for advice they never received, despite numerous complaints.

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One year after scolding from judge, TWE class action still stalled in discovery

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A judge has raised concerns with Maurice Blackburn and Slater & Gordon for their slow progress in a consolidated shareholder class action against Treasury Wine Estates, one year after scolding the firms for their delay in filing evidence.

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Opal Tower engineer must hand over policies, bank records in class action coverage spat

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Opal Tower structural engineer WSP has been ordered to produce all professional indemnity policies covering its work on the defective building in a lawsuit against insurers for builder Icon, despite arguing for the “commercial sensitivity” of the information.

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Judge rejects A One Multi receiver’s request for future remuneration

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Two receivers for unlicensed investment scheme A One Multi Services have lost their bid to have 85 per cent of their future remuneration paid out immediately, with a judge agreeing with the corporate regulator that the receivers should not have “what are in effect trust funds”.

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Pizzeys resolves client poaching case against lawyers who launched rival firm

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IP firm Pizzeys Patent and Trade Mark Attorneys has dropped a lawsuit accusing two of its former lawyers who left to form a competing boutique of violating non-compete clauses in their employment contracts.

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Sacked partner in Lendlease ‘tax dodge’ suit wants Full Court to weigh in on whistleblower laws

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A former Greenwoods & Herbert Smith Freehills partner wants the Full Court to decide whether whistleblower protections apply retrospectively in a $13 million suit alleging he was sacked for complaining about the tax avoidance strategy of construction giant Lendlease.

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In loss for ATO, judge rules Liberty Financial schemes were not ‘artificial or contrived’

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A judge has ordered that part of a decision by the Australian Taxation Office over three alleged schemes by Liberty Financial to obtain tax benefits be set aside, rejecting arguments that the corporate group’s operations were “artificial or contrived”.

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