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The NSW gaming regulator has suspended the Star Entertainment Group’s casino license and handed it a $100 million fine after uncovering anti-money laundering breaches and “inherently deceptive” misconduct.
Judge grills law firm for spending 180 hours on pleadings in Drakes class action
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A judge has questioned a class action firm’s claim that it and its counsel spent 180 hours and $63,000 in fees preparing pleadings in an underpayments class action against supermarket chain Drakes, saying the number of hours was not “reasonable”.
James Mawhinney sues ASIC over ‘defamatory’ media release
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Mayfair 101 founder James Mawhinney has sued the Australian Securities and Investments Commission and its deputy chair Sarah Court, alleging the corporate regulator defamed him in a media release issued last month.
Judge’s comments on class action costs ‘hurtful’, law firm says
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A law firm has lost its bid to appoint a costs referee after reaching a $5.8 million class action settlement with the On The Run convenience store chain, saying it was “hurtful” for a judge to suggest the firm wanted to “maximise its position” over group members.
Cheese makers challenge Kraft’s ‘parmesan’ trade mark
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A consortium of parmigiano reggiano producers who claim Kraft Foods’ ‘Kraft parmesan cheese’ trade will lead customers to believe the food giant’s cheese is made in Italy have taken their fight to the Federal Court.
Equity Trustees sues investment firm over currency hedge trades
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Equity Trustees has sued asset manager Tactical Global Management seeking millions in compensation for losses allegedly stemming from over-hedging trades.
Ultiqa slapped with $900,000 penalty for timeshare sales tactics
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A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.
ASIC issues stop orders on Holon crypto funds pitched to retail investors
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The corporate regulator has placed interim stop orders on three crypto funds distributed by Holon Investments Australia Limited, citing the need to protect investors from sinking money into funds that may be too risky and speculative.
High Court won’t hear appeals in COVID-19 business interruption test cases
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An appeals court’s “radical” approach in the treatment of JobKeeper payments won’t be scrutinised by the High Court, which on Friday declined to hear an appeal by IAG in the second set of COVID-19 business interruption test cases.
NAB defeats unconscionable conduct case by vehicle finance brokerage
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A judge has tossed a broker’s lawsuit against NAB and its former subsidiary FAST, finding the bank was entitled to terminate its accreditation over the use of a banned broker’s trail book.