Law firms lay down swords in Mesoblast shareholder class actions

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Two law firms that filed competing class actions against regenerative medicine company Mesoblast for allegedly misleading shareholders about its Remestemcel-L treatment for COVID-19 complications have agreed to join forces and sidestep a beauty parade.

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Hyundai, Kia face class action investigation over engine defect

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South Korean car makers Hyundai and Kia are facing a class action investigation in Australia over cars containing potentially defective petrol engines, after agreeing to a settlement worth more than $1 billion in related US litigation last year.

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Law firms’ agency agreement prevails over ‘opaque’ funding in Nuix class action battle

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Law firms Shine Lawyers and Phi Finney McDonald have won a contest to jointly run a class action against embattled tech company Nuix, with rival Banton Group losing out on its “opaque” funding agreement.

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Blue Sky, auditor EY hit with shareholder class action

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Failed asset manager Blue Sky Alternative Investments has been served with a class action over the company’s alleged overstated financial reports between 2016 and 2018 that also targets nine former directors as well as auditors Ernst & Young.

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Murdoch sues Crikey for defamation over Trump ‘co-conspirator’ claim

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Fox News CEO Lachlan Murdoch has brought defamation proceedings against Crikey over an article allegedly linking him to the US Capitol riot, a day after the independent news publisher challenged the media mogul scion to sue.

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Morrison faces inquiry over multiple ministries, as SG says appointments ‘undermined’ responsible government

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The Albanese government will launch an inquiry into former prime minister Scott Morrison’s secret ministerial appointments after releasing a report by the Solicitor General, which found the appointments legally valid but “inconsistent” with the practices of responsible government.

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Sister wins Darling Point round in Macarthur-Onslow family feud

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The death last year of a protagonist in the drama has not ended the legal spat between the children of one of Australia’s richest families over a deed of settlement intended to resolve a family feud over assets.

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Lawyers’ failure kept me from claiming privilege, says Mayfair’s Mawhinney

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The founder of beleaguered investment group Mayfair 101, James Mawhinney, has argued that multiple law firms failed to advise him of the privilege against self-exposure to penalty in proceedings brought by the corporate regulator, which saw him banned from soliciting funds or promoting any financial product for 20 years.

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