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A judge has given his approval to the takeover of Crown Resorts by US private equity group Blackstone.
Judge questions law firm founder on why employment class actions are worth it
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A judge has questioned whether class actions are the best way to resolve underpayment disputes during a hearing on a settlement in two class actions against supermarket chain Romeo’s, which one group member called “criminally unfair.”
Six judges make Queen’s Birthday Honours List for service to the law
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Six judges made this year’s Queen’s Birthday Honours List for their service to the law and the judiciary.
Quintis investors to get $4.7M in class action settlement, court told
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Two years after an insurance dispute scuttled a proposed settlement, group members in two class actions against sandalwood producer Quintis are set to receive $4.7 million in a settlement with the defunct company.
ASIC wins contested extension in Mayfair, Mawhinney appeals
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A judge has granted ASIC a hotly contested extension of time in appeals brought by Mayfair Group and founder James Mawhinney after a judge slapped the investment group with a $30 million penalty.
Law firm seeks 30% cut in EML shareholder class action
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The law firm that’s running a shareholder class action against payment processing company EML will seek a group costs order for a 30 per cent cut of the suit’s proceeds.
ASIC puts funds on notice about ‘greenwashing’
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The Australian Securities and Investments Commission has put issuers of superannuation and managed funds on notice that it is monitoring the market for ‘greenwashing’ in promotions for sustainability-related products.
$630,000 legal bill should be borne by all Drakes class action members, court told
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A law firm is seeking a funding equalisation order to have all group members contribute to the $630,000 legal bill it racked up in running an underpayments class action on behalf of Drakes store managers that has settled for $2 million.
Toyota appeals loss in $2B diesel filter class action
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Toyota has lodged an appeal of a judgment that could see it owe around $2 billion to 260,000 car owners for selling vehicles with defective diesel filters for more than they were worth.
Sims settles shareholder class action for $29.5M
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Recycling company Sims Limited will pay $29.5 million to settle a shareholder class action alleging earnings guidance for FY16 failed to account for the likely prospect of falling scrap metal prices.