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The Australian Competition and Consumer Commission says Meta’s proposed acquisition of customer relationship management start-up Kustomer is unlikely to have any substantial impact on competition.
Judge throws out challenge to funding for Queensland energy class action
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A judge has thrown out a lawsuit that argued the funding for a class action against two Queensland energy generators didn’t comply with new regulations targeting litigation funders, and said a landmark judgment that held class action funding agreements were managed investment schemes was conceptually incoherent and ripe for a Full Court challenge.
Ex-Pitcher Partners boss agrees Slater & Gordon audit went ‘off the rails’
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A former partner at accounting firm Pitcher Partners has testified during a shareholder class action trial that he should have questioned statements about the viability of Slater & Gordon’s $1.2 billion Quindell acquisition, but ran out of time because its audit of the firm went “off the rails”.
Judge shoots down Colonial First State’s bid for warning in class action opt out notice
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A judge has knocked back Colonial First State’s bid to warn around 100,000 group members that even if they opt out of a class action against the wealth management firm they might still be bound by the outcome of the case.
Christian Porter loses court bid for notes of meeting between silk, accuser’s friend
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A judge has denied former Attorney-General Christian Porter access to material about a crucial meeting involving Jo Dyer, the friend of a woman who accused him of rape, which he sought to bolster his appeal of the removal of silk Sue Chrysanthou from his now-settled defamation case against the ABC.
PwC hit with $43M negligence lawsuit by failed VET provider Cornerstone
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Accounting firm PricewaterhouseCoopers is facing claims of professional negligence by insolvent tertiary education provider Cornerstone for allegedly assisting the company’s former director in overstating the company’s revenue and unlawfully extinguishing his debt.
AMA Group taken to court over $5.5M smash repair acquisition
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Automotive repair specialist AMA Group has been sued by two Gosford-based smash repair businesses claiming they were not paid enough when they were purchased for $5.5 million in October 2018.
Former MP Craig Thomson arrested, charged with $2M visa fraud
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Former Labor MP Craig Thomson has been arrested and charged with reaping more than $2 million from facilitating more than 130 fraudulent visa applications.
Ex-Healthe Care exec fined $10,000 for insider trading
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A former executive of hospital operator Healthe Care has been sentenced and fined $10,000 after pleading guilty to one charge of insider trading for acquiring a large number of the company’s shares while in possession of inside information regarding plans to acquire a rival hospital operator.
7-Eleven class action contradictor says settlement CFO bid should go to Full Court
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A contradictor asked to weigh in on a $98 million settlement in class actions against 7-Eleven has said the Full Federal Court should decide an application by the funder for a common fund order, citing the importance of the issue.