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A new funder is backing a shareholder class action that will be brought against Australian regenerative medicine company Mesoblast over disclosures related to its Remestemcel-L treatment for COVID-19 complications.
Class action against Suncorp unit wants opt out notice delayed till eve of trial
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The law firm behind a consumer class action against Suncorp subsidiary AAI over add-on car insurance says notices to group members should not be sent until the case is ready for trial and the “information asymmetry” is corrected.
Judge finds ‘no immediate threat’ of harm in ASIC’s contempt case against Mayfair’s Mawhinney
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The Australian Securities and Investments Commission has lost an interim injunction bid against the director of investment firm Mayfair 101 in its case seeking a contempt finding, despite arguing there was a substantial risk of harm to consumers.
Franchisees appeal $1.2M security order in Hog’s Breath Cafe class action
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Franchisees of the Hog’s Breath Cafe restaurant chain are challenging a ruling that they hand over $1.23 million in security for the defence costs of the franchisor in their class action.
Government loses evidence spat on eve of damages trial in Navy training class action
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The federal government has lost a bid to submit additional evidence ahead of an upcoming damages trial in a class action brought on behalf of 200 Navy marine technicians over a breached training contract.
Jones Day recruits leading energy partner from Clayton Utz
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US law firm Jones Day has nabbed leading energy and natural resources partner Dan Howard from Clayton Utz after more than 26 years with the firm.
Supreme Court judge accused of sexually harassing associates identified as Peter Vickery
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Peter Vickery QC has identified himself as the former judge of the Victorian Supreme Court who an investigation found had sexually harassed two of his associates, including by writing sexualised poetry and making unwelcome sexual advances.
Settlement in GetSwift shareholder class action off the table for now
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A settlement in a shareholder class action against GetSwift has collapsed as the logistics company seeks to secure financing to keep it afloat and pay the final portion of the deal’s $1.5 million cash component.
Viterra to pay $168.9M for misleading Cargill during Joe White sale
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Grain producer Viterra will be ordered to pay Cargill Australia $168.9 million after a judge found the Glencore-owned company misrepresented the performance capabilities of malt producer Joe White when it sold the company for $420 million in 2013.
Aware Finance cops $20M penalty in ASIC fees for no service action
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Aware Finance, formerly StatePlus, has been fined $20 million for charging over 25,000 customers approximately $50 million for services they did not receive.