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Another auditor has landed in hot water over collapsed video company Big Un’s 2017 independent audit, with the lead accountant charged with making a false or misleading statement.
King & Wood Mallesons may be dragged into class action over ‘colossal disclosure debacle’
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King & Wood Mallesons could be dragged into a class action by commercial fishing operators against Gladstone Ports Corporation over a “colossal disclosure debacle” in which the late discovery of 39,000 documents derailed a planned September hearing.
Lawyers the only winners in Guvera class action settlement, judge says
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A judge has approved a $155,000 settlement in a class action on behalf of investors in failed streaming platform Guvera which racked up $500,000 in legal fees, saying the case should never have been filed as a class action and didn’t advance group members’ interests “one iota”.
Judge hits Westpac unit with $20M penalty over conflicted remuneration
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A judge has signed off on a $20 million penalty against Westpac subsidiary BT Funds Management for improperly charging 9,000 members insurance premiums that included commissions to financial advisers, a practice that was banned in 2013.
Former associate says she was ‘shamed’ out of role for dating Supreme Court judge
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A former judge’s associate has filed a discrimination complaint against the Tasmania Supreme Court alleging she was “shamed and humiliated” out of her role because of her relationship with one of the court’s judges.
TerraCom continues fight to keep PwC report from ASIC investigators
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Coal mining firm TerraCom has taken its bid to shield a PricewaterhouseCoopers report from ASIC to the Full Court, appealing a judgment which found the regulator could view the report because of public statements made by the company.
Priceline class action discontinued after funder bows out
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A judge has approved a bid by group members to discontinue a class action alleging pharmacy giant Priceline exercised an “overly prescriptive level of control” on franchisees which limited their profitability, saying it was unlikely to succeed with a litigation funder.
Telstra hits back at Queensland silk who lost phone numbers in NBN transfer
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Telstra has denied that it is liable to compensate a Queensland barrister who lost his phone numbers in an NBN transfer, arguing that it was the silk’s decision to terminate his contract with the company.
Nine denies discrimination in class action over $30M Palm Island settlement coverage
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Nine has hit back at a class action by Indigenous Australians who say the broadcaster’s coverage of a $30 million class action settlement with the Queensland government for alleged police misconduct during the 2004 Palm Island riots was discriminatory and inaccurate, saying it reported the events “fairly and accurately”.
Toyota could owe $2B in class action after judge finds cars were defective
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Toyota could owe close to $2 billion in compensation to 260,000 car owners after a judge found that diesel filters installed in its Hilux, Fortuner and Prado models were defective and that the cars were sold for more than they were worth.