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The Commonwealth Bank will plead guilty to criminal charges following an ASIC investigation over misleading representations to customers who purchased add-on consumer credit insurance.
Nuix scolded by judge for defaulting on orders in former CEO’s case
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A judge overseeing a case brought by the former boss of Nuix has taken the embattled technology company to task for failing to comply with court orders that it file evidence by the end of last week.
EY nears settlement in negligence case over Coca-Cola Amatil sale of SPC
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EY has reached an in-principle settlement in a case brought by Melbourne-based joint venture Shepparton Partners Collective alleging the consulting giant was negligent, but the firm copped a dressing down from a judge on Thursday for asking him to keep its motion to toss the case on ice.
Lawyers on notice as watchdog launches anonymous harassment reporting tool
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An online tool launched Thursday by the Victorian Legal Services Board and Commissioner enables targets and witnesses of sexual harassment to anonymously report incidents to the Sexual Harassment Complaints handling team.
Law firm mulls legal action after Whitehaven coal mine extension gets approval
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Federal environment minister Sussan Ley has approved a controversial coal mining project that is expected to release 100 million tonnes of carbon dioxide into the Earth’s atmosphere, despite a landmark ruling that the government has a duty of care to consider the impact of fossil fuel projects on the next generation of Australians.
Insurer JLT resists bid to expand class action on eve of trial
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Insurance broker JLT Risk Solutions has opposed an application by a group of NSW councils to add misleading and deceptive conduct allegations to a long-running class action, claiming the changes would force the vacation of a five-week trial due to start in October.
ACCC concerned JBS acquisition would give it too much pork on its fork
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The ACCC has called for further public submissions on a proposed acquisition by JBS Australia of a Singapore-owned pig farm and abattoir business after it raised preliminary competition concerns with the $175 million sale.
‘Serious neglect’: Disciplinary board cancels Halifax auditor’s registration
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The former lead auditor of stockbroker Halifax Investment Services, whose 2018 collapse resulted in $200 million in investor losses, has had his registration cancelled following an application by the Australian Securities and Investments Commission.
Car makers to pay $52M to settle Takata airbags class actions
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Six of the world’s largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.
Allianz loses bid for class action beauty parade
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A judge has signed off on a proposal by two law firms to jointly run a consolidated class action against Allianz over add-on car insurance, shooting down the insurer’s argument that a beauty contest would promote competitive contingency fee rates.