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ASIC’s case accusing Westpac of insider trading before the $16 billion privatisation of electricity provider Ausgrid should be heard “as quickly as the court can deal with it”, a judge has said.
In third bank action brought over Forum Finance scandal, SMBC seeks $99M
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Japanese bankng giant SMBC has emerged as the latest lender with exposure to an alleged fraud carried out by Sydney-based Forum Finance, with proceedings filed seeking recovery of almost $99 million it says it paid to a unit of Forum Group and controversial director Bill Papas.
Sky News, Jacinta Price hit with defamation suit by news outlet over domestic violence claims
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Independent online news outlet First Nations Telegraph has filed defamation proceedings against News Corp’s 24-hour news channel Sky News Australia and Alice Springs deputy mayor Jacinta Price over comments she allegedly made on the controversial TV program Outsiders.
General Motors wants to declass Holden franchisee class action
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Car giant General Motors, which faces a class action by former Holden franchisees, wants to strip the case of class status, arguing that “idiosyncrasies” in group member claims could result in further lawsuits even after a judgment in the case.
Class action members having ‘second thoughts’ after payments from Monash IVF, court told
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Monash IVF patients who accuse the company of destroying viable embryos are having “second thoughts” after accepting payment offers by the fertility clinic and signing away their rights to participate in a class action, a Victoria Supreme Court judge has heard.
Jones Day partner appointed Westpac’s new group GC
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A senior partner at Jones Day and member of the advisory committee to the Australian Law Reform Commission has been appointed Westpac’s new group general counsel.
Little River Band sues record label over alleged Spotify hack
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Iconic Australian rock band Little River Band has filed a lawsuit against an Adelaide-based record label, in the latest chapter of a long and sordid trademark dispute between current and former band members.
Settlement reached in Takata airbags class actions
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Six of the world’s largest car makers have agreed to settle class actions accusing them of selling cars with deadly Takata airbags.
Gilbert + Tobin IP litigator Natalie Zwar hits the right notes in music, and in law
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Although she planned a career as a professional flautist, the law is where Gilbert + Tobin’s Natalie Zwar ended up, using her talent and love of music to build a successful practice in cutting-edge intellectual property litigation.
Negligence claims in COVID-19 class actions should be axed, aged care providers tell court
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Two Melbourne-based aged care providers want negligence claims that are unrelated to COVID-19 removed from class actions over their handling of the pandemic, in a move that may exclude a “very large number” of group members from the proceedings.