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Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Treasury has no time to list ‘opportunistic’ class actions driving reform bill, committee told
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Combatting “opportunistic” class actions is one of the main drivers behind proposed legislation to reform Australia’s continuous disclosure laws, but the federal treasury department has brushed off a Senate committee’s request for a list of cases apparently deserving of the derogatory tag.
Silk on cutting-edge IP cases elevated to Federal Court
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A top intellectual property barrister who has worked on cutting-edge cases that raise novel questions about the patentability of inventions has been appointed to the Federal Court.
How the world of class actions lured PFM’s Tim Finney from the musical underground
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To those who know Tim Finney as the talented solicitor who helped launch a successful law firm at the age of 34, it might come as a surprise to learn that the Litigation Rising Star once had a paying gig as a music journo meditating on, or grappling with, in his own words, “the eternal difficulty of capturing how the sound of sound affects us”, and other things ineffable.
ACCC will not oppose Woolworths’ planned $552M investment in PFD
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The ACCC has cleared Woolworths’ planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant’s proposed undertaking to maintain independence between the company for three years.
Volkswagen asks High Court to toss landmark $125M Dieselgate penalty
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Volkswagen has asked the High Court to throw out a a landmark $125 million penalty over its emissions cheating scandal, the highest ever handed down in Australia for consumer law violations.
Ben Roberts-Smith takes stand as court hears of cover up of six murders
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Ben Roberts-Smith took the stand on Thursday after publishers accused of defaming him detailed how the war veteran allegedly murdered six civilians and engaged in a cover up campaign, with the soldier saying he was “devastated” by the allegations.
Icon, structural engineer WSP added as defendants in Opal Tower class action
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Opal Tower builder Icon and structural engineer WSP Structures have been joined as defendants in a class action brought by property owners, who have also added a slew of consumer law claims to the complex proceedings.
Westpac attacks ASIC ‘junk’ insurance case, says customers agreed to take out cover
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Westpac has shot back at a lawsuit brought by ASIC over the selling of alleged poor value insurance products, with the bank saying its customers had agreed to take out the “optional” coverage.
ASIC brings action against shipbuilder Austal over $3.5B US Navy program
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Defence shipbuilder Austal has been hit with regulatory action over market disclosures linked to cost overruns with the company’s $3.5 billion US Navy warship program.