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The prefab concrete specialist behind Sydney’s Opal Tower has lost a courtroom bid to have its insurer pay costs in advance incurred in defending cross-claims in two lawsuits over the ill-fated tower.
CIMIC looks to strike out class action over $1.8B writedown
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Engineering services company CIMIC is looking to strike out a shareholder class action alleging it failed to keep the market informed about issues with its Middle East operations.
ACCC says Kogan should pay $2M for misleading promotion
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The Australian Competition and Consumer Commission is seeking $2 million in penalties against Kogan, after a judge found statements the online retailer made during a 2018 promotion were misleading and drew consumers into the company’s “marketing web”.
Former prosecutor in Victoria OPP’s sex offences unit loses appeal in PTSD case
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An appeals court has overturned a $435,000 win for solicitor Zagi Kozarov, a former prosecutor in the Victorian Office of Public Prosecutions specialist sexual offences unit, in her case blaming her working conditions for her severe post-traumatic stress disorder and depression.
AMP clashes with BOLR class action over releases for financial advisers
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Lawyers behind a class action against AMP over changes to its buyer of last resort policy have told a court the parties can’t agree on releases attached to BOLR payments that require exiting financial advisers to waive their claims in the litigation.
Government may block GetSwift’s relocation to Canada while litigation on foot
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Treasurer Josh Frydenberg has indicated the government may oppose GetSwift’s bid to relocate to Canada while it’s facing a $50 million shareholder class action and ASIC enforcement proceedings, a move which a judge recently described as “not a good look”.
iSignthis CEO John Karantzis rejected $30,000 offer by AFR ahead of defamation suit
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The CEO of fintech company iSignthis turned down an offer by the Australian Financial Review to pay $30,000 and retract portions of an article he claimed falsely linked him to a money laundering scheme, but his defamation case against publisher Fairfax might not proceed to trial if the judge overseeing the case can help it.
South Australia may face class action over lockdown based on pizza shop lie
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The state of South Australia is facing a possible class action over a restrictive six-day lockdown that was lifted after two days when it was discovered that a worker connected to a coronavirus outbreak in Adelaide had lied to contact tracers about the time he spent at a pizza shop.
Clive Palmer ends legal battle with Coolum Resort villa owners
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Billionaire Clive Palmer has reached a deal to end his many legal woes with villa owners at the shuttered Palmer Coolum Resort in Queensland, a month after his $21 million settlement offer was rejected.
Rio Tinto execs’ trial can wait until COVID-19 vaccine, court hears
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A former Rio Tinto executive living in the US who wants to appear in person at an upcoming trial in a case brought by ASIC says the hearing should be moved to next year when a COVID-19 vaccine will likely become available and he could travel to Australia to “mount a vital defence”.