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Online lender Prospa delays float to deal with ASIC queries
Financial Services 2018-06-06 2:26 pm By Christine Caulfield

Online small business lender Prospa postponed Wednesday’s expected float for 48 hours to “clarify” questions by the corporate regulator over its small business loans. 

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Class action filed against BHP Billiton over Brazil dam disaster
Class Actions 2018-06-06 12:08 pm By Christine Caulfield

BHP has been hit with a shareholder class action over the deadly Samarco mine disaster that wiped off $25 billion from the share price of the mining giant.

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Ex-Citi, Deutsche CEOs among 6 charged over alleged ANZ cartel
White Collar 2018-06-05 6:07 pm By Christine Caulfield

High-ranking bank officials, including the former CEOs of Citigroup and Deutsche Bank in Australia, are among the executives charged over a cartel involving a $2.5 billion ANZ institutional share placement.

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VW wants Bannister Law class actions shut down
Class Actions 2018-06-05 2:58 pm By Christine Caulfield

The fate of class actions against Volkswagen in the sprawling Australian case over the car maker’s diesel emissions cheating scandal will be the subject of a major court battle starting Wednesday.

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Jenny Craig cut down to size with ACCC penalty
Competition & Consumer Protection 2018-06-05 12:01 pm By Christine Caulfield

Weight loss centre Jenny Craig has been ordered to pay a penalty for misleading television ads that promised people could lose up to 10 kilos for a $10 free.

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Appco appeals ruling in $85M ‘sham’ contracting class action
Class Actions 2018-06-05 11:41 am By Christine Caulfield

Leading fundraising company Appco Australia Group is challenging a judge’s decision to let a $85 million wage case move forward as a class action.

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High Court lets stand Pfizer’s early discovery win
Intellectual Property 2018-06-04 10:55 pm By Christine Caulfield

The High Court has rejected a bid by biopharmaceutical company Samsung Bioepis Australia to challenge a ruling granting Pfizer preliminary discovery for a potential patent infringement case over autoimmune drug Enbrel.

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Squire Patton Boggs appeals stay of GetSwift class action
Class Actions 2018-06-04 11:46 am By Christine Caulfield

Law firm Squire Patton Boggs is appealing a ruling that permanently stayed its case against technology startup GetSwift in favour of a competing class action.

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Marketing firms face multimillion dollar wage theft class actions
Class Actions 2018-06-04 11:22 am By Christine Caulfield

In the wake of a major ruling approving a wage class action against fundraiser Appco, more “sham” contracting suits were launched Monday, this time against two international direct marketing companies.

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Unlockd and loaded: A startup takes on Google
Analysis 2018-06-01 10:21 pm By Christine Caulfield

Unlockd’s case against Google is the first action in Australia to test a revamped law prohibiting misuse of market power, and one of the first private cases in the world to challenge Google’s dominance in court. For both sides, the stakes couldn’t be higher.

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