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AMP appoints new GC to replace ousted Brian Salter
Financial Services 2018-05-24 10:35 pm By Christine Caulfield

AMP’s group company secretary David Cullen has been appointed top in-house lawyer, replacing Brian Salter, who was sacked for his role in the fees-for-no-service scandal.

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Fox Symes pays up over misleading ’15 second approval’ ad
Competition & Consumer Protection 2018-05-24 10:27 pm By Christine Caulfield

Debt management firm Fox Symes will pay $37,800 in penalties for misleading advertising, including its promise that customers could secure lending approval in 15 seconds.

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Westpac’s conduct ‘unconscionable’, but no BBSW rate-rigging, judge says
Financial Services 2018-05-24 3:51 pm By Christine Caulfield

Westpac Banking Corp. engaged in unconscionable conduct when it traded in bank bills in an attempt to influence the benchmark Bank Bill Swap Rate on four occasions, a Federal Court judge ruled Thursday.

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Corrs Chambers joins Ford class action amid Bannister’s funder feud
Class Actions 2018-05-23 10:18 pm By Christine Caulfield

Three weeks after a court heard Bannister Law could be forced off a massive class action against Ford, Corrs Chambers Westgarth has joined the case to jointly act for the lead applicants.

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Class actions over Willmott Forests scheme collapse wrap up
Class Actions 2018-05-23 5:17 pm By Christine Caulfield

Class actions brought by victims of the failed Willmott Forests managed investment scheme have come to a close, two years after a judge issued a stunning ruling rejecting an initial settlement as favoring clients of M&K Lawyers over other investors, and including payment of a hefty legal bill.

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Judge picks Phi Finney to lead GetSwift shareholder class action
Class Actions 2018-05-23 11:45 am By Christine Caulfield

Boutique law firm Phi Finney McDonald has been chosen among three competing cases to lead a shareholder class action against GetSwift.

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GetSwift class actions to learn their fate, and lawyers watch closely
Class Actions 2018-05-22 4:47 pm By Christine Caulfield

A decision on the fate of three class actions against logistics software company GetSwift is set for Wednesday, and counsel behind the competing cases aren’t the only lawyers waiting with baited breath.

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Judge bars ASX from delisting Chinese food retailer Winha
Exclusive 2018-05-22 3:54 pm By Christine Caulfield

China-based food retailer Winha Commerce has secured an interim court injunction barring the Australian Stock Exchange from delisting the company after the exchange issued queries to all Chinese listed companies about problems converting the renminbi.

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Toys ‘R’ Us Australia goes into voluntary administration
Restructuring & Insolvency 2018-05-21 11:56 pm By Christine Caulfield

Just two months after the retailer announced it would close down all of its US and UK stores, the Australian unit of Toys ‘R’ Us has announced it has gone into voluntary administration.

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CFMEU official John Lomax wins AFP payout over blackmail charges
Employment 2018-05-21 9:20 pm By Christine Caulfield

The Australian Federal Police has settled a malicious prosecution case brought by former CFMEU organiser John Lomax over blackmail charges against the union official that were dropped just months later.

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