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ACCC let JPMorgan lawyers review witness statement in cartel probe, court told
Competition & Consumer Protection 2021-11-04 10:42 pm By Christine Caulfield

Lawyers for JPMorgan went to the ACCC’s office to review a draft statement of the investment bank’s then managing director Jeffrey Herbert-Smith, an immunity witness for the competition regulator in its troubled criminal cartel case over an ANZ share placement, a court has heard.

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Lawyer reprimanded for failing to pay barristers’ fees in ‘silly act of desperation’
Business of Law 2021-11-04 3:29 pm By Christine Caulfield

A Melbourne lawyer has been found guilty of 14 charges of professional misconduct for misappropriating trust funds and failing to pay tens of thousands of dollars in fees to seven barristers.

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Groupwide damages not ruled out in Ford class action, judge says
Class Actions 2021-11-03 9:56 pm By Christine Caulfield

A judge has left open the possibility that aggregate damages could be awarded in a class action against US auto giant Ford on behalf of 185,000 vehicle owners over their defective cars.

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Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
Competition & Consumer Protection 2021-10-29 9:27 pm By Christine Caulfield

In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank and its group treasurer, Rick Moscati.

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Crown pays $125M to settle class action over Chinese gambling disclosures
Class Actions 2021-10-29 9:30 am By Christine Caulfield

Crown Resorts has reached a $125 million settlement in a shareholder class action, avoiding a six-week trial scheduled to begin on Monday.

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Class action silks thank court for OKing in-person trial that didn’t happen
Courts 2021-10-29 7:27 pm By Christine Caulfield

A settlement in the class action against Crown Resorts put paid to an in-person trial before it began, but gathering in court on Friday to notify the presiding judge of the happy outcome was enough to remind the Victorian litigators what they had missed over the past 18 months.

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Victorian Bar says claims of consultation over pandemic bill a ‘gross misrepresentation’
COVID-19 2021-10-27 9:54 pm By Christine Caulfield

The president of the peak body for barristers in Victorian has slammed the Andrews government’s proposed pandemic laws as “appalling”, and says claims that the bar association was consulted were not true.

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ASIC takes action against ex-Freedom Insurance boss over Vespa sales incentive
Insurance 2021-10-25 9:50 pm By Christine Caulfield

The corporate regulator has brought proceedings against the former boss of defunct Freedom Insurance and another executive over an insurance sales program that incentivized sales agents with overseas holidays and a Vespa scooter.

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Embattled Sports Flick founder brings $12.7M case against former investors
Corporate 2021-10-25 2:34 pm By Christine Caulfield

The founder of troubled sports streaming start-up Sports Flick has filed a $12.7 million lawsuit against former investors seeking to be reinstated as director and shareholder of the company.

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‘Time for a new leader’: NSW Chief Justice retires after decade as top judge
Courts 2021-10-21 5:55 pm By Christine Caulfield

NSW Chief Justice Tom Bathurst will retire after almost 11 years in office, saying it was time for the Supreme Court to be “reinvigorated”.

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