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‘In all circumstances unconscionable’: ASIC wins case against forex broker
Judgment 2024-12-20 5:55 pm By Cindy Cameronne

A judge has found that representatives for forex broker Union Standard used unfair tactics to pressure customers to invest in risky financial products and derived most of their revenue from customer losses, said to total $83 million.

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Judge approves $57.5M ANZ class action settlement, funder’s ATE costs
Class Actions 2024-12-19 2:49 pm By Cindy Cameronne

A judge has approved a $57.5 million settlement in a class action against ANZ over credit card interest, including allowing the funder to recoup $1.2 million in after-the-event insurance costs.

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Boral wins challenge to CEO cross-examination in class actions
Class Actions 2024-12-18 4:43 pm By Cindy Cameronne

Boral has won a legal challenge to its former CEO facing cross-examination in a shareholder class action trial over an email referring to a confidential EY report. 

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Melbourne law firm argues 700 clients can’t sue for negligence in class action
Class Actions 2024-12-18 5:33 pm By Cindy Cameronne

A law firm facing a representative proceeding for allegedly giving negligent advice to 700 survivors of institutional child sexual abuse is seeking to strip the case of class action status.

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EastLink operator wins dispute with Transurban over $10M fee
Transportation & Infrastructure 2024-12-19 11:19 pm By Cindy Cameronne

Australia’s largest toll road operator, Transurban, has been ordered to pay compensation to ConnectEast in a dispute over an annual services fee of $10 million.

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Active Super says ASIC penalty would fall on ‘poor old members’
Financial Services 2024-12-17 11:33 pm By Cindy Cameronne

The trustee for Active Super has argued against a $13.5 million penalty proposed by ASIC for greenwashing, saying the tax burden would impact on its members. 

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Ex-EY partner’s reputation ‘only thing of value to him’, court told
Tax 2024-12-17 4:20 pm By Cindy Cameronne

An ex-EY partner accused of pocketing $700,000 in commissions in a tax loss scheme wants to vindicate his reputation at trial but is weighing whether to keep his silence, a court has heard.

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Class action filed over jumping castle tragedy in Tasmania
Class Actions 2024-12-16 10:41 am By Cindy Cameronne

The state of Tasmania and party supply company Taz-Zorb are facing a class action over the 2021 jumping castle tragedy that killed six children. 

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Ten, Lisa Wilkinson still locked in dispute over $1.8M in Lehrmann costs
Defamation 2024-12-16 11:06 pm By Cindy Cameronne

Eight months after a judge dismissed a defamation case by Bruce Lehrmann, Network Ten and journalist Lisa Wilkinson are still bickering over her $1.8 million legal bill.

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Maxim’s injunction bid against ‘uncontrolled’ licensee refused
Intellectual Property 2024-12-16 11:06 pm By Cindy Cameronne

A judge has rejected US publisher Maxim’s bid for an injunction against an Australian business it claims has been engaging in “uncontrolled use” of its intellectual property.

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