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Wealth manager Escala can’t restrain execs who jumped ship to LGT Crestone
Employment 2023-10-12 2:09 pm By Sam Matthews

Wealth manager Escala Partners has failed in its bid to restrain two senior financial advisors who defected to rival Crestone from working in wealth management and soliciting its clients.

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Competition class action against AGL Energy in doubt after funder exits
Energy & Natural Resources 2023-10-12 11:26 pm By Sam Matthews

The future of a competition class action against AGL Energy is in doubt after being abandoned by its funder, despite evading the energy supplier’s bid to dismiss the case.

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Class action filings down but data breach cases to increase: report
King & Wood Mallesons 2023-10-11 11:12 pm By Sam Matthews

Despite an influx of data breach class actions and a large number of competing proceedings, the past financial year has seen the lowest number of new class actions filed in six years, according to a new report.

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Settlement in sovereign bond class action gets court’s nod
Class Actions 2023-10-11 11:31 pm By Sam Matthews

A judge has approved the settlement of a class action brought on behalf of sovereign bondholders over the disclosure of climate change risks, despite a late scrap with the government over whether the deal puts a stop to future cases.

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Class action investigation underway into Cipro antibiotic
Class Actions 2023-10-11 3:30 pm By Sam Matthews

An Australian law firm is investigating a class action against drug manufacturers over a commonly prescribed antibiotic said to cause “disabling” side effects, including nerve damage and psychosis.

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Nose job patient hit with indemnity costs after refusing surgeon’s ‘exceptionally generous’ offer
Defamation 2023-10-11 2:15 pm By Sam Matthews

A nose job patient who allegedly defamed his surgeon has been hit with indemnity costs after refusing the surgeon’s “exceptionally generous” offer to settle.

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Paralympian’s defamation case over Facebook ‘cheat’ comment fails serious harm test
Defamation 2023-10-10 12:46 pm By Sam Matthews

A judge has dismissed a Paralympian cyclist’s defamation suit over a Facebook comment by a former girlfriend, finding he suffered no serious harm from the comment, which accused him of lying about his disability.

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ACCC gives green light to $18.7B acquisition of Origin Energy
Competition & Consumer Protection 2023-10-10 10:18 pm By Sam Matthews

The ACCC has approved the buyout of Australian energy giant Origin Energy, after finding that significant competition concerns were outweighed by the likely benefits to the country’s transition to renewable energy.

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Virgin Australia lobs cross-claim in bondholder class action
Class Actions 2023-10-09 10:26 pm By Sam Matthews

A bondholder class action against Virgin is heating up, with the airline filing a cross-claim seeking the court’s approval to demand periodic payments from the applicant to cover its costs under a contentious indemnity clause.

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Commonwealth seeks dismissal of suit over alleged bullying by MP Rebekha Sharkie
Employment 2023-10-09 4:48 pm By Sam Matthews

The Commonwealth of Australia has asked the court to throw out an adverse action suit brought by a former political staffer who says she was subjected to “a course of bullying behaviour” by South Australian MP Rebekha Sharkie.

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