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ASIC wins greenwashing case against Vanguard over $1B fund
Securities 2024-03-28 4:15 pm By Cindy Cameronne

The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.

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Court OKs $23M settlement in Wellard class action despite funder’s ‘lion’s share’
Class Actions 2024-03-28 4:28 pm By Cindy Cameronne

A judge has approved a settlement in a shareholder class action against livestock exporter Wellard that grants a 34 per cent cut for group members, saying that investors had agreed to the lawyers and funder receiving the “lion’s share”. 

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27.5% the ‘standard benchmark’ for GCOs in earnings guidance class actions, court told
Construction 2024-03-28 4:39 pm By Cindy Cameronne

A law firm running a shareholder class action against building materials giant James Hardie Industries has argued for a 27.5 per cent group costs order, saying it was the “standard benchmark” for earnings guidance cases. 

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Three defamation cases against John Pesutto to be heard together
Defamation 2024-03-28 9:14 pm By Cindy Cameronne

Victorian Liberal Party leader John Pesutto will face three defamation cases at the same time — one by former Liberal MP Moira Deeming and two by anti-trans activists over last year’s ‘’Let Women Speak’ rally, which was crashed by neo-Nazis.

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At Juan Martinez’s HWL Ebsworth, it was OK to ‘hire and fire at will’, court told
Business of Law 2024-03-27 10:48 pm By Cindy Cameronne

A former HWL Ebsworth capital partner alleging he was unlawfully expelled and excluded from a planned float on the ASX has argued HWLE’s late managing partner, Juan Martinez, thought the firm could “hire and fire at will” without giving proper reasons.

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Hotel quarantine class action can’t proof witnesses ahead of criminal trial
Class Actions 2024-03-27 9:06 pm By Sam Matthews

The state of Victoria has won its bid to prevent lawyers for a class action over Victoria’s COVID-19 hotel quarantine debacle from proofing lay witnesses, ahead of a criminal trial against the Department of Health, which is due to start in May.

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Hungry Jack’s wants 5 years of Big Mac sales data in spat over damages for misleading ads
Intellectual Property 2024-03-27 12:33 pm By Sam Matthews

Hungry Jack’s is seeking five years of Big Mac sales data as it readies for a fight over damages stemming from its claim that its Big Jack burger has 25 per cent more beef than the McDonald’s burger.

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Liberty Group’s ‘trust silo’ not used to avoid tax on $98M, appeals court finds
Tax 2024-03-27 10:28 pm By Cindy Cameronne

In a loss for the Australian Taxation Office, an appeals court has found that the Liberty Group’s use of corporate and trust ‘silos’ was not an unlawful tax avoidance scheme.

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Aussie Skips appeals cartel judgment socking it with $3.5M fine
Competition & Consumer Protection 2024-03-27 3:15 pm By Christine Caulfield

Aussie Skips is fighting a court’s ruling that imposed a $3.5 million penalty against the waste company and sentenced its boss to an 18-month intensive corrections order, in a criminal cartel case that also implicated Bingo Industries.

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Epic Games case against Google ‘more ambitious’ than claims against Apple, court told
Trials 2024-03-26 10:43 pm By Cindy Cameronne

Epic Games’ case alleging Google ran its Play Store anti-competitively is “significantly more ambitious” than the Fortnite game maker’s claims against Apple, according to the search giant, which says its restraints are “more flexible and less draconian” than the iPhone maker’s.

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