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Claims against PwC trimmed in class action over $50M Axsesstoday bond prospectus
Class Actions 2021-09-03 2:39 pm By Miklos Bolza

The applicant in a class action against PricewaterhouseCoopers over a $50 million bond prospectus for asset finance lender Axsesstoday has dropped claims accusing the accounting giant of being involved in the company’s alleged misrepresentations.

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Tabcorp locked in billion-dollar court battle with ATO
Tax 2021-09-03 3:02 pm By Bianca Hrovat

Tabcorp and Tatts Group have brought eight proceedings against the Australian Tax Office over more than a billion dollars in deductions for fees to gambling authorities in four states.

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Forum Finance liquidators win court ok to sell $1.2M luxury yacht
Restructuring & Insolvency 2021-09-03 9:57 pm By Miklos Bolza

Liquidators for Forum Finance have won court approval to sell a $1.2 million Mangusta luxury yacht as well as 12 properties owned by various companies within the Forum Group.

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BlueScope meeting with rival steel distributors ‘potentially illegal’, exec tells court
Trials 2021-09-02 9:43 pm By Christine Caulfield

BlueScope Steel general manager Jason Ellis wanted no record kept of a meeting with four of the company’s competing steel distributors and warned his national sales manager to keep the talks under wraps, a court hearing the ACCC’s price-fixing case was told on Thursday.  

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Barrister hit with injunction after judge complains to NSW Bar
Business of Law 2021-09-02 10:42 pm By Cindy Cameronne

A NSW barrister has been hit with an injunction for working without a valid practising certificate after a judge made a complaint to the Bar Association.

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Aveo class action judge tells parties to stop ‘stalling’ as he rules against loss hearing
Class Actions 2021-09-02 2:43 pm By Cindy Cameronne

A judge has questioned why a class action against Aveo Group has “stalled” after tossing the retirement home provider’s bid to determine group members’ loss in a preliminary hearing, saying the questions in the case could not be “neatly separated”.

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Westpac settles case by senior exec who made whistleblower complaint to CEO
Employment 2021-09-02 3:41 pm By Christine Caulfield

Westpac has reached a settlement in a case brought by a former longtime employee and whistleblower who claimed the banking giant dismissed her in retaliation for complaints about its compliance failings.

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Finish Powerball maker wants to derail competitor’s launch, court hears
Intellectual Property 2021-09-02 10:04 pm By Bianca Hrovat

An urgent injunction sought by the makers of Finish dishwashing products to remove Henkel Australia’s flagship product from supermarket shelves could derail the launch of Somat-branded products in Australia, a court has heard.

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Instagram takes offensive in trade mark battle with Instagoods
Intellectual Property 2021-09-02 5:50 pm By Miklos Bolza

Social media giant Instagram has accused Australian retail tech and dating startup Instagoods of “flagrant” trade mark infringement and breaches of the Australian Consumer Law, as an intellectual property stoush between the companies heats up.

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ACCC must pay costs of NSW as ‘necessary and proper party’ in ports case
Competition & Consumer Protection 2021-09-02 3:03 pm By Miklos Bolza

A judge has ordered the ACCC to pay the State of NSW’s costs in its failed proceeding against NSW Ports, finding that even though the consumer watchdog did not initially sue the state government that it was a “necessary and proper” party to the case.

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