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Cost of independent counsel to advise on Banksia silk’s $1.25M offer ‘can’t be justified’, court says
Class Actions 2023-05-02 11:07 pm By Christine Caulfield

The Victoria Supreme Court will not appoint a contradictor to weigh in on the reasonableness of a $1.25 million settlement offered by companies associated with the wife of a once prominent silk struck from the roll over the Banksia Securities class action scandal.

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Class action can’t grill Noumi lawyer on legal privilege claims over PwC docs
Securities 2023-05-02 11:27 pm By Christine Caulfield

The applicants in a shareholder class action against the former Freedom Foods have failed in a bid to cross-examine Noumi’s inhouse counsel on affidavits swearing to the legal professional privilege of 3,000 documents, including material containing advice from accounting firm PricewaterhouseCoopers.

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Hotel quarantine class action survives second shutdown bid by Victorian government
Class Actions 2023-05-02 10:40 am By Sam Matthews

The state of Victoria has lost its appeal bid to stay a class action brought over the 2020 hotel quarantine debacle in light of a pending criminal action against the Department of Health.

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‘It’s game over’: Victoria tries again to stay hotel quarantine class action amid criminal case
Appeals 2023-04-20 3:51 pm By Sam Matthews

The state of Victoria is trying again to stay a class action over the 2020 hotel quarantine debacle in light of a pending criminal action against the Department of Health, telling an appeals court the fundamental principles of the criminal justice system must be protected.

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Banksia class action silk’s wife offers $1.25M settlement
Class Actions 2023-04-03 11:42 pm By Christine Caulfield

Companies linked to the wife of the disgraced Banksia Securities class action silk Norman O’Bryan have offered $1.25 million to settle proceedings seeking to recover a $21.5 million judgment for defrauded investors.

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Five years after class action filed, BHP denies knowledge of dam collapse risk
Class Actions 2023-03-27 11:14 pm By Cindy Cameronne

In a class action long delayed by a battle over foreign shareholders, BHP Group has finally filed a defence, denying it misled shareholders over a failed Brazilian dam and saying knowledge about the risk of collapse cannot be imputed to the Melbourne-headquartered energy giant.

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Crown, Star look set to admit non-compliance in AUSTRAC actions
AUSTRAC 2023-02-13 2:01 pm By Sam Matthews

A court has heard that casino giants Crown and Star are likely to reach agreement with AUSTRAC as to liability in proceedings alleging ā€œwidespread and serious non-complianceā€ with anti-money and counter terrorism laundering laws.

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COVID-19 hotel quarantine class action defeats stateā€™s bid for stay
Class Actions 2023-02-03 3:28 pm By Sam Matthews

A class action on behalf of businesses claiming harm from the 2020 hotel quarantine debacle has staved off the state of Victoriaā€™s bid for a stay pending a criminal action against the Department of Health.

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Banksia judge rejects recusal push by senior barrister’s wife
Class Actions 2022-12-12 4:00 pm By Christine Caulfield

Companies associated with the wife of disgraced senior barrister Norman O’Bryan can’t get a new judge to hear their battle against a third-party costs summons that would make them jointly liable for a $21.5 million judgment for investors in a class action over Banksia Securities’ collapse.

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COVID-19 hotel quarantine class action fights stateā€™s bid for stay
Class Actions 2022-12-12 9:07 pm By Cindy Cameronne

A class action on behalf of businesses claiming harm from the 2020 hotel quarantine debacle has fought back against the state of Victoriaā€™s bid to push the case off until a criminal action against the stateā€™s Department of Health has been heard.

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