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Ex-Deutsche Bank exec looks to knock out cartel charges
Competition & Consumer Protection 2021-09-01 11:07 pm By Cat Fredenburgh

A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.

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AMP denies it broke the law by charging dead people for life insurance
Insurance 2021-09-01 2:44 pm By Miklos Bolza

AMP has hit back at fees for no service court proceedings brought by ASIC, arguing it was legally entitled to charge customers premiums and advice fees for life insurance after they died.

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PwC settles Zilzie Wines lawsuit over unsolicited R&D tax advice
Financial Services 2021-09-01 5:56 pm By Cat Fredenburgh

A settlement has been reached in a Murray Darling wine making family’s lawsuit accusing PricewaterhouseCoopers of providing bad unsolicited tax advice that caused them more than $200,000 in losses.

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Judge in ASIC’s first COVID-19 case says legal team swap no excuse for defaulting on orders
ASIC 2021-09-01 1:55 pm By Cindy Cameronne

The judge overseeing ASIC’s first COVID-19-related case has criticised personal lender ClearLoans’ delay in responding to the case, saying a change in the company’s legal representation was not an excuse for defaulting on court orders.

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ASIC to hand over examination transcript in Westpac insider trading case
Financial Services 2021-09-01 5:19 pm By Miklos Bolza

ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.

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Medtronic sold bone graft kits without regulatory ok, court action alleges
Healthcare 2021-09-01 1:10 pm By Bianca Hrovat

Tens of thousands of hospital patients were put at risk when Medtronic unlawfully supplied a bone grafting kit to hospitals that was not registered on the Australian Register of Therapeutic Goods, according to new regulatory proceedings.

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Takata airbags class action appeals court loss to Volkswagen
Class Actions 2021-08-31 3:50 pm By Miklos Bolza

The applicant in a class action against Volkswagen over defective Takata airbags has appealed a ruling dismissing the case for failing to establish any loss or damage.

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Bluescope slams as ‘delusional’ ACCC evidence of cartel conduct
Competition & Consumer Protection 2021-08-31 6:04 pm By Cindy Cameronne

BlueScope has labelled “delusional” an argument by the competition regulator that alleged correspondence from a distributor about the steel company’s suggested higher prices was evidence of price-fixing.

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Judge wary of deciding ‘hypothetical’ loss question in Aveo class action
Class Actions 2021-08-31 7:23 pm By Miklos Bolza

Retirement home provider Aveo Group, which is facing a class action by residents, wants a court to determine group members’ loss in a preliminary hearing, but a judge has questioned whether he is barred from deciding the “hypothetical” question.

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EY asks court to toss negligence case over Coca-Cola Amatil’s SPC sale
Accounting 2021-08-31 10:55 pm By Christine Caulfield

Consulting giant EY wants a court to dismiss a case brought by a joint venture alleging negligence in due diligence reports of Coca-Cola Amatil’s $40 million sale of fruit processing business SPC.

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