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Judge keeps climate change class action alive, as duty to children enshrined in law
Class Actions 2021-07-08 1:20 pm By Miklos Bolza

The federal Minister for the Environment has lost a bid to declass a class action brought over climate change risks from an expansion of the Whitehaven coal mine, with a judge making a declaration that the government owes a duty to all Australian children to protect them from global warming.

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Tandem enters administration, scuttling $400M sham contracting class action
Employment 2021-07-07 9:02 pm By Miklos Bolza

A $400 million class action brought by Shine Lawyers against a major Telstra and Foxtel contractor will be stayed after the company was placed into administration three months out from trial.

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Telstra to refund customers $25M over NBN speed claims
Telecommunications 2021-07-07 6:49 pm By Bianca Hrovat

Telecommunications giant Telstra will provide $25 million in refunds to almost 50,000 customers after failing to inform them the speeds they were promised could not be obtained on the NBN.

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CDPP sent back to the drawing board to address ‘defects’ in ANZ cartel case
Competition & Consumer Protection 2021-07-07 6:24 pm By Miklos Bolza

A judge has ordered the Commonwealth Director of Public Prosecutions to file a replacement indictment to address defects in the document at the centre of its criminal cartel case over a $2.5 billion ANZ share placement in August 2015.

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Binary options broker faces class action investigation
Class Actions 2021-07-07 6:11 pm By Cindy Cameronne

A Sydney-based broker is facing a class action investigation on behalf of customers who bought binary options over a six-year period, after the Australian Securities and Investments Commission banned the risky derivatives earlier this year after finding they were likely to cause “significant detriment”.

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Forum Finance boss headed back to Australia to face $263M fraud claims, court hears
Financial Services 2021-07-07 4:51 pm By Cat Fredenburgh

The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.

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Second COVID-19 insurance test case to be decided by end of year
COVID-19 2021-07-07 1:38 pm By Cat Fredenburgh

A COVID-19 business interruption test case that was filed in the Federal Court following a landmark loss for insurers in test case before the NSW Court of Appeal, will be determined along with any appeals by the end of the year, a judge has said.

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7-Eleven wins removal of Seven Network’s ‘7NOW’ trade mark
Intellectual Property 2021-07-07 1:36 pm By Cindy Cameronne

Convenience store chain 7-Eleven has succeeded in having Seven Network’s ‘7NOW’ trade mark removed for non-use, with an IP Australia delegate finding links to services on the media company’s website did not amount to use.

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Halifax auditor pleads guilty to criminal charges over auditing breaches
Accounting 2021-07-07 9:29 am By Cat Fredenburgh

The auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, has pleaded guilty to the first criminal charges brought over auditing services in Australia.

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HWL Ebsworth avoids hit from $263M Forum Finance scandal
Financial Services 2021-07-06 9:48 pm By Miklos Bolza

Law firm HWL Ebsworth says it has avoided any negative financial impact from its connection with Sydney financial firm Forum Finance, which has been accused by Westpac of a $263 million fraud.

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