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Witness who won’t undergo quarantine can testify by video link in ex-Quintis boss’ trial
ASIC 2021-07-16 4:36 pm By Cat Fredenburgh

A judge has allowed a key US-based witness in ASIC’s case against former Quintis director Frank Wilson who will not submit to 14 days in hotel quarantine to give evidence by video link.

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Allianz says joint class action would eliminate competition in contingency fee rates
Class Actions 2021-07-16 3:21 pm By Christine Caulfield

Consolidation of two consumer class actions against Allianz would do away with competition in a contest to lead a single case that would force a drop in the contingency fee rates of the rival law firms, the insurance giant has told a court.

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ASIC drops criminal probe into AMP over fees for no service conduct
Financial Services 2021-07-16 2:24 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has dropped its criminal investigation of AMP over its fees-for-no-service conduct which was aired during the banking royal commission.

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Forum Group director stuck overseas after testing positive for COVID-19, court hears
Financial Services 2021-07-15 10:01 pm By Miklos Bolza

The director of the Forum Group companies accused of a $360 million fraud involving at least three major banks can’t return to Australia from Greece because he has COVID-19, his lawyer has told the Federal Court.

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Culture Kings hits back at Mike Tyson lawsuit over ‘misleading’ t-shirts
Competition & Consumer Protection 2021-07-15 7:25 pm By Bianca Hrovat

Australian streetwear retailer Culture Kings has hit back at a lawsuit by former world boxing champion and self-proclaimed “baddest man on the planet” Mike Tyson, denying allegations that it misled customers by using his image on its t-shirts. 

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Minetek wants lawyers to hand over USB devices as its mulls lawsuit against ex-employee
Emma Bathurst 2021-07-15 6:47 pm By Cindy Cameronne

Global mine technology company Minetek is considering a lawsuit against a former employee who may have unlawfully used confidential company information, a court has heard.

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$190M may be available to class action under Fairview’s insurance
Class Actions 2021-07-15 2:06 pm By Miklos Bolza

Cladding manufacturer Fairview Architectural may have $190 million in insurance to cover the claims in a class action over its allegedly combustible cladding products.

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Trial in Ben Roberts-Smith case may move from Sydney as COVID-19 lockdown drags on
Trials 2021-07-14 10:11 pm By Cindy Cameronne

Trial in the defamation case by war veteran Ben Roberts-Smith against Nine may face additional delays or be transferred out of Sydney after the NSW Government extended the city’s COVID-19 restrictions by two weeks.

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ASIC’s insider trading case against Westpac should be heard ASAP, says judge
Financial Services 2021-07-14 9:53 pm By Cindy Cameronne

ASIC’s case accusing Westpac of insider trading before the $16 billion privatisation of electricity provider Ausgrid should be heard “as quickly as the court can deal with it”, a judge has said.

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In third bank action brought over Forum Finance scandal, SMBC seeks $99M 
Financial Services 2021-07-14 6:34 pm By Miklos Bolza

Japanese bankng giant SMBC has emerged as the latest lender with exposure to an alleged fraud carried out by Sydney-based Forum Finance, with proceedings filed seeking recovery of almost $99 million it says it paid to a unit of Forum Group and controversial director Bill Papas.

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