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Ex-CBA unit Count Financial settles with lead applicant in fees-for-no-service class action
Class Actions 2024-06-11 11:52 pm By Cindy Cameronne

The lead applicant in a class action against former Commonwealth Bank of Australia subsidiary Count Financial has settled individual claims in the case, which alleges the financial advisory firm charged fees for no service.

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Ex-principal settles with Cranbrook, pursues ABC over Four Corners episode
Media 2024-06-11 3:37 pm By Sam Matthews

The former headmaster of exclusive Sydney school Cranbrook has settled a dispute with his former employer after it admitted a public statement concerning his management of misconduct allegations against a teacher ā€œmay have caused confusionā€, but will press on with a complaint against the ABC over the Four Corners episode that sparked the controversy.Ā 

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Clyde & Co asks six partners to leave, will introduce salaried role
Business of Law 2024-06-07 2:39 pm By Cindy Cameronne

Global insurance law firm Clyde & Co has shown six of its partners in Australia the door and will create a new salaried partner position to cope with high competition in insurance law, with the partnership having decreased by a third in the last 18 months.

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SkyCity hit with $67M penalty in AUSTRAC case
AUSTRAC 2024-06-07 2:11 pm By Andy Sidler

A judge has ordered SkyCity to pay a $67 million penalty in AUSTRACā€™s case alleging it allowed $4 billion in suspicious transactions, finding it was an “appropriate” sum, even when compared with the $450 million fine handed to Crown last July.

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Climate activist firm takes NAB to court
Climate change 2024-06-07 11:42 pm By Cat Fredenburgh

A law firm that has gone after major banks and the federal government over their climate exposure has trained its sight on the National Australia Bank.

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Monster Energy settles trade mark fight with PepsiCo over popular snack food
Intellectual Property 2024-06-07 12:21 pm By Christine Caulfield

A three-year court battle over PepsiCo’s Monster Munch trade mark has been resolved, with Monster Energy negotiating the removal of some beverage products that would have been covered by the mark.C

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Net-a-Porter loses challenge to The Iconic’s ‘Considered’ trade mark
Intellectual Property 2024-06-07 1:46 pm By Andy Sidler

The Iconic has defeated a challenge to the online fashion retailer’s application to trade mark ā€˜Consideredā€™ for sustainable or ethically sourced products, with IP Australia rejecting Net-a-Porter’s argument that the label has not been used in the sense required under the Trade Marks Act.

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Late tweaks to funding bids to be ā€˜held againstā€™ firms in IC Markets beauty parade
Class Actions 2024-06-06 11:31 pm By Cindy Cameronne

A judge has warned two law firms competing to run a class action against IC Markets over risky contracts-for-difference that it will be held against them if they take a ā€œholding positionā€ on their funding proposals and attempt to negotiate their bids down later.

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SkyCity Adelaide to get High Court hearing in tax fight with SA treasurer
Gaming 2024-06-06 11:08 pm By Christine Caulfield

The High Court has agreed to take up a dispute between SkyCity Adelaide and South Australia’s treasurer over the tax treatment of reward points that gamblers convert to gaming chips.

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Class action against BHP can amend shareholder group after ‘inadvertent mistake’
Class Actions 2024-06-06 1:20 pm By Sam Matthews

The judge overseeing a six-year-old class action against BHP over the collapse of a Brazilian dam has allowed the applicant to retroactively amend the group definition, accepting that a pleading mistake was contrary to the intended class membership in the case.

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