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Law firm to drop class action against Pitcher Partners over Slater and Gordon audits
Class Actions 2020-07-30 2:27 pm By Cat Fredenburgh

The law firm behind a long-running class action against Pitcher Partners over its auditing of Slater and Gordon is seeking court approval to drop the case, leaving the funder that bankrolled the proceeding to defend an application for indemnity costs.

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Dreamworld operator Ardent Leisure pleads guilty over ride deaths
Entertainment 2020-07-29 4:31 pm By Christine Caulfield

The operator of Dreamworld in Queensland has pleaded guilty to three charges over the 2016 deaths of four people on the theme park’s now demolished Thunder River Rapids ride.

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Tile maker Ceramiche wins trade mark fight with Caesarstone after ‘honest use’ ruling
Intellectual Property 2020-07-29 3:28 pm By Christine Caulfield

Tile maker Ceramiche Caesar has prevailed in its challenge to a judge’s ruling allowing building products manufacturer Caesarstone to register two trade marks despite a finding that they were deceptively similar to one of its marks.

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AMP hit with class action by financial planners
Financial Services 2020-07-29 12:54 pm By Christine Caulfield

AMP has been hit with a cliass action by a group of financial planners over changes to its buyer of last resort policy last year, which cut the number of authoried advisers and retreated from a promise to buy back their businesses at a price based on a set multiple.

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Investment scheme wound up after ‘systematic misappropriation’ of $7M in funds
Restructuring & Insolvency 2020-07-28 9:49 pm By Miklos Bolza

A court has granted ASIC’s bid to wind up an illegal managed investment scheme whose operators fled to India following the “systematic misappropriation” of almost $7 million in investor funds.

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Telstra sues Optus over ‘more than ever before’ ad campaign
Competition & Consumer Protection 2020-07-28 5:08 pm By Miklos Bolza

Telstra has filed a lawsuit accusing Singtel Optus of breaching the Australia Consumer Law through ads that claim it is “covering more of Australia than ever before”.

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iSignthis lawsuit fails to plead how ASX caused $27M in losses, court finds
Financial Services 2020-07-28 3:17 pm By Miklos Bolza

A lawsuit by iSignthis seeking over $27 million in damages from the ASX has been sent back for revision, after a judge found the fintech had failed to causally link how a report by the exchange led to lost contracts with five clients.

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Romeo’s hit with underpayments class action
Employment 2020-07-28 2:42 pm By Cat Fredenburgh

Supermarket chain Romeo’s has become the latest retailer to face a class action alleging it failed to pay staff for all hours worked.

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Westpac’s anti-money laundering woes worsen
Financial Services 2020-07-28 1:37 pm By Cat Fredenburgh

Westpac anti-money laundering compliance troubles continue to worsen, with the bank reporting an additional 365,000 incomplete or inaccurate threshold transaction reports to AUSTRAC.

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Administrators for fashion retailer PAS Group lose battle with landlords over rent
Restructuring & Insolvency 2020-07-24 11:04 pm By Christine Caulfield

Administrators for The PAS Group have failed in their bid to have almost $1.4M in rent declared an unsecured debt in the event the fashion retailer goes into liquidation amid the coronavirus pandemic.

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