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Former MFS boss gets 10% off penalty for $147.5M misappropriation
Appeals 2019-06-18 8:55 pm By Amelia Birnie

A court has trimmed 10% off a $300,000 penalty against the former CEO of failed Gold Coast finance company MFS Group, after he successfully argued his role in the misappropriation of $147.5 million in trust funds was not as an officer of the company.

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Cosmetic surgeon can fix ‘tainted’ pleadings in ABC copyright case
Intellectual Property 2019-06-18 8:46 pm By Miklos Bolza

A Sydney-based plastic surgeon has been given another chance to fix “fundamental problems” in its copyright case against the ABC or using pictures of him in an article about a woman whose breast reportedly exploded after receiving breast augmentation surgery from him.

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Retail Food Group faces potential franchise class action
Franchises 2019-06-18 8:25 pm By Christine Caulfield

Retail Food Group is the target of a possible class action by franchisees in the wake of a parliamentary report that called on three government agencies to probe the franchise giant and its top executives for potential insider trading, tax evasion and other unlawful conduct.

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Commonwealth Bank still on the hunt for new GC
Financial Services 2019-06-18 3:21 pm By Cat Fredenburgh

The clock is ticking on Commonwealth Bank’s search for a new general counsel, with the position still vacant two weeks before the bank’s current top lawyer’s planned departure, announced almost four months ago in the wake of the Hayne royal commission’s scathing final report into the banking sector.

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Royal commission class actions pile up, with more on the way
Class Actions 2019-06-18 2:56 pm By Christine Caulfield

While no means a flood, the class actions filed in response to the shocking evidence of misbehaviour at last year’s banking royal commission have been steadily flowing and show no signs of drying up. Here, we give you the round-up of cases launched so far, the latest developments in each, and what’s coming down the pipeline.

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Judge has ‘real misgivings’ about security for costs bid in casual worker class actions
Class Actions 2019-06-17 10:08 pm By Miklos Bolza

A judge has baulked at an application by labour hire company Chandler Macleod and BHP unit Mt Arthur Coal seeking security for their legal costs in two casual worker class actions, saying Fair Work cases were not the same as shareholder class actions.

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Kraft can stay in peanut butter game while it appeals trade dress loss to Bega
Appeals 2019-06-17 9:56 pm By Cat Fredenburgh

The judge overseeing a dispute between Kraft and Bega over peanut butter trade dress rights has stayed orders barring Kraft from selling peanut butter in Australia featuring the disputed trade dress while it appeals its loss to Bega in the case.

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J&J hip implant class members to be paid in full from $250M settlement
Product Liability 2019-06-17 8:13 pm By Miklos Bolza

Group members in a class action against Johnson & Johnson unit DePuy International over allegedly defective hip implants are on track to receive 100 per cent of their claims as the $250 million settlement continues to be distributed, a court has heard.

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Government to fund examination of JM Kelly’s web of inter-company loans
Restructuring & Insolvency 2019-06-17 5:25 pm By Amelia Birnie

The Commonwealth has agreed to fund a public examination into the affairs of collapsed Queensland-based construction group JM Kelly, after liquidators uncovered a complicated web of inter-company loans.

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HWL Ebsworth partners on trial for alleged negligence over Sydney land tender
Real Estate 2019-06-14 11:18 pm By Miklos Bolza

HWL Ebsworth’s partners are facing trial in a case blaming the law firm and the NSW government for losses stemming from the $28.5 million sale of Crown-owned Sydney land to property developer PPK Group.

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