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JP Morgan cops $775,000 fine for ‘careless’ failure to flag suspicious commodities trading
Securities 2024-05-09 11:19 pm By Andy Sidler

Investment bank JP Morgan Securities has been fined $775,000 by the corporate cop after it failed to interrogate a number of unusual orders on wheat futures that should have raised red flags.

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After class action tanks, pelvic mesh patient wins extra time to bring case against doctor
Personal injury 2024-05-09 3:21 pm By Andy Sidler

A court has granted an extension to the limitation period for a pelvic mesh patient suing her doctor for negligence, finding she did not have the knowledge to bring the case before the three-year window closed and that her claim for substantial damages for personal injury appeared “well founded”. 

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Livestream of Mark Latham trial may be cut off if parties face Lehrmann-like social media backlash
Defamation 2024-05-08 1:21 pm By Cindy Cameronne

Counsel for independent Sydney member Alex Greenwich has raised concerns about livestreaming the trial in his defamation case against former NSW One Nation leader Mark Latham after witnessing the “astonishing” and “very disturbing” social media commentary during the Bruce Lehrmann trial.

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High Court asked to weigh in on employer’s duty to redeploy before redundancy
Appeals 2024-05-08 11:20 pm By Christine Caulfield

The High Court had been asked to clarify the extent of protection for employers for genuine redundancies under the Fair Work Act, after an appeals court found the exemption was “not absolute”.

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‘Without precedent’: Failed Bonza Airlines owes 60,000 creditors, court told
Restructuring & Insolvency 2024-05-07 2:02 pm By Cindy Cameronne

Budget Australian airline Bonza owes almost 58,000 customers, 320 employees and 130 suppliers after it was put into voluntary administration last week when aircraft lessors claimed the airline was in default and grounded its planes, a court has heard. 

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Fugitive developer Jean Nassif can’t revive defamation case against 2GB host
Defamation 2024-05-07 3:30 pm By Cindy Cameronne

International fugitive Jean Nassif, who headed troubled property developer Toplace, has lost his bid to reinstate defamation proceedings against Harbour Radio and 2GB host Ray Hadley, with a judge saying there was no evidence he would return to Australia to prosecute the case. 

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High Court asked to weigh in on client’s burden of proof in HWL Ebsworth negligence case
Business of Law 2024-05-07 11:48 pm By Cat Fredenburgh

The High Court has been asked to weigh in on whether a client needs to prove it could have exploited a lost commercial right in order to prevail in a law firm negligence case, after HWL Ebsworth successfully appealed a decision that found its bad advice over property in Parramatta’s ‘Auto Alley’ cost a client $2 million.

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Funder’s ‘very large’ cut of $100M AMP class action revealed
Class Actions 2024-05-07 11:01 pm By Cindy Cameronne

The funder of a class action by financial advisers against AMP is seeking a $28.5 million profit from a $100 million settlement, a hefty payout that has prompted the appointment of a contradictor but may survive the scrutiny in light of a recent appeals court decision.

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Instagram resolves trade mark feud with data app Instagoods
Intellectual Property 2024-05-07 11:53 pm By Cat Fredenburgh

Instagram has resolved a long-running intellectual property stoush with an Australian dating app over its use of the ‘Instagoods’ and ‘Instadate’ marks.

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Qantas to pay $120M to settle ACCC’s ‘ghost flights’ case
Competition & Consumer Protection 2024-05-06 8:29 am By Christine Caulfield

Qantas will pay a $100 million penalty and another $20 million in compensation in a settlement of the ACCC’s so-called ghost flights case that includes an admission by the airline that it engaged in misleading and deceptive conduct in selling tickets for cancelled flights.

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