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Corrs Chambers joins Ford class action amid Bannister’s funder feud
Class Actions 2018-05-23 10:18 pm By Christine Caulfield

Three weeks after a court heard Bannister Law could be forced off a massive class action against Ford, Corrs Chambers Westgarth has joined the case to jointly act for the lead applicants.

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Telstra’s ‘Unlimited’ ad campaign misleading, court rules
Telecommunications 2018-05-23 6:25 pm By Miklos Bolza

Telstra has engaged in misleading and deceptive conduct and breached the Australian Consumer Law with its ‘Unlimited’ advertising campaign, a judge ruled Wednesday.

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Robbie Waterhouse’s defamation case against Fairfax heads to mediation
Defamation 2018-05-23 5:41 pm By Miklos Bolza

A defamation case by the husband of racing legend Gai Waterhouse against Fairfax Media alleging a Sydney Morning Herald article damaged his reputation has been ordered into mediation by the Federal Court.

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Class actions over Willmott Forests scheme collapse wrap up
Class Actions 2018-05-23 5:17 pm By Christine Caulfield

Class actions brought by victims of the failed Willmott Forests managed investment scheme have come to a close, two years after a judge issued a stunning ruling rejecting an initial settlement as favoring clients of M&K Lawyers over other investors, and including payment of a hefty legal bill.

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Judge sets date for opposing bovine gene patent changes
Intellectual Property 2018-05-23 12:40 pm By Cat Fredenburgh

The judge overseeing a case brought by Meat & Livestock Australia over a bovine gene patent has given parties until July 5 to oppose changes to the patent, held by Cargill and Branhaven, after an earlier ruling invalidated the patent. 

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Optus fined $1.5M for misleading customers about NBN transition
Competition & Consumer Protection 2018-05-23 11:38 am By Cat Fredenburgh

Telecom giant Optus has been ordered to pay a $1.5 million penalty for misleading customers about the transition to the National Broadband Network.

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ASIC’s Peter Kell says finance sector’s excuses have run out
Financial Services 2018-05-22 9:09 pm By Miklos Bolza

ASIC deputy chair Peter Kell has put financial services firm’s on notice that excusing poor behaviour as an industrywide problem won’t cut it anymore.

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Westpac admits checks on small loan guarantors ‘more form’ than substance
Financial Services 2018-05-22 8:28 pm By Miklos Bolza

Westpac faced another tortuous day at the Banking Royal Commission on Tuesday, with general manager of commercial banking Alastair Welsh under the spotlight for inconsistencies in the bank’s small business lending practices. 

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ACCC awaits judgment in Pfizer misuse of market power appeal
Competition & Consumer Protection 2018-05-22 12:43 pm By Cat Fredenburgh

The ACCC will face a test of its ability to win misuse of market power cases when a long-awaited judgment is handed down this week in the regulator’s appeal of a ruling dismissing its case alleging Pfizer misused its market power in the months leading up to the expiration of the patent for its blockbuster cholesterol drug Lipitor.

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Toys ‘R’ Us Australia goes into voluntary administration
Restructuring & Insolvency 2018-05-21 11:56 pm By Christine Caulfield

Just two months after the retailer announced it would close down all of its US and UK stores, the Australian unit of Toys ‘R’ Us has announced it has gone into voluntary administration.

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