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Mercer Super hit with $11.3M penalty in first ASIC greenwashing case
Environment 2024-08-02 1:57 pm By Sam Matthews

A judge has ordered Mercer Superannuation to pay $11.3 million for “reckless, if not deliberate” representations about so-called sustainable investment options that included investment in oil and gas companies, including BHP and Origin Energy. 

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Judge approves $8.25M settlement in class action against PwC over bond prospectus
Class Actions 2024-08-02 10:56 pm By Andy Sidler

A judge has approved a $8.25 million settlement in a class action against PricewaterhouseCoopers brought by Axsesstoday bondholders over an allegedly misleading bond prospectus.

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Retired NRL player Ethan Lowe loses $1M battle with league’s insurer
Insurance 2024-08-02 11:19 pm By Andy Sidler

A court has found that the NRL’s insurance policy with Lloyd’s of London does not cover former South Sydney Rabbitohs star Ethan Lowe for the devastating injury he suffered during a State of Origin match four years ago, dismissing the retired rugby player’s $1 million lawsuit. 

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Junior doctors class action says Peninsula Health must pay price for unpaid overtime
Class Actions 2024-08-01 11:00 pm By Christine Caulfield

After leading the first in a series of class actions by thousands of junior doctors to victory at trial, the applicant in a landmark wage case against Peninsula Health has told a judge the penalty against the Victorian hospital operator must send a clear message.

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Fortescue resists startup’s attempt to cross-examine IP lawyer in search order fight
Intellectual Property 2024-08-01 2:19 pm By Cindy Cameronne

Mining company Fortescue, which alleges green iron startup Element Zero misused confidential information, is fighting a bid to cross-examine its external lawyer as part of an application to quash search orders.

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Lawyer dodges personal costs order over delays in $54M case against Mirvac
Construction 2024-08-01 11:09 pm By Cindy Cameronne

A law firm partner has avoided personal liability for costs after expert reports were filed late in a dispute with developer Mirvac over alleged defects in a Sydney apartment complex, having walked back an appeal to “competing commitments” that didn’t wash in court. 

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Webb Henderson, former top judge to help PwC right its ship after tax leaks scandal
Accounting 2024-08-01 11:22 pm By Cat Fredenburgh

In a first for a Big Four firm, PwC has made good on its promise to appoint an independent chair to its board and has tasked law firm Webb Henderson and former top judge with tracking its progress on other commitments made in the wake of its tax leaks scandal.

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Court strikes Opal Tower builder’s good faith claim in class action costs spat with insurer
Insurance 2024-08-01 11:45 pm By Sam Matthews

A judge has struck out an allegation by the builder of Sydney’s Opal Tower that insurer Liberty Mutual breached its duty of good faith and has warned Icon to carefully consider whether to re-plead the claim.

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ACCC approves Louis Dreyfus’ proposed acquisition of Namoi Cotton
Competition & Consumer Protection 2024-08-01 11:31 pm By Andy Sidler

The Australian Competition and Consumer Commission has approved France-based Louis Dreyfus’ proposed acquisition of ASX-traded cotton gin operator Namoi Cotton, after accepting an undertaking that allayed its competition concerns.

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Johnson Winter Slattery bolsters team with hire of tech law expert
Technology 2024-08-01 1:41 pm By Sam Matthews

Johnson Winter Slattery has appointed a technology and communications specialist, bolstering the ranks of its team in Sydney.

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