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As two class actions against Harvey Norman try to hash out a deal before competing to run the litigation, a judge has issued a warning to other law firms mulling their own actions.
Vanguard Investments has been ordered to pay a penalty of almost $13 million for misleading the public about its $1 billion “ethically conscious” hedge fund.
A class action targeting Westpac subsidiary BT Funds Management and Tal Life Insurance is set to be discontinued less than a year after it was filed.
A judge has allowed Aristocrat to appeal a judge's rejection of its application to patent its Lightning Link poker machine, citing novel questions raised by an equally split High Court decision about the patentability of its invention.
The law firm running class actions against ANZ and Westpac has been pulled up for claiming confidentiality over a solicitor's affidavits on the costs incurred by the applicants since the court approved settlements in the cases.
The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.
The Full Federal Court has found a native title tribunal failed to consider climate change when making a finding in relation to four new petroleum production leases for Santos' Narrabri gas project in New South Wales.
The Full Federal Court has found it was "abundantly clear" on the evidence before a trial judge that funeral expenses insurance provider ACBG misrepresented to Aboriginal customers that it was Aboriginal owned or managed, but found ASIC contributed to the error with its bad pleadings.
International Capital Markets may soon face a third class action, a court has heard, as the first two class actions to be filed against the Sydney-based online broker over risky contracts for difference mull consolidation.
Russia’s largest aluminium producer UC Rusal has lost a breach of contract lawsuit brought against six Rio Tinto companies after they refused to deliver alumina under a joint venture agreement on the basis that doing so would cause them to run afoul of export sanctions imposed after Russia invaded Ukraine.