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ASIC has no ace in case over Australian Open broadcast rights, ex-Tennis Australia head says
Entertainment 2019-05-07 3:57 pm By Miklos Bolza

Former Tennis Australia director Harold Mitchell has denied allegations by the Australian Securities and Investments Commission that he breached his duties when awarding broadcasting rights for the Australian Open and other tournaments to the Seven Network in 2013.

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Judge who ruled for Geoffrey Rush was biased, Daily Telegraph says in appeal
Defamation 2019-05-06 10:23 pm By Cat Fredenburgh

Daily Telegraph publisher Nationwide News has appealed a $850,000 judgment against it in a defamation case brought by actor Geoffrey Rush, saying the judge who presided over the case was biased.

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Deloitte grilled after claiming partners have no right to access files from litigation room
Appeals 2019-05-06 10:07 pm By Christine Caulfield

Lawyers for Deloitte were questioned by an appeals court Monday after arguing that the accounting giant’s partners had no access to the firm’s files, stored in a locked “litigation room”, and no power to hand them over to comply with discovery orders in a shareholder class action over the collapse of client Hastie Group.

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Oil spill class action trial delayed by expert evidence filed ‘without leave, without notice’
Class Actions 2019-05-06 9:07 pm By Amelia Birnie

The Montarra oil spill class action trial has been pushed back by two weeks, following the filing of late expert evidence by the applicants “without leave, without notice,” according to oil company PTTEP.

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Westpac slams ASIC for ’19th century approach’ to home loans
Financial Services 2019-05-06 8:35 pm By Miklos Bolza

Banking giant Westpac has criticised the Australian Securities and Investments Commission’s old fashioned approach to home loan serviceability, saying its own complex system is more efficient and would “pass muster” in the face of the regulator’s allegations that it breached responsible lending laws.

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Judge refuses to toss proportionate liability defence in Sydney light rail class action
Class Actions 2019-05-03 9:27 pm By Amelia Birnie

The NSW Government has successfully added a proportionate liability claim against two contractors to its defence in the Sydney light rail nuisance class action, over the objections of the lead plaintiff in the case.

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Ex-PPB Advisory liquidator gets 7 years’ jail for $800,000 fraud
Restructuring & Insolvency 2019-05-03 9:06 pm By Amelia Birnie

A former PPB Advisory liquidator has been jailed for seven years for embezzling $800,000 from defunct property development company Neolido Holdings Pty Ltd.

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Woolworths class action homes in on supermarket giant’s price perception problem
Class Actions 2019-05-03 9:06 pm By Christine Caulfield

Woolworths’ knowledge of its poor performance on price perception among shoppers in 2014 is at the centre of a $100 million shareholder class action against the retailer, a court heard Friday.

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Forge class action judge stands firm despite being warned of ‘real risk’ to trial date
Class Actions 2019-05-03 2:06 pm By Amelia Birnie

A judge has refused to contemplate delays to the long-running investor class action against defunct engineering and construction company Forge Group, as lawyers for some of the respondents warn of a “real risk” that the current trial date might need to be vacated.

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Judge approves 30% step-up commission in RMBL class action
Class Actions 2019-05-03 11:05 am By Cat Fredenburgh

A judge has signed off on common fund application in a consumer protection class action against mortgage lending and investment firm RMBL Investments under which the funder will earn a 30% cut of any resolution amount if the case drags into September.

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