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Class action firm may seek compensation for unlawful immigration detention
Human Rights 2023-11-10 9:05 pm By Cat Fredenburgh

A leading class action firm may seek compensation for those who were illegally detained after the High Court ruled that Australia’s system of holding individuals indefinitely in immigration detention is unlawful.

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AusSuper admits account merger failings in ASIC case
Superannuation 2023-11-08 11:17 pm By Cat Fredenburgh

AustralianSuper has admitted that it contravened superannuation regulations when it failed to merge the accounts of members who had multiple accounts, but says it has remediated affected customers more than $69 million.

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Insurers can’t get names of COVID-19 business interruption class action registrants
Insurance 2023-10-27 3:10 pm By Cindy Cameronne

A judge has refused a bid by four major insurers to obtain the names of small businesses that register to join COVID-19 business interruption class actions, saying he did not want the companies contacting group members. 

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ASIC loses case against super trustee Diversa over banned advisor
Financial Services 2023-10-24 10:27 am By Sam Matthews

A judge has dismissed court proceedings brought by the corporate regulator against superannuation trustee Diversa over its alleged failure to oversee a now-banned financial adviser, ruling that the knowledge of downstream entities could not be attributed to Diversa.

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Citibank wants class closure before evidence in rate-rigging case
Competition & Consumer Protection 2023-10-23 11:43 pm By Cindy Cameronne

Citibank has argued group members should be asked to sign on to a class action accusing five major banks of entering a cartel agreement to rig foreign exchange rates before evidence is filed in the case, saying it was impossible to know how much the claims were worth. 

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ANZ breached continuous disclosure rules during $2.5B share placement, court finds
Securities 2023-10-13 5:08 pm By Cindy Cameronne

A judge has found that ANZ breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters Deutsche Bank, Citigroup and JP Morgan during its $2.5 billion equity capital raising in August 2015.

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Epic Games cases against Google, Apple to run alongside class actions
John Sheahan 2023-09-28 10:11 pm By Cindy Cameronne

A judge has ordered lawsuits by Fortnite owner Epic Games against Apple and Google to be heard together with class actions against the tech giants on behalf of app developers and customers who accuse them of distorting competition in the app marketplace.

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Cipla sues to invalidate Bristol-Myers’ patents for DVT drug
Intellectual Property 2023-09-20 11:03 pm By Cat Fredenburgh

Indian generic drug maker Cipla has sued pharmaceutical giants Bristol-Myers Squibb and Pfizer alleging the patents behind their blockbuster deep vein thrombosis drug Eliquis are invalid.

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Woodside says Scarborough gas project poses ‘acceptable’ risks
Energy & Natural Resources 2023-09-19 1:49 pm By Cindy Cameronne

Woodside Energy has hit back at a bid to halt seismic blasting on its Scarborough gas project, claiming it undertook comprehensive consultation with Indigenous communities and that the project’s environmental risks were of “an acceptable level”. 

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Woodside faces bid to block seismic testing for Scarborough gas project
Environment 2023-09-14 3:28 pm By Cindy Cameronne

A traditional custodian has filed an application to block seismic testing on Woodside Energy’s Scarborough gas project until her legal challenge has been finally determined, in a case similar to the one that put Santos’ $4.7 billion Barossa project on ice.

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