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Settlement reached in Takata airbags class actions
Class Actions 2021-07-13 11:55 pm By Cat Fredenburgh

Six of the world’s largest car makers have agreed to settle class actions accusing them of selling cars with deadly Takata airbags.

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ASIC wants Allianz to pay $1.5M penalty for travel insurance sold on Expedia
Insurance 2021-07-13 1:46 pm By Miklos Bolza

ASIC is seeking $1.5 million in penalties against insurers Allianz and AWP after they admitted to misleading or deceiving the public by selling travel insurance to ineligible customers through three Expedia-owned websites.

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Fund manager demands $90M from directors of collapsed property developer Steller
Restructuring & Insolvency 2021-07-12 4:43 pm By Miklos Bolza

A unit of Australian funds manager One Investment Group is seeking to recoup almost $90 million in debts allegedly owed by three former directors of collapsed property developer Steller Group.

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Banks can’t suppress judgment on defective indictment in ANZ cartel case
Competition & Consumer Protection 2021-07-12 1:05 pm By Christine Caulfield

Investment banks accused in the criminal cartel case over a $2.5 billion ANZ share placement will not lose their right to a fair trial with the release of a judgment finding the prosecutors’ indictment deficient, a judge has ruled.

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CDPP sent back to the drawing board to address ‘defects’ in ANZ cartel case
Competition & Consumer Protection 2021-07-07 6:24 pm By Miklos Bolza

A judge has ordered the Commonwealth Director of Public Prosecutions to file a replacement indictment to address defects in the document at the centre of its criminal cartel case over a $2.5 billion ANZ share placement in August 2015.

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Why ‘sticking to her guns’ on common fund orders paid off for Allens’ Kirsty Prinsloo
Litigation Rising Stars 2021-06-30 9:12 pm By Cindy Cameronne

According to close family and friends, Allens managing associate Kirsty Prinsloo’s argumentative nature destined her for a career in the law.

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Court finds Ford PowerShift cars defective, in victory for class action
Class Actions 2021-06-29 1:24 pm By Miklos Bolza

In a win for a long-running class action against US auto giant Ford on behalf of owners of 70,000 vehicles, a judge has found that cars installed with PowerShift transmissions were defective.

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‘Trouble and harassment’: Appeals court won’t revive Palmer’s $263M suit against CITIC
Appeals 2021-06-28 4:40 pm By Miklos Bolza

Clive Palmer and his company Mineralogy have lost a challenge to a Western Australia Supreme Court decision staying a $263 million lawsuit against Hong Kong-based CITIC, with an appeals court finding the mining giant’s decision to abandon and relitigate matters amounted to “unjustified trouble and harassment”.

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Law firms send Sydney lawyers home as mask mandate takes effect
COVID-19 2021-06-24 10:59 pm By Cat Fredenburgh

Law firms are ordering staff in their Sydney offices to work from home if possible and avoid face-to-face meetings as the state’s new rules requiring masks at all indoor workplaces takes effect.

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Oracle settles with director who was told he had ‘zero EQ’ before sacking
Employment 2021-06-24 12:52 pm By Cat Fredenburgh

Oracle has settled a lawsuit brought by a former account director who claimed he was fired for making complaints about one of his superiors who allegedly told him he had “zero EQ” and “an innate ability to annoy and anger people”.

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