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ASIC appeals loss in conflicted remuneration case against CBA
Financial Services 2022-10-26 5:18 pm By Cindy Cameronne

The Australian Securities and Investments Commission has filed an appeal after a judge dismissed its case alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, finding it was “misconceived”.

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Bayer needs ‘thoughts and prayers’ to make out privilege claim in class action, court told
Product Liability 2022-10-25 11:05 pm By Cindy Cameronne

A class action against Bayer over its allegedly defective Essure contraceptive devices has admonished the drug manufacturer’s bid to shield emails considered privileged in similar US litigation, arguing “thoughts and prayers” are needed to sustain the claim.

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$27M penalty for ‘extensive and systematic’ failures by CBA units
Financial Services 2022-10-25 11:03 pm By Sam Matthews

Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for “serious and unacceptable” system failures that led to excessive fee charges for customers.

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3 law firms make list of top charitable workplaces
Business of Law 2022-10-20 3:06 pm By Cindy Cameronne

Three law firms are meeting employee demand for workplaces that prioritise social engagement, scoring spots on the top 40 Australian workplaces to give back to the community.

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Thomson Geer lures partner for construction team
People In The News 2022-10-20 4:01 pm By Sam Matthews

Thomson Geer has snagged a construction disputes specialist from Clayton Utz to bolster its growing construction team in Sydney.

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AMP grilled over possible breach of court orders in insurance churn case
Financial Services 2022-10-19 11:26 pm By Cindy Cameronne

A judge has questioned AMP Financial Planning over whether it breached court orders to compensate customers after finding the firm failed to prevent a now banned adviser from churning life insurance for higher commissions.

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Rival takes down Saputo Dairy’s ‘Ascend’ trade mark
Food and Beverage 2022-10-12 10:56 pm By Cat Fredenburgh

US-based mozzarella giant Leprino Foods has succeeded in removing Canadian dairy company Saputo’s ‘Ascend’ trade mark for non-use.

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‘Virtually nothing has been done’: Judge shreds firm for lag in $300M J&J settlement
Product Liability 2022-10-07 11:20 pm By Sam Matthews

A judge has savaged Shine Lawyers over its failure to present a signed settlement agreement to the court a month after Johnson & Johnson Medical and unit Ethicon agreed to pay $300 million to settle two pelvic mesh class actions, ordering the firm to explain on the record what steps have been taken to finalise the settlement.

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Jones Day snags intellectual property ace from Clayton Utz
Intellectual Property 2022-10-06 3:08 am By Cindy Cameronne

US-based multinational firm Jones Day has lured a partner from Clayton Utz to join its intellectual property team in Melbourne.

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CBA defeats ‘misconceived’ ASIC conflicted remuneration case
Financial Services 2022-09-29 11:11 am By Sam Matthews

The Australian Securities and Investments Commission has suffered a defeat in proceedings alleging the Commonwealth Bank of Australia accepted conflicted remuneration through the sale of its Essential Super product, with a judge finding the regulator “ignored the circumstances” in which the product was distributed.

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