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Pitcher Partners, EY audit blamed for $800M drop in value of Slater & Gordon’s acquired business
Class Actions 2021-11-09 8:50 pm By Cindy Cameronne

Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the business’ value “disappearing” within six months, a court heard on the first day of trial in a long-running class action by the law firm’s shareholders.

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Lawyer takes Banksia class action ruling to appeals court
Appeals 2021-11-08 10:28 am By Christine Caulfield

The Banksia Securities class action saga will return to the appeals court, with a lawyer indicating he plans to challenge last month’s ruling that found he knowingly assisted in a plot to defraud tens of thousands of investors in the collapsed lender.

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Groupwide damages not ruled out in Ford class action, judge says
Class Actions 2021-11-03 9:56 pm By Christine Caulfield

A judge has left open the possibility that aggregate damages could be awarded in a class action against US auto giant Ford on behalf of 185,000 vehicle owners over their defective cars.

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Corrs Chambers Westgarth nabs financial services specialist from Herbert Smith Freehills
People In The News 2021-10-28 4:09 pm By Bianca Hrovat

Corrs Chambers Westgarth has continued its hiring spree, luring a financial services regulatory specialist from Herbert Smith Freehills.

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Arnold Bloch Leibler, Slater & Gordon settle class action over Quindell acquisition
Class Actions 2021-10-27 12:16 pm By Miklos Bolza

An in-principle settlement has been reached with law firms Arnold Bloch Leibler and Slater & Gordon in a class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition.

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Injunction against Facebook doesn’t clash with competition watchdog’s orders, judge says
Social Media 2021-10-27 5:04 pm By Bianca Hrovat

A court has shut down Facebook’s renewed push to cut off Melbourne-based content strategists Sked Social from posting on Instagram on behalf of its clients, with a judge saying the social media giant’s justification for varying the injunction order was “flimsy and possibly strategic”.

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Ex-Caterpillar employee accused of taking ‘many thousands’ of confidential files
Intellectual Property 2021-10-27 1:55 pm By Bianca Hrovat

Construction equipment giant Caterpillar has accused a former employee of flagrantly copying “many thousands” of confidential files before moving to a rival.

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Developer wins GST class action appeal despite misleading investors
Real Estate 2021-10-25 5:53 pm By Miklos Bolza

A Canberra property developer that misled investors about GST on its apartments does not have to pay compensation to the lead applicant in a class action against it, an appeal court has found.

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‘Elephant in the room’: Judge questions conduct of some lawyers for Banksia legal team
Business of Law 2021-10-19 9:54 pm By Christine Caulfield

Last week’s judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether “untenable” defences were maintained beyond an acceptable point in the case.

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ACCC seeks $90M penalty for Trivago’s ‘startlingly misleading’ hotel deals
Competition & Consumer Protection 2021-10-18 4:38 pm By Bianca Hrovat

The Australian Competition and Consumer Commission is seeking a $90 million penalty against Trivago for the “startlingly misleading” ranking system used on its travel price comparison website.

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