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BHP class action gets 3 extra weeks for high-stakes trial
Class Actions 2024-10-30 11:03 pm By Sam Matthews

A shareholder class action against BHP over the 2015 Fundao dam collapse in Brazil has won a bid to add an extra three weeks to a six-week hearing to account for any evidentiary surprises.

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Freehills the firm of choice for MinRes, WiseTech as bosses face scrutiny
Article 2024-10-29 11:50 pm By Christine Caulfield

As Mineral Resources and WiseTech face shareholder glare over accusations levelled at their billionaire bosses, it is Herbert Smith Freehills that their embattled boards have turned to.

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ASIC wins case over life insurer’s misleading ā€˜pre-existing conditionā€™ term
Insurance 2024-10-29 11:04 pm By Cindy Cameronne

ASIC has won its case against insurer HCF Life over a pre-existing condition term that was likely to mislead the public, but failed to convince the court that it was an unfair contract term.Ā 

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Santos’ net zero plan ā€˜little more than speculationā€™, trial court told
Trials 2024-10-28 11:50 pm By Cindy Cameronne

Santosā€™ plan to reach net zero greenhouse gas emissions by 2040 was ā€œlittle more than a series of speculationsā€, a shareholder group has said on the first day of trial in a landmark greenwashing case.

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Discovery led to funder dropping class action against Westpac unit
Financial Services 2024-10-25 3:19 pm By Sam Matthews

A class action targeting Westpac subsidiary BT Funds and Tal Life Insurance was discontinued after documents discovered by the companies caused funder Woodsford to bow out.

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Litigators of the week: Ashurst, Maurice Blackburn score big in epic legal battles
Maurice Blackburn 2024-10-25 11:11 pm By Cindy Cameronne

Years of hard fought litigation by axed Qantas ground crew and generic drug maker Sandoz ended in victory this week, thanks to legal eagles from Maurice Blackburn and Ashurst and their counsel. The week opened with a bang with a decision from Federal Court Justice Michael Lee in three landmark test cases by the Transport…

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Herbert Smith Freehills adds partners to strengthen energy team
Energy & Natural Resources 2024-10-25 2:43 pm By Sam Matthews

Herbert Smith Freehills has lured two lateral partners to bolster its projects, energy and infrastructure practice in Australia.

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Richard White steps down as WiseTech CEO
Employment 2024-10-24 11:54 pm By Cat Fredenburgh

Richard White, the billionaire founder of logistics company WiseTech Global, has stepped down from his position as CEO amid media reports of bullying and inappropriate conduct.

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Court rejects Rio Tinto shareholders’ bid to intervene in Jabiluka mine lease fight
Energy & Natural Resources 2024-10-22 10:35 pm By Andy Sidler

Two firms representing some Rio Tinto shareholders have lost their bid to intervene in Energy Resources’ fight to renew its lease for the Jabiluka uranium mine in the Northern Territory.

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Funder seeks $10.6M cut from Mayne Pharma class action settlement
Securities 2024-10-21 11:29 pm By Cat Fredenburgh

The funder and law firm that ran a shareholder class action against Mayne Pharma are seeking deductions that would leave more than half of a $38 million settlement for group members.

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