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Court finds trader was defamed by ASIC but throws out $10M lawsuit
Defamation 2021-06-30 5:38 pm By Miklos Bolza

Canadian trader Daniel Schlaepfer has suffered a loss in his $10 million defamation case against ASIC, with an appeals court tossing the lawsuit despite finding the regulator defamed him and his firm by accusing them of unlawful market manipulation.

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Ken Talbot’s widow can’t represent daughters in negligence case against Arnold Bloch Leibler
Energy & Natural Resources 2021-06-30 5:18 pm By Miklos Bolza

The widow of mining executive Ken Talbot has lost a bid to act for two of her daughters in aĀ  negligence case over the handling of her late husband’s estate against law firms Arnold Bloch Leibler and Boyd Legal, with a judge finding claims by the mother and daughters were “directly competing and contrary”.

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Mayfair 101ā€™s James Mawhinney says he should not face penalty in ASIC case
Financial Services 2021-06-30 1:15 pm By Cindy Cameronne

The founder of embattled investment group Mayfair 101, James Mawhinney, will argue that he should not be ordered to pay any penalty after the company was found to have misled investors about its financial products.

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7-Eleven agrees to settle franchisee class actions
Class Actions 2021-06-30 12:35 pm By Miklos Bolza

7-Eleven has reached an in-principle agreement to settle two class actions which accused the convenience store giant of misleading franchisees and underpaying employees at its stores.

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Sumo Power fined $1.2M for misleading consumers
Competition & Consumer Protection 2021-06-30 9:48 am By Cat Fredenburgh

Victorian electric utility Sumo Power has been fined $1.2 million for luring customers with the promise of discounts and low rates only to jack up their prices months later.

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Marque Lawyers partner Kiera Peacock on using the law as a force for good
Litigation Rising Stars 2021-06-29 11:50 pm By Miklos Bolza

Combining extensive experience in commercial law with a keen pursuit of public interest cases, Marque Lawyers partner Kiera Peacock has her sights set on using the law for good.

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Payday lender Cigno loses bid to overturn ASICā€™s short-term credit lending ban
Appeals 2021-06-29 10:35 pm By Cindy Cameronne

Payday lender Cigno has lost its appeal of a ruling which upheld ASICā€™s first product intervention order banning the use of short-term lending models with ā€œexcessiveā€ fees.

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S&P class action applicant resists paying security for ratings agency’s costs
Class Actions 2021-06-29 5:13 pm By Christine Caulfield

A fight is looming over a bid by S&P Global for a class action applicant to pay security for the legal costs of defending the litigation, with the applicant arguing it shouldn’t have to fork over anything.

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Ben Roberts-Smith defamation trial adjourned as COVID-19 flares in NSW
Trials 2021-06-29 1:35 pm By Cindy Cameronne

Trial in the defamation case by accused war criminal Ben Roberts-Smith has been adjourned for three weeks after COVID-19 restrictions prevented witnesses from travelling to Sydney and national security concerns were raised regarding Afghani witnesses set to give evidence.

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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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