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Lawyer plans complaint to legal watchdog against Banksia team over fees in second class action
Class Actions 2020-08-21 6:14 pm By Christine Caulfield

The legal watchdog in Victoria will be asked to probe potential misconduct against the legal team behind the controversial Banksia Securities class action for their fees in a separate class action, which last year settled for $40 million.

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St Basil’s hit with class action over COVID-19 outbreak
COVID-19 2020-08-21 4:21 pm By Christine Caulfield

St. Basil’s in Victoria has become the latest aged care facility to face a class action over its allegedly negligent handling of the coronavirus pandemic.

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Treasurer blocks access to ASIC communications as new litigation funding rules kick in
Class Actions 2020-08-21 4:04 pm By Miklos Bolza

New laws aimed at regulating litigation funders are due to commence on Saturday, but Treasurer Josh Frydenberg is keeping a lid on four emails exchanged with the watchdog in the days leading up to the decision to bring in the sweeping changes.

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Banksia funder’s son must give ‘full and frank’ explanation of alleged role in fee scandal
Trials 2020-08-21 3:55 pm By Christine Caulfield

Lawyer Alex Elliott, the son of the funder behind the Banksia Securities class action, has been ordered to give a “full, frank and honest” explanation of his role in an alleged fraudulent scheme to inflate legal fees in the case, and he risks his career if he’s not forthcoming.

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Sizzler seeks quick win in bun fight with Burger Urge  
Intellectual Property 2020-08-21 2:39 pm By Alison Eveleigh

Buffet restaurant pioneer Sizzler is seeking a quick win in its trade mark stoush with Brisbane-based Burger Urge tossed, telling a court it will be seeking summary judgment in its favour.

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Gov’t refuses mediation with James Ashby over $4M legal bill in sex harassment case
Employment 2020-08-21 2:00 pm By Miklos Bolza

The Commonwealth has told a court it will not sit down for mediation talks with One Nation chief-of-staff James Ashby as he seeks to recoup almost $4 million in legal costs spent in a dropped sexual harassment case against former House speaker Peter Slipper.

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ASIC hits IOOF subsidiary with action over cyber security failings
Privacy & Cybersecurity 2020-08-21 1:45 pm By Christine Caulfield

The Australian Securities and Investments Commission has launched proceedings against a subsidiary of wealth manager IOOF over its alleged failure to have adequate cyber security systems in place.

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ASIC takes StatePlus to court over alleged fees for no service conduct
Financial Services 2020-08-20 8:57 pm By Alison Eveleigh

The Australian Securities and Investments Commission has launched civil penalty proceedings against superannuation fund StatePlus over fees allegedly charged for services that were not provided to tens of thousands of members.

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Westpac units won’t defend ASIC fees for no service case
Financial Services 2020-08-20 4:56 pm By Miklos Bolza

Two Westpac units have made admissions and said they would not defend proceedings brought by the Australian Securities and Investments Commission over fees charged for services that were not provided to hundreds of financial advice customers.

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Cladding class action applicant has $5.8M claim against Fairview, court hears
Class Actions 2020-08-20 4:08 pm By Alison Eveleigh

The second meeting of creditors of embattled cladding manufacturer Fairview Architectural has been pushed back to give administrators more time to work out what is in the best interests of creditors, after the lead applicant in a class action against the cladding manufacturer submitted a $5.8 million claim.

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