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Arnold Bloch Leibler sues Slater and Gordon to use docs in class action defence
Class Actions 2020-01-31 2:34 pm By Christine Caulfield

Facing a class action by shareholders alleging negligence over advice to Slater & Gordon, law firm Arnold Bloch Leibler is bringing proceedings against its former client to use files in defence of the case.

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Treasury Wine Estates may face shareholder class action
Class Actions 2020-01-31 2:22 pm By Cat Fredenburgh

Treasury Wine Estates may be hit with a shareholder class action following a recent surprise earnings downgrade that led to a drop in the company’s share price.

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Westpac to face US class action over AUSTRAC scandal
Class Actions 2020-01-30 3:10 pm By Cat Fredenburgh

A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.

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Funder of second settled Murray Goulburn class action hires lawyers to fight for commission
Class Actions 2020-01-30 2:04 pm By Christine Caulfield

The entrepreneur who funded one of two settled Murray Goulburn class actions will defend his $10.5 million cut of the $37.5 million settlement, a commission that is under scrutiny by a contradictor appointed by the judge overseeing the case.

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ISignthis may face shareholder class action over profit downgrade
Class Actions 2020-01-29 1:10 pm By Cat Fredenburgh

Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.

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Sydney financial advisor hit with $14.5M class action by Chinese investors
Class Actions 2020-01-28 4:11 pm By Miklos Bolza

A Sydney-based financial advisory firm has been hit with a class action by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.

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Royal commission class actions keep rolling in, one year after Hayne report
Financial Services 2020-01-23 7:13 pm By Cat Fredenburgh

A year after Commissioner Kenneth Hayne released his scathing report, companies in the financial services sector are still facing fresh class actions over conduct aired at the banking royal commission, and the pace has even picked up in recent months.

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Commonwealth Bank’s Colonial First State hit with fourth class action
Financial Services 2020-01-22 9:32 pm By Christine Caulfield

Commonwealth Bank’s wealth management unit Colonial First State Investments faces a new class action on behalf of hundreds of thousands of customers who were allegedly charged excesssive premiums on insurance policies.

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Crown wins challenge to ‘impermissible’ order letting jailed staff talk to class action firm
Class Actions 2020-01-22 3:56 pm By Miklos Bolza

Crown Resorts has successfully challenged a ruling allowing law firm Maurice Blackburn to communicate with 18 formerly jailed employees to gather evidence in its shareholder class action against the casino giant.

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NAB units face class action over ‘regrettable mismanagement’ of super accounts
Class Actions 2020-01-22 1:00 pm By Miklos Bolza

Two National Australia Bank units have been hit with a class action alleging they violated their duties as superannuation trustees by allegedly failing to transfer members to funds with lower fees.

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