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ASIC ‘plucking numbers out of the air’ in penalty hearing for Vocation execs, court told
Securities 2019-07-31 8:15 pm By Amelia Birnie

Lawyers for former Vocation CEO Mark Hutchinson say the corporate regulator is “plucking numbers out of the air” in its bid to secure disqualifications of up to eight years against the former executives who breached their directors’ duties in relation to the collapsed education provider.

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Judge says shareholder class action against Brambles ‘taking too long’
Class Actions 2019-07-31 2:43 pm By Christine Caulfield

A judge overseeing a consolidated shareholder class action against logistics company Brambles has expressed frustration with the parties, who are locked in an unresolved discovery battle three months after his order consolidating the litigation.

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Judge rejects ‘arguably excessive’ funder’s commission in KPMG class action
Class Actions 2019-07-31 11:52 am By Miklos Bolza

A judge has rejected a proposed common fund order in the settled KPMG class action, saying the funder’s commission was “arguably excessive” and could result in a “stratospheric” return to the firm.

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RMBL exec told class members he hoped they would opt out of case, court told
Class Actions 2019-07-30 7:39 pm By Amelia Birnie

Customers of mortgage lending and investment firm RMBL say they were “shocked” when the company’s chief financial officer allegedly called them to say “he hoped” they would opt out of an excessive fees class action that had been filed against the firm.

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Government to introduce ban on grandfathered commissions
Financial Services 2019-07-30 7:13 pm By Miklos Bolza

The Federal Government will introduce legislation Thursday that would ban the grandfathering of conflicted remuneration for financial advisors, after the banking royal commission suggested scrapping the practice.

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Opal Tower unit owners launch multi-million dollar class action
Class Actions 2019-07-30 2:42 pm By Amelia Birnie

A class action has been filed against a NSW state government-controlled entity over Sydney’s scandal-plagued Opal Tower, in a claim that is expected to seek millions of dollars of compensation on behalf of hundreds of apartment owners.

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Judge discontinues Queensland legal fees class action
Class Actions 2019-07-29 2:51 pm By Amelia Birnie

A judge has discontinued a class action brought against a Queensland law firm over allegedly non-compliant conditional costs agreements, after finding no evidence that anyone other than the lead plaintiff was interested in bringing a claim.

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Class action dropped against failed financial planner Navra Group
Class Actions 2019-07-29 1:14 pm By Miklos Bolza

The applicants in a class action against Navra Group have dropped their case after group members settled their claims in a separate proceeding with the defunct financial planner’s liquidators.

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Employment class action against Airservices grounded after ‘fatal’ judgment
Employment 2019-07-26 9:55 pm By Miklos Bolza

A class action against the Federal Government’s Airservices has been dismissed after a “fatal” ruling that group members were not covered by enterprise agreements they argued had better terms than their own individually negotiated contracts.

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Judge meets further resistance from doctors group in Ethicon pelvic mesh class action
Product Liability 2019-07-26 9:54 pm By Amelia Birnie

A judge has ordered a leading doctor’s professional body to hand over its member list to the applicants in the Ethicon pelvic mesh class action, after the organisation tried to argue its physical member book didn’t strictly fall within the terms of a court order.

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