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ACCC flags competition concerns with Dye & Durham’s $2.9B bid for Link
Competition & Consumer Protection 2022-06-16 5:37 pm By Cat Fredenburgh

The ACCC has raised concerns that Canada-based Dye & Durham’s proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.

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Judge signs off on consolidation in a2 Milk class actions
Class Actions 2022-06-16 11:34 pm By Cat Fredenburgh

A judge has allowed two law firms to jointly run a consolidated shareholder class action against dairy company a2 Milk, saying the arrangement was in the interests of group members and was “not novel”.

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‘Unsatisfactory state of affairs’: 7-Eleven class action funder wants $16.6M advance on payout
Class Actions 2022-06-15 4:49 pm By Cindy Cameronne

A litigation funder for two franchisee class actions against 7-Eleven has asked a court for a $16.6 million payout to cover its costs before a judge rules on how much it can pocket from a $98 million settlement.

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ASIC wins contested extension in Mayfair, Mawhinney appeals
Appeals 2022-06-14 9:23 pm By Sam Matthews

A judge has granted ASIC a hotly contested extension of time in appeals brought by  Mayfair Group and founder James Mawhinney after a judge slapped the investment group with a $30 million penalty.

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Law firm seeks 30% cut in EML shareholder class action
Class Actions 2022-06-14 2:24 pm By Cat Fredenburgh

The law firm that’s running a shareholder class action against payment processing company EML will seek a group costs order for a 30 per cent cut of the suit’s proceeds.

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Toyota appeals loss in $2B diesel filter class action
Appeals 2022-06-10 11:45 pm By Cat Fredenburgh

Toyota has lodged an appeal of a judgment that could see it owe around $2 billion to 260,000 car owners for selling vehicles with defective diesel filters for more than they were worth.

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Mayfair’s James Mawhinney agrees to steer clear of IPO Wealth investors
Class Actions 2022-06-10 3:41 pm By Cindy Cameronne

Mayfair Group’s James Mawhinney has given an undertaking to not contact group members in a class action against a trustee of the collapsed IPO Wealth fund after allegedly urging investors, through a PR firm, to reject a settlement offer.

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CBRE offered to pay $600,000 before winning $20M negligent valuation case
Professional Negligence 2022-06-10 1:28 pm By Cindy Cameronne

A court has handed CBRE indemnity costs for successfully defending a negligent land valuation lawsuit by defunct fund manager City Pacific after it had offered $600,000 to settle the case.

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Money transfer biz directors slapped with first-ever sentences for cartel conduct
White Collar 2022-06-09 12:36 pm By Cindy Cameronne

The directors of two money transfer businesses accused of fixing foreign exchange rates are the first ever individuals to be sentenced in Australia to prison terms for criminal cartel conduct.

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ACCC may put brakes on Aurizon’s $2.3B bid for One Rail
Competition & Consumer Protection 2022-06-09 9:56 pm By Harry Thomas

The Australian Competition and Consumer Commission has raised preliminary concerns that Aurizon’s proposed $2.3 billion acquisition of rail haulage company One Rail could stymie competition in the NSW and Queensland markets for coal haulage services by rail.

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