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ANZ, OnePath class action members to pocket 65% of settlement if costs OK’d
Class Actions 2024-11-13 11:35 pm By Cindy Cameronne

The law firm running a class action against ANZ and superannuation trustee OnePath wants a 29.4 per cent cut of the $50 million settlement, having run the case on a no win, no fee basis. 

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Consumer watchdog to target ‘NDIS approved’ advertising claims
Competition & Consumer Protection 2024-11-13 5:23 pm By Julia Kanapathippillai

The consumer regulator is planning lawsuits over misleading advertising by businesses targeting National Disability Insurance Scheme participants.

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WiseTech Global faces class action by shareholders
Technology 2024-11-12 11:14 pm By Christine Caulfield

WiseTech has been hit with a class action over disclosures linked to the performance of its acquired businesses, but the recent allegations plaguing the logistics software company could come under the microscope too.

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Noumi privilege ruling could undermine ASIC investigations, Full Court told
Appeals 2024-11-12 11:15 pm By Sam Matthews

ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.

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Honda tells court it should be on the hook for $12M in spat with dealer
Contracts 2024-11-12 11:17 pm By Andy Sidler

Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million. 

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Former PwC partner settles defamation claim over tax leaks statements
Defamation 2024-11-12 11:29 pm By Cindy Cameronne

A former PricewaterhouseCoopers partner has settled his defamation claim against the firm over public statements that allegedly falsely linked him to its tax leaks scandal in 2023.

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Domestic airfares soared after collapse of regional carrier Rex, ACCC finds
Competition & Consumer Protection 2024-11-12 2:32 pm By Julia Kanapathippillai

Australia’s consumer regulator has found that domestic airline customers are facing less choice and higher prices following the collapse of regional airline Rex.

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Companies need to report basis for climate change statements, says ASIC
Climate change 2024-11-12 1:55 pm By Cindy Cameronne

ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.

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Ex-EY partner accused of tax loss scheme can shield email to general counsel
Tax 2024-11-11 3:00 pm By Cindy Cameronne

A former EY partner accused of pocketing $700,000 in secret commissions can shield an email from the firm’s tax leader to its general counsel despite the firm having waived privilege. 

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Velocity Rewards joined to Virgin class action despite ‘barely arguable’ claim
Class Actions 2024-11-11 4:43 pm By Cindy Cameronne

A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are “barely arguable”. 

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