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Spat over ‘secret’ side deal in class action tossed on appeal
Class Actions 2018-06-18 10:13 pm By Miklos Bolza

A legal stoush over a “secret” side agreement between the lead applicant in a shareholder class action and a litigation funder has been shut down, with the Full Federal Court on Monday dismissing an appeal by the applicant.

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Judge says DibbsBarker, QRxPharma emails privileged
Securities 2018-06-18 10:10 pm By Cat Fredenburgh

A judge overseeing a securities class action against former directors of failed pharmaceutical company QRxPharma and its legal advisor DibbsBarker has ruled that certain documents, including numerous emails sent by the law firm, are protected by attorney-client privilege.

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ASIC takes Westpac to court for financial adviser’s bad behaviour
Financial Services 2018-06-15 3:24 pm By Christine Caulfield

The corporate regulator has launched legal action against Westpac Banking Corp. over a former financial planner’s poor advice that resulted in multimillion dollar losses to customers.

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Judge won’t halt Quinn Emanuel AMP class action over venue fight
Class Actions 2018-06-15 2:56 pm By Miklos Bolza

A NSW Supreme Court judge refused Friday to pause one of five class actions against AMP despite an impending battle over where the cases should be heard.

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ASIC goes after ex-Quintis boss over lost Nestle contract
Securities 2018-06-14 2:27 pm By Christine Caulfield

The corporate regulator has launched civil proceedings against the former managing director of sandalwood oil producer Quintis, after the company kept its board in the dark about the termination of a supply contract with Nestle unit Galderma.

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Cooperating cos. could avoid prosecution under new leniency scheme
Financial Services 2018-06-11 9:14 pm By Miklos Bolza

The government has released a draft code of practice for a new deferred prosecution scheme under which corporations could avoid charges in exchange for self-reporting serious corporate crimes.

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Judge tells AMP to warn state court of class action venue fight
Class Actions 2018-06-08 11:35 pm By Christine Caulfield

A federal judge on Friday set an August date to hear AMP’s arguments for why competing class actions should be moved to the NSW Supreme Court, but ordered the company to alert the state court to the brewing jurisdictional battle.  

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LiveTiles CEO’s company must pay brother’s legal bill
Securities 2018-06-08 4:34 pm By Cat Fredenburgh

A judge has ordered legal tech entrepreneur Karl Redenbach’s company to foot the legal bill of his brother and nSynergy co-founder, Keith Redenbach, after a court gave the green light to a derivative suit alleging Karl diverted tens of millions of dollars in nSynergy’s assets, including software company LiveTiles.

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Funder can’t stop Banksia class member from appealing $64M settlement
Class Actions 2018-06-08 12:15 am By Christine Caulfield

The litigation funder underwriting a class action over the collapse of Banksia Securities lost its bid Thursday to block a group member from challenging a $64 million settlement in the case.

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AMP has fight on hands over bid to move class actions
Class Actions 2018-06-07 10:14 pm By Christine Caulfield

AMP will begin its push on Friday to move competing Federal Court class actions to the NSW Supreme Court, but the company will face fierce opposition.

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