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Orix settles $18M case against CEO fired after arrest on bribery charges
Alice Zheng 2022-10-28 11:23 pm By Sam Matthews Melbourne

The sacked boss of Orix Australia — who escaped charges of corruption three years ago — has settled a dispute with his former employer, including a claim by the fleet management company for $18 million in damages.

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University of Sydney unfairly axed lecturer over swastika image, court finds
Ashurst 2022-10-28 11:47 pm By Sam Matthews Melbourne

A judge has found that the University of Sydney unlawfully terminated the employment of a political economy lecturer who was fired for conduct that included showing students a slide of a Nazi swastika superimposed on the Israeli flag.

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‘Best that can be done’: Judge OK’s ‘modest’ $33M Suncorp settlement
Arnold Bloch Leibler 2022-10-27 3:03 pm By Sam Matthews Melbourne

A judge overseeing a class action against a unit of Suncorp Group has given his blessing to a settlement that will see only $14 million of its headline $33 million figure go to super members, despite finding the modest return was “far short of the maximum potential recovery” in the case.

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Silk asked to appear in video opt-out notice to confused members in Aveo class action
Arnold Bloch Leibler 2022-10-27 5:34 pm By Sam Matthews Melbourne

A judge has declined to approve an amended opt-out notice featuring a video from a silk further explaining a “confusing” opt-out notice sent to group members in a class action against retirement home provider Aveo Group that has led to 400 opt-outs.

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ASIC issues first penalty for greenwashing
ASIC 2022-10-27 2:24 pm By Sam Matthews Melbourne

Tlou Energy has paid $53,280 for allegedly making false or misleading statements to the market about its sustainability practices, in the Australian Securities and Investments Commission’s first compliance action over so-called greenwashing.

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Noumi class action lawyers won’t commit to 22% rate in GCO bid
Alistair Pound 2022-10-26 4:31 pm By Sam Matthews Melbourne

Two class action firms have refused to provide an undertaking that would fix the rate of their contingency fee in a consolidated shareholder class action against food company Noumi and auditor Deloitte over $590 million in accounting irregularities.

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Judge rejects recusal bid in barrister’s disciplinary case for ‘none of your business’ remark
Anya Poukchanski 2022-10-26 3:42 pm By Sam Matthews Melbourne

A judge has refused to recuse herself from hearing disciplinary proceedings brought against a barrister over complaints that she used “judicially inappropriate words” at an interlocutory hearing.

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Firm running class action against Toyota gets boost from US plaintiffs firm
Automotive 2022-10-26 5:46 pm By Sam Matthews Melbourne

A law firm running a class action alleging Toyota unit Hino cheated on emissions tests has teamed up with a top US firm running parallel proceedings against the car maker.

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$27M penalty for ‘extensive and systematic’ failures by CBA units
Ben Hancock 2022-10-25 11:03 pm By Sam Matthews Melbourne

Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for “serious and unacceptable” system failures that led to excessive fee charges for customers.

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Facebook flags potential conflict of interest in cryptocurrency ad class action
Class Actions 2022-10-25 2:45 pm By Sam Matthews Melbourne

Facebook owner Meta wants to uncover the basis on which crypto tokens have been issued to bankroll a class action over its 2018 ban on cryptocurrency ads, citing the potentially conflicted interests of the self-represented lead applicant.

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