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Arrium class action seeks unredacted KPMG audit file
Ashurst 2021-12-14 6:16 pm By Miklos Bolza

Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant’s handling of the steel producer’s financial statements before its collapse in April 2016.

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High Court to hear Google’s challenge to $40,000 defamation award to gangland lawyer
Appeals 2021-12-14 5:51 pm By Miklos Bolza

The High Court has granted Google special leave to challenge a $40,000 defamation judgment awarded to gangland lawyer George Defteros, with the search giant arguing it should not be held liable for a “mere hyperlink” to an article.

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Class action against Zurich over faulty apartments gets go-ahead
Australian Government Solicitor 2021-12-13 5:20 pm By Miklos Bolza

A class action against Irish insurer Zurich Insurance Plc by unit owners of the defective New Zealand-based Victopia Apartments can proceed in Australia after the NSW Supreme Court ruled the case could not be filed elsewhere.

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Nine hit with discrimination class action over $30M Palm Island settlement coverage
Class Actions 2021-12-13 4:46 pm By Miklos Bolza

Nine Network has been hit with a class action by Indigenous Australians who say the broadcaster’s coverage of a $30 million class action settlement being “rorted” by Palm Islanders was discriminatory and inaccurate.

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Deloitte can’t dodge client’s fraud claims, 16 years after alleged conduct
Accounting 2021-12-10 10:01 pm By Bianca Hrovat

Accounting giant Deloitte has lost its bid to throw out a former client’s lawsuit alleging negligence and fraud over a failed interposition under tax law that occurred more than 16 years ago.

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Biogen may sue third generic drug maker to protect MS drug Tecfidera
Clayton Utz 2021-12-10 4:14 pm By Cat Fredenburgh

Swiss pharmaceutical company Biogen is considering a third patent infringement lawsuit against a drug maker to shield its monopoly in Australia for blockbuster multiple sclerosis drug Tecfidera from generic competition.

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ACCC staff training ‘inadequate’ during bank cartel probe, court hears
ACCC 2021-12-10 3:57 pm By Cindy Cameronne

A senior ACCC officer has been grilled on whether staff training on criminal cartel investigations was “inadequate” while the competition regulator ran a cartel probe into ANZ’s $2.5 billion share placement in 2016.

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Qantas in court battle over failed $35M flight academy partnership
Aviation 2021-12-10 11:17 am By Bianca Hrovat

Qantas is locked in a legal battle with a US-based pilot training provider over failed negotiations concerning the development of a $35 million pilot academy in regional Queensland.

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ANZ to pay $25M for short-changing half a million customers
ANZ 2021-12-09 3:29 pm By Bianca Hrovat

The Australia and New Zealand Banking Group has agreed to pay a $25 million penalty to resolve proceedings by the Australian Securities and Investments Commission alleging the bank short-changed hundreds of thousands of customers to the tune of $200 million.

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ASIC opposes BlueScope general manager’s request to manage company
ACCC 2021-12-09 3:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellis’ request for court permission to manage another company, saying he should wait until the ACCC’s price-fixing case against him has been decided.

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