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

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 Melbourne

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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NAB adviser who impersonated clients banned by ASIC
Competition & Consumer Protection 2018-06-07 10:03 pm By Cat Fredenburgh Melbourne

ASIC has permanently banned a former NAB adviser from providing financial services after an investigation found he impersonated clients in order to get access to client funds that he transferred into sham bank accounts.

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Uber patent invalidates Precision GPS tech, Domino’s says
Allens 2018-06-07 9:46 pm By Miklos Bolza Sydney

Two GPS tracking patents at the heart of a David vs. Goliath battle between Domino’s and a Sydney-based startup were foreshadowed by a patent owned by Uber, the pizza chain giant told a court Friday.

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Elite legal teams to defend ANZ criminal cartel case
Allens 2018-06-07 5:37 pm By Cat Fredenburgh Melbourne

As the ACCC’s criminal cartel case against ANZ, Citigroup and Deutsche Bank gets underway, the regulator will face off against a formidable team of lawyers with extensive experience in defending competition matters.

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Judge ‘suspicious’ of VW motive for killing Bannister class actions
Article 2018-06-06 10:24 pm By Miklos Bolza Sydney

A judge overseeing five Dieselgate class actions against Volkswagen questioned on Wednesday the car giant’s claim that it wanted to close down two of the cases — run by Bannister Law — for the benefit of group members.

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Patron loses opposition to Pirate Bay Rum trade mark
Consumer Goods 2018-06-06 9:51 pm By Cat Fredenburgh Sydney

IP Australia has denied liquor producer Patron Spirits’ opposition to rival Fernbrew’s trade mark for Pirate Bay Rum, saying the mark was not likely to be confused with Patron’s Pyrat brand of rum.

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Teen injured on Carnival cruise wins $450,000 judgment
Entertainment 2018-06-06 4:01 pm By Cat Fredenburgh Melbourne

A woman injured aboard a Carnival cruise ship when she was 14 years old has won a $450,000 judgment from the cruise line.

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Home builder can’t keep customers from posting negative reviews online
Competition & Consumer Protection 2018-06-06 2:44 pm By Christine Caulfield Melbourne

The ACCC has won an agreement from home builder Wisdom Properties to remove a non-disparagement clause from its standard home building agreement after the regulator said the clause likely violates the Australian Consumer Law. 

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Online lender Prospa delays float to deal with ASIC queries
Financial Services 2018-06-06 2:26 pm By Christine Caulfield Melbourne

Online small business lender Prospa postponed Wednesday’s expected float for 48 hours to “clarify” questions by the corporate regulator over its small business loans. 

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