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Detergent buyers don’t confuse Finish, Somat brands, trade mark trial hears
Ashurst 2021-11-16 6:14 pm By Bianca Hrovat Sydney

The maker of Somat dishwashing products has hit back at allegations of trade mark infringement, telling a court the prominent brand name on its range of dishwashing tablets functions as an “unmistakable” point of difference between the company and market leader Finish.

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In rare shareholder class action trial, Slater & Gordon investor takes stand
Andrew Roe 2021-11-15 8:27 pm By Cindy Cameronne Sydney

The lead applicant in a shareholder class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition has said he might have “dumped” his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Young’s allegedly faulty advice.

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Judge questions ASIC’s ‘very, very modest’ $750,000 penalty against La Trobe Financial
ASIC 2021-11-15 1:59 pm By Bianca Hrovat Sydney

A judge has expressed hesitation about a $750,000 penalty proposed by the Australian Securities and Investments Commission in its misleading advertisement case against $5.15 billion credit fund La Trobe Financial Asset Management, calling the amount “very, very modest”.

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Emirates Group can’t recoup $10.5M paid to Australian staff through JobKeeper
ATO 2021-11-15 4:54 pm By Miklos Bolza Sydney

Eight companies in the Dubai-based Emirates Group have lost a court bid to recoup more than $10.5 million paid to Australian staff during the COVID-19 pandemic on the mistaken belief that the money would be repaid as part of the federal government’s JobKeeper subsidy scheme.

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Judge appoints sample group members in $500M Uber class action
Alexia Staker 2021-11-15 10:43 am By Miklos Bolza Sydney

A judge has appointed seven sample group members in a class action by taxi and hire car drivers against Uber, saying they would provide additional information about the regulatory environment in different states and bring focus to the trial.

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EY says Pitcher Partners ‘solely responsible’ in Slater & Gordon class action
Andrew Roe 2021-11-12 4:07 pm By Cindy Cameronne Sydney

Accounting firm Pitcher Partners was “solely responsible” for giving allegedly negligent advice about Slater & Gordon’s disastrous $1.2 billion Quindell acquisition ahead of the law firm’s massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firm’s shareholders.

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‘Astonished’ judge scolds law firms for slow progress in Treasury Wine Estates class action
Class Actions 2021-11-12 5:42 pm By Miklos Bolza Sydney

A Victoria Supreme Court judge has admonished Maurice Blackburn and Slater & Gordon for their less than speedy progress in a consolidated shareholder class action against Treasury Wine Estates, after hearing that evidence would not be filed by the plaintiffs until the end of 2022.

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Woolworths class action settlement to cover $1.75M legal bill, but no payout for group members
Adero Law 2021-11-12 11:06 am By Miklos Bolza Sydney

Woolworths has agreed to pay $1.75 million in Adero Law’s legal costs as part of a settlement of an underpayments class action which will see group members recoup any amounts they are owed in a separate proceeding brought by the Fair Work Ombudsman rather than the class action.

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Forum Finance director says Westpac’s case against him ‘hopelessly weak’
Allens 2021-11-12 12:25 pm By Christine Caulfield Melbourne

Forum Finance director Vincenzo Tesoriero wants to strike out Westpac’s claims against him and has told a court he too is a victim of alleged fraudster Bill Papas, having sunk up to $9 million in the company.

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High Court shoots down Volkswagen’s challenge to landmark $125M dieselgate penalty
ACCC 2021-11-12 12:31 pm By Miklos Bolza Sydney

The High Court has rejected Volkswagen’s special leave application to challenge a record $125 million penalty for selling cars with a defeat device that allowed them to cheat on emissions tests.

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