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Barrister who repped execs in long-running ASIC case appointed Federal Court judge
Clayton Utz 2021-11-01 3:47 pm By Miklos Bolza Sydney

A silk and former Clayton Utz litigation partner who represented the directors of failed telco OneTel in a nearly decade-long ASIC case that ended in a defeat for the corporate regulator has been appointed a judge on the Federal Court.

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Binding statement as good as class action in age pension case, judge told
Australian Government Solicitor 2021-11-01 8:28 pm By Bianca Hrovat Sydney

The federal government is seeking to avoid a representative proceeding brought on behalf of Indigenous men alleging its failure to “close the gap” in life expectancy necessitates a lower age eligibility for their fair and equal access to the age pension.

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Law firm wants to use class action list to help group members in Tandem liquidation
Brendan Avallone 2021-11-01 9:05 pm By Miklos Bolza Sydney

Shine Lawyers is seeking court permission to use a list of employees provided by collapsed telecommunications contractor Tandem in a stayed class action to assist group members with making claims and recovering losses in the company’s liquidation.

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Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
ACCC 2021-10-29 9:27 pm By Christine Caulfield Melbourne

In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank and its group treasurer, Rick Moscati.

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Law firm must pay $13M for negligence that led to client’s botched Woolworths deal
Alec Leopold 2021-10-29 9:53 pm By Cindy Cameronne Sydney

A national law firm has been found liable to pay $13 million in damages for giving negligent advice to a former client that led to a botched sale of its business to Woolworths and caused it to go into administration.

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Crown pays $125M to settle class action over Chinese gambling disclosures
Class Actions 2021-10-29 9:30 am By Christine Caulfield Melbourne

Crown Resorts has reached a $125 million settlement in a shareholder class action, avoiding a six-week trial scheduled to begin on Monday.

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Class action silks thank court for OKing in-person trial that didn’t happen
Class Actions 2021-10-29 7:27 pm By Christine Caulfield Melbourne

A settlement in the class action against Crown Resorts put paid to an in-person trial before it began, but gathering in court on Friday to notify the presiding judge of the happy outcome was enough to remind the Victorian litigators what they had missed over the past 18 months.

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CBA seeks leniency as judge grapples with first criminal case of its kind
ASIC 2021-10-29 5:31 pm By Miklos Bolza Sydney

A fine imposed against the Commonwealth Bank for false and misleading representations to customers should reflect offences that were “well below the midpoint” of seriousness, counsel for the bank has told a judge overseeing the first criminal case of its kind.  

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Employsure wins case against former employees who jumped ship to rival
Contracts 2021-10-29 10:05 pm By Bianca Hrovat Sydney

Workplace relations heavyweight Employsure has won its case against rival ELMO Software and two former employees who sought to jump ship to a competitor in breach of their employment contracts and fiduciary duties.

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Rate-rigging class action pleadings OK’d, more than two years after case filed
Allen & Overy 2021-10-28 3:56 pm By Miklos Bolza Sydney

A judge has given the green light to amended pleadings in a class action accusing major banks of entering a cartel agreement to rig foreign exchange rates, bringing a two-year fight over the pleadings closer to resolution.

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