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Developer says Full Court ‘plainly wrong’ in tossing ACCC’s case against NSW Ports
Appeals 2023-06-22 11:02 pm By Cindy Cameronne

A New South Wales developer will mount a challenge to a Full Court decision that tossed the ACCC’s competition case against NSW Ports over an agreement to privatise two ports, arguing the majority ruling was “plainly wrong”.

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Facing ‘staggeringly large’ security costs, class action queries separate lawyers for Blue Sky execs
Banton Group 2023-06-21 11:07 pm By Sam Matthews

The applicant in a class action against Blue Sky Alternative Investments and auditor EY has raised an “often overlooked” principle to challenge the separate legal representation of two of the company’s directors, dodging applications for almost $15 million in security – for now.

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Law firm investigating class action against Salt Lake Potash, auditor EY
Accounting 2023-06-16 11:41 pm By Gareth Baker

A law firm is probing a shareholder class action against former ASX-listed Salt Lake Potash and auditor EY, alleging the company failed to disclose material information about its financial position before entering receivership in late 2021.

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Class action against KPMG, CuDeco directors wants insurance docs to avoid ‘train wreck’
Accounting 2023-06-13 11:59 pm By Gareth Baker

A shareholder class action against KPMG and the directors of defunct mining company CuDeco is seeking insurance information and a limited number of documents from the directors ahead of mediation, to avoid a “train wreck” of a case, a court has heard.

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Insurers ‘can’t say’ if they will cover Blue Sky class action claims
Arnold Bloch Leibler 2023-06-09 9:17 pm By Cindy Cameronne

A judge has avoided a fight “with the High Court written all over it” over whether an investor class action against Blue Sky Alternative Investments and auditor EY can join four insurers to the case.

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Banton Group snags two ‘hardcore litigators’ to power overseas expansion
Banton Group 2023-05-31 5:05 pm By Gareth Baker

Boutique litigation firm Banton Group has hired Laura Keily and Ryan McCrosson as name partners, as as the firm eyes expansion into the US, UK and Cayman markets.

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‘Why do they have to be so precise’: Judge quizzes crypto issuer over class action pleadings
Andrew Crowe 2023-05-30 3:53 pm By Sam Matthews

The judge overseeing a class action against Qoin cryptocurrency issuer BPS Financial and several related companies has questioned the level of precision required of the pleadings, as the company fights the  applicant’s bid to amend its case for the fourth time.

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Second investor class action against IG Markets looms
Banton Group 2023-05-12 4:17 pm By Christine Caulfield

IG Markets could be hit with a second class action by investors seeking to claw back hundreds of millions of dollars allegedly lost in trading in over-the-counter derivative products known as contracts for difference.

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Crypto class action against Qoin issuer trying to bring ‘entirely new’ case, court told
ASIC 2023-04-20 4:10 pm By Cindy Cameronne

Qoin cryptocurrency issuer BPS Financial is fighting a class action applicant’s bid to amend its case for the fourth time, saying it is trying to bring an “entirely new claim”.

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KPMG points finger at CudeCo, directors in class action over company collapse
Accounting 2023-04-13 4:33 pm By Cindy Cameronne

KPMG has hit back at a shareholder class action over allegedly misleading statements made ahead of CuDeco’s collapse in 2020, placing blame on the defunct mining company, its directors and group members themselves. 

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