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Crypto class action members ‘wholly unprotected’ by self-repped applicant, Meta says
Class Actions 2023-02-02 11:20 pm By Christine Caulfield

Arguing the interests of the self-represented applicant and group members are in conflict, Meta and Google are urging a court to shut down a class action accusing the digital giants of breaching competition law by banning cryptocurrency ads on their platforms.

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Shaw & Partners conspired with defecting Fortrend advisors to steal clients, suit says
Corrs Chambers Westgarth 2023-01-31 5:13 pm By Sam Matthews Melbourne

Stock broker Fortrend Securities has filed a suit alleging wealth manager Shaw & Partners sent unsolicited welcome letters to clients as part of a scheme involving two former advisors.

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Judge ‘confused’ by ACCC’s rejection of $1.8B Telstra, TPG mobile network deal
ACCC 2023-01-30 4:49 pm By Cindy Cameronne Sydney

The ACCC’s rejection of a regional network arrangement between Telstra and TPG was “confusing” and the telecos might be free to vary the transaction, says a judge who is overseeing a challenge to the competition regulator’s decision.

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Corrs Chambers Westgarth practice leader defects to rival, taking team of six
Business of Law 2023-01-18 4:21 pm By Sam Matthews Melbourne

A Corrs Chambers Westgarth veteran known for his work defending the Catholic Church has left the law firm for rival Wotton + Kearney, taking with him a number of senior associates as well as the Catholic Archdiocese of Melbourne.

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Major firms dragged to court by clients, partners in 2022
Business of Law 2023-01-17 2:50 pm By Cindy Cameronne Sydney

Some of Australia’s biggest law firms were targeted by lawsuits in 2022, facing allegations of negligence or bad advice from clients, or else accused by their own partners of misconduct.

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Gina Rinehart’s Hancock Prospecting can’t halt case pending arbitration in 20-year feud
Allens 2023-01-16 11:24 pm By Sam Matthews Melbourne

Hancock Prospecting has lost a bid to shut down court cases brought by fellow mining giants Wright Prospecting and DFD Rhodes until the outcome of a family arbitration, after a judge found the company’s own forensic choices made the risk of inconsistent decisions inevitable.

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Class action members benefit when funder’s payout in line with risk, judge says
Accounting 2023-01-13 10:37 pm By Christine Caulfield

In reasons for approving a $41 million deal to settle one of three shareholder class actions over Slater & Gordon’s acquisition of a UK firm and awarding the funder 28 per cent, a judge has challenged a persistent notion that the interests of litigation funders and group members are at odds.

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Sportsbet wins anti-suit injunction against US case by sportsbet.com owner
Corrs Chambers Westgarth 2023-01-12 11:49 am By Sam Matthews Melbourne

Sportsbet has won an injunction preventing the owner of the sportsbet.com domain from prosecuting an action in the US, which a judge said sought to interfere with an Australian domain name battle “in the most stark fashion.”

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Nuix says it didn’t have to disclose $17M post-IPO shortfall to investors
ASIC 2023-01-11 10:15 pm By Sam Matthews Melbourne

Hitting back at ASIC’s claims it misled investors and breached disclosure rules, technology company Nuix says it had no knowledge it was failing to meet its FY21 forecast and didn’t need to disclose to investors draft documents showing missed internal targets.

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Late judgment in ASIC case derails Quintis class action trial date
ASIC 2023-01-11 5:01 pm By Cat Fredenburgh

A judge has vacated an upcoming trial in shareholder class actions against former Quintis director Frank Wilson and Ernst & Young, after learning judgment in similar ASIC proceedings against Wilson will not be delivered before the class action hearing kicks off.

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