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ASIC wants Allianz to pay $1.5M penalty for travel insurance sold on Expedia
ASIC is seeking $1.5 million in penalties against insurers Allianz and AWP after they admitted to misleading or deceiving the public by selling travel insurance to ineligible customers through three Expedia-owned websites.
Banks can’t suppress judgment on defective indictment in ANZ cartel case
Investment banks accused in the criminal cartel case over a $2.5 billion ANZ share placement will not lose their right to a fair trial with the release of a judgment finding the prosecutors' indictment deficient, a judge has ruled.
Fight brewing over competing pelvic mesh class actions against Boston Scientific
Despite a judge's urging for the parties to arrive at a "pragmatic solution", the lawyers behind competing pelvic mesh class actions against Boston Scientific will duke it out for carriage of the proceedings.
Dixon Advisory to pay $7.2M for violating best interests duty
Dixon Advisory has agreed to pay a $7.2 million penalty after admitting to ASIC's allegations that it failed to act in its clients' best interests on 53 occasions.
$23.6M Vocation class action bill might have been ‘materially lower’, judge says
A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been "materially lower" had the case been run by one funder and firm instead of two.
CDPP sent back to the drawing board to address ‘defects’ in ANZ cartel case
A judge has ordered the Commonwealth Director of Public Prosecutions to file a replacement indictment to address defects in the document at the centre of its criminal cartel case over a $2.5 billion ANZ share placement in August 2015.
7-Eleven wins removal of Seven Network’s ‘7NOW’ trade mark
Convenience store chain 7-Eleven has succeeded in having Seven Network’s '7NOW' trade mark removed for non-use, with an IP Australia delegate finding links to services on the media company's website did not amount to use.
Herbert Smith Freehills’ Christine Tran forges BigLaw path as a first-gen Australian
For Herbert Smith Freehills partner Christine Tran her first all-nighter at the law firm was a critical moment in her career in class action litigation.
Arrium settlement was a ‘substantial compromise’, judge says
A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was "substantial", the deal involved a "substantial compromise".
BHP asks High Court to weigh in on inclusion of foreign investors in class action
Global resources giant BHP Group is seeking special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.