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NACC to kick off with ‘huge backlog’ of referrals
Allens 2023-06-30 11:20 pm By Cindy Cameronne

The new federal corruption watchdog that commenced operating Friday will likely turn its sights first on the award of public grants, and is expected to face a “huge backlog” of referrals. 

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IAL hit with $40M penalty over unpaid NRMA loyalty discounts
ASIC 2023-06-30 4:03 pm By Christine Caulfield

A court has imposed a $40 million penalty on Insurance Australia Limited in a case by the corporate regulator alleging NRMA customers were not paid $60 million in promised loyalty discounts.

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Misconduct exception doesn’t apply in Uber class action privilege fight
Alexia Staker 2023-06-30 11:52 am By Sam Matthews

In the latest skirmish over documents in two class actions, Uber has mostly won a bid to shield almost 150 documents on the grounds of privilege, with a judge finding the misconduct exception that has previously bedevilled the rideshare giant did not apply.

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Seven tries to resurrect ‘7Now’ mark in IP stoush with 7-Eleven
7-Eleven 2023-06-26 11:41 pm By Cat Fredenburgh

Seven Network has appealed a ruling that revoked its 7NOW trade mark for non-use in a victory for convenience chain 7-Eleven as it seeks to expand its presence in Australia.

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Santos equated carbon offsets with emissions cuts, court told in landmark greenwashing case
Brendan Lim 2023-06-23 4:04 pm By Cindy Cameronne

A landmark case brought by a shareholder advocacy group accusing Santos of greenwashing will seek to argue the energy company misled the market by presenting its carbon offset programs as plans to reduce emissions.

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Trial questions won’t be revised to give Monsanto ‘layer of insurance’ in class action
Agriculture 2023-06-22 11:47 am By Sam Matthews

The judge overseeing a class action against Monsanto over its weed killer has rejected the agrochemical giant’s application to amend the common questions to be decided at a liability trial to account for its alternative defence.

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$29M settlement in Westpac class action gets green light
Allens 2023-06-21 12:29 pm By Cindy Cameronne

A judge has approved a $29 million settlement in a class action against Westpac over ‘junk’ consumer credit insurance, a deal that earns the bank’s customers at least $19.6 million. 

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ACCC’s rejection of $1.8B Telstra, TPG deal stands on appeal
Brendan Lim 2023-06-21 10:22 am By Cindy Cameronne

Telstra and TPG have lost their challenge to the ACCC’s decision refusing authorisation for a $1.8 billion regional network sharing agreement, with the Australian Competition Tribunal finding the deal would increase Telstra’s dominance in the mobile phone market. 

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7 years in and counting, Worley class action ‘needs finality’: judge
Alexander Edwards 2023-06-20 2:47 pm By Cindy Cameronne

A judge has declined to hear an interlocutory stoush about the scope of a shareholder class action against engineering company Worley before an upcoming trial, saying the case, which has been on foot since 2015 and was appealed to the High Court, needed “some finality”. 

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$47M settlement in ANZ credit insurance class action reasonable, judge says
Allens 2023-06-16 4:37 pm By Christine Caulfield

A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks over ‘junk’ consumer credit insurance — was fair and reasonable, a judge has said.

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