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Judge ‘bereft’ of power to vary $138M IAG settlement to allow late opt outs
Adam Hochroth 2021-04-23 5:07 pm By Miklos Bolza

A $138 million class action settlement with IAG over alleged junk insurance will go ahead after a judge found he was “bereft” of power to vary his prior approval judgment and include late opt out bids by group members that threatened to derail the agreement last month.

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Law firms behind rival Allianz class actions to press for novel alternative to beauty parade
Christopher Withers 2021-04-23 3:46 pm By Christine Caulfield

Two law firms bringing competing class actions against insurance giant Allianz have proposed to resolve the duplication by jointly running just one of the cases, but the judge overseeing the litigation needs convincing, she said Friday.

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NAB class action over MySuper put on ice as invalidity ruling challenged
Allens 2021-04-22 10:35 pm By Christine Caulfield

A Federal Court class action against two NAB units over $6.3 billion in super funds is on hold after lawyers for the applicant filed an appeal of a ruling that found their state court proceeding had been invalidly commenced.

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Biotech Mesoblast to be hit with class action over COVID-19 treatment disclosures
Class Actions 2021-04-22 9:25 pm By Cindy Cameronne

Australian regenerative medicine company Mesoblast faces a shareholder class action over disclosures related to its Remestemcel-L treatment for COVID-19 complications.

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Ben Roberts-Smith flags ‘serious concerns’ about potential unlawful conduct by Fairfax
Anna Mitchelmore 2021-04-22 5:27 pm By Cindy Cameronne

Ben Roberts-Smith has raised “serious concerns” in his defamation case against Fairfax that the media company may have unlawfully published classified material he allegedly buried in his backyard, with the war veteran asking for an explanation of where it came from.

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COVID-19 lease cancellation test case filed by Sydney bar
Bartier Perry 2021-04-22 5:17 pm By Miklos Bolza

A shuttered upmarket cocktail bar in Sydney is seeking damages from its former landlord after the termination of its lease agreement during the COVID-19 pandemic forced it to close less than a year after opening its doors.

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ACCC to fight production of JPMorgan witness statements in ANZ cartel case
ACCC 2021-04-22 5:02 pm By Cat Fredenburgh

The judge who vowed last year to move a criminal cartel case over a $2.5 billion ANZ share placement to trial “before we all retire” will soon weigh the ACCC’s claim for privilege over statements from JPMorgan witnesses it has been accused of pressuring during its investigation, two months after a different judge heard a still unresolved privilege fight in the long-running case.

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Judge to decide if lockdown class action lawyer’s clients must hand over details
Advocate Me 2021-04-22 3:59 pm By Miklos Bolza

A judge will hear arguments by suspended lawyer Serene Teffaha, who filed a class action against the state over lockdown restrictions, over whether her clients can be made to supply their details to a Hall & Wilcox lawyer who was appointed to take over her firm.

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Creditors vote to place debt-laden Greensill in liquidation
Financial Services 2021-04-22 3:46 pm By Christine Caulfield

Creditors of Greensill Capital have voted to liquidate the company’s assets after no buyer emerged to rescue the debt-stricken financial services firm.

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AFR apologises to iSignThis as defamation case settles
Article 2021-04-22 3:22 pm By Cat Fredenburgh

The publisher of the Australian Financial Review has settled a defamation lawsuit by iSignthis CEO John Karantzis over an article by Rear Window columnist Joe Aston that allegedly falsely linked him to a money laundering scheme.

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