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Key witness in Hastie Services execs’ trial pointed the finger to save herself, jury hears
Clayton Utz 2019-06-03 8:50 pm By Miklos Bolza Sydney

A former finance manager from Hastie Services and key witness for the prosecution in the criminal trial against two of the company’s former executives only pointed the finger at former COO Ian Thompson to avoid jail time herself, a jury has heard.

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Novartis appeals IP Australia decision invalidating MS drug patent
Appeals 2019-06-03 4:11 pm By Cat Fredenburgh Melbourne

Novartis has launched an appeal following a ruling by IP Australia that a proposed patent for an oral form of its top-selling multiple sclerosis drug Gilenya is invalid for lack of inventive step.

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Judge denies costs to objector in Willmott Forest MIS class actions
Class Actions 2019-06-03 4:11 pm By Cat Fredenburgh Melbourne

An investor who successfully objected to an initial settlement of four class actions over the failed Willmott Forests managed investment scheme lost a bid to have his legal costs paid by the defendants, with a judge saying the objections were not the primary basis for his refusal to sign off on the agreement.

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Westpac unit in talks to settle class action over Samra Ponzi scheme
Allens 2019-06-03 2:17 pm By Cat Fredenburgh Melbourne

Westpac unit BankSA is in talks to resolve a class action alleging it failed to detect the fraud of convicted Ponzi schemer Michael Samra.

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ACCC says LG should pay $700,000 for misleading customers about repair rights
Competition & Consumer Protection 2019-06-03 2:06 pm By Christine Caulfield Melbourne

Electronics giant LG should pay a $700,000 fine for twice breaching the Australian Consumer Law when its offshore call centre workers misled customers complaining about faulty television sets that they had no rights to a repair, replacement or refund under the law, a court has been told.

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Combustible cladding class action has prima facie case against manufacturer, judge says
Class Actions 2019-06-03 1:17 pm By Miklos Bolza Sydney

A judge has allowed the applicant in a class action over allegedly dangerous combustible cladding to sue a German-based cladding manufacturer, saying there was a prima facie case the company violated the Australian Consumer Law.

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Shine Lawyers settles shareholder class action
Class Actions 2019-05-31 11:55 pm By Christine Caulfield Melbourne

Publicly-traded law firm Shine Lawyers has reached a confidential agreement to settle a class action alleging it misled shareholders about the value of ongoing business activities, the first ever settlement of a class action in Queensland.

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Class action by sailors over broken Navy training contract revived on appeal
Appeals 2019-05-31 11:55 pm By Christine Caulfield Melbourne

An appeals court has overturned a decision dismissing a class action on behalf of enlisted Navy sailors alleging the Commonwealth of Australian breached a contract to train them to earn engineering degrees.

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Vodafone, TPG merger would have ‘profound social consequences’, ACCC tells court
Allens 2019-05-31 10:42 pm By Christine Caulfield Melbourne

Allowing Vodafone’s proposed $15 billion merger with TPG to go ahead if there were a real chance that TPG could seriously compete in the market for mobile services would have “profound social consequences,” the competition watchdog told the Federal Court Friday as it unsuccessfully sought to push back a hearing over the deal.

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ASIC wins case against Vocation, former execs after 15-month wait for judgment
Alec Leopold 2019-05-31 6:21 pm By Miklos Bolza Sydney

In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous disclosure obligations by failing to inform shareholders of problems with a large government contract.

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