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Crown sues NSW government to protect Sydney harbour views
Article 2018-08-09 2:57 pm By Christine Caulfield Melbourne

Crown Resorts is taking the NSW government to court over development at central Barangaroo that threatens to block its views of Sydney Harbour Bridge and the Opera House.

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Fitch class action can probe rosy ratings of Sigma Finance
Article 2018-08-08 10:50 pm By Miklos Bolza Sydney

The lead applicant in an investor class action against Fitch Ratings will get its hands on internal reports detailing why the agency assigned a Triple A rating to Sigma Finance Corporation ahead of its 2008 collapse, and whether it could have predicted the fall of the $27 billion investment fund. 

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Full Court questions restraint against class action lawyers
Appeals 2018-08-07 10:21 pm By Miklos Bolza Sydney

The Full Federal Court expressed doubts Tuesday about an “unusual” and “heavy handed” order restraining lawyers leading the stayed class actions against GetSwift from advising their clients about whether to opt out of the prevailing action.

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Westpac dodges ASIC bid for rogue trader chatter
Allens 2018-08-07 9:46 pm By Christine Caulfield Melbourne

The corporate watchdog can’t get its hands on documents detailing Westpac’s disciplinary measures against rogue traders or communications between the employees ahead of a penalty hearing in a case that found the bank attempted to influence the Bank Bill Swap Rate.

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Competing class action fix divides firms in ALRC submissions
Article 2018-08-07 8:40 pm By Christine Caulfield Melbourne

The “highly-controversial” battles over multiple class actions against AMP and GetSwift are just two cases in a decades-long history of class action proceedings and should not be the basis of any proposals to fix perceived gaps in courts’ powers, plaintiffs firm Slater & Gordon said Tuesday.

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ASIC to embed corporate cops in big four banks
Article 2018-08-07 2:02 pm By Cat Fredenburgh Melbourne

The Australian Securities and Investments Commission will get a $70.1  million boost to fight corporate wrongdoing as part of a funding package that includes a plan to embed ASIC staff in the big four banks and AMP.

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ACCC appeals suppressed ruling in Cascade Coal cartel case
Article 2018-08-07 10:08 am By Cat Fredenburgh Melbourne

The ACCC is appealing a ruling dismissing its cartel case against Cascade Coal that alleged the company reached an agreement with rival Loyal Coal in the 2009 tender process for mining exploration licences in the Bylong Valley, NSW.

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Big W worker wins $543,000 after injury sidelines career as paramedic
Article 2018-08-06 7:40 pm By Christine Caulfield Melbourne

A Big W worker whose on-the-job injury caused her chronic leg and back pain has won $543,000 in damages against Woolworths after the company admitted breaching its duty to the teenager.

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ACCC goes after Seednet for misleading farmers over barley performance
Agriculture 2018-08-06 11:30 am By Christine Caulfield Melbourne

The consumer watchdog has filed enforcement action against grain supplier Seednet, alleging the company misled farmers about the quality of its newest barley variety.

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PwC can’t force law firm off Vocation class action after lead applicant death
Article 2018-08-03 9:47 pm By Christine Caulfield Melbourne

A judge has dismissed a bid by PriceWaterhouseCoopers to have one of two law firms bow out of a joint class action against the accounting giant after a lead applicant died.

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