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ASIC, Noumi win appeal in privilege fight over PwC report
Securities 2024-12-20 5:45 pm By Andy Sidler

An appeals court has overturned a finding that food company Noumi waived privilege over a PwC report commissioned by Ashurst, which it produced to ASIC under voluntary disclosure.

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Graincorp class action seeks to bring toxicity claims
Agriculture 2024-12-20 4:44 pm By Andy Sidler

Graincorp may face new allegations in a class action that the use of n-Hexane at an oilseed factory in rural Victoria had an impact on the health of local residents.Ā 

AGL cops a $25M penalty for overcharging welfare recipients
Energy & Natural Resources 2024-12-19 11:28 pm By Andy Sidler

Energy provider AGL has been slapped with a $25 million penalty after it continued to deduct payments from around 500 welfare recipients after they had closed their accounts.

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IC Markets CEO hit with guillotine orders for filing defence
Class Actions 2024-12-19 3:40 pm By Andy Sidler

A judge has set a final deadline for the CEO of International Capital Markets to file his defence in a class action over risky contracts for difference.

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Swoosh accused of providing credit to financially stressed customers
Financial Services 2024-12-19 11:44 pm By Andy Sidler

ASIC has sued credit contractor Swoosh Finance for allegedly providing unsuitable loans with high fees and interest rates to customers who showed “clear signs of financial distress”.

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CIMIC settles shareholder class action for $45.25M
Securities 2024-12-18 6:25 pm By Andy Sidler

CIMIC has agreed to pay $45.25 million to settle a shareholder class action alleging it failed to properly inform the market about its investment in a Middle East company.Ā 

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Barrister who accepted briefs for appearances on same day referred to watchdog
Legal Ethics 2024-12-18 3:10 pm By Andy Sidler

The conduct of an unprepared barrister who attended the first day of an eight-day hearing without reading the full brief has been referred to the Legal Services Commissioner.Ā 

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Aldi infringed copyright of Little Bellies fruit snacks, court finds
Intellectual Property 2024-12-18 11:47 pm By Andy Sidler

A court has ruled in favour of the creators of Little Bellies fruit puffs, finding that Aldiā€™s Mamia Baby Puffs were a ā€œflagrantā€ breach of their copyright.

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Westpac shouldn’t mediate employee suit with ‘one hand behind back’: court
Employment 2024-12-17 1:20 pm By Andy Sidler

A judge has delayed mediation in a suit alleging Westpac fired its former head of risk after complaints of alleged fraud at its RAMS unit.

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AUSTRAC accuses online betting firm Entain of money laundering failures
Gaming 2024-12-17 1:37 pm By Andy Sidler

The operator of online gambling sites Ladbrokes and Neds has been taken to court by AUSTRAC for alleged ā€œsystemicā€ money laundering compliance failures.

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