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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. 

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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. 

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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 Aldi’s Mamia Baby Puffs were a “flagrant” 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 “systemic” money laundering compliance failures.

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Maurice Blackburn’s class action risk too high to duck security, court told
Class Actions 2024-12-16 11:27 pm By Andy Sidler

Maurice Blackburn should provide $1.77 million in security in a class action over add-on insurance because the firm faces high risks in other class actions which could affect its ability to cover an adverse costs order, a court has heard.

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Mineral Resources to replead trade secrets case against Destec
Energy & Natural Resources 2024-12-16 11:45 pm By Andy Sidler

Engineering firm Destec has lost its bid to throw out a trade secrets case by Mineral Resources, with a judge giving the mining giant another chance to particularise its claims.

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Builders lose appeal over docs in spat over Royal Adelaide Hospital construction
Construction 2024-12-16 10:05 pm By Andy Sidler

The builders involved in Adelaide’s $1.85 billion Royal Adelaide Hospital have lost their appeal of a decision blocking their bid to access documents from the state government on parliamentary privilege grounds.

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