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Merricks Capital sues to stop former exec from working at Switzer-led boutique
Melbourne-based hard assets investment manager Merricks Capital has filed court proceedings to block its ex-managing director and two other former employees from working at a investment boutique run by financial commentator Peter Switzer and his son Marty.
Mesoblast hit with second shareholder class action over COVID-19 drug
Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleading shareholders about it Remestemcel-L treatment for COVID-19 complications.
Philips Electronics fined $133,200 over deteriorating sleep machines
Philips Electronics has been fined $133,200 for failing to provide timely notice to the country's health regulator of deterioration in its sleep machines, after being hit with a class action lawsuit over degrading foam in the devices.
Qantas takes fight over axing of ground staff to High Court
Qantas has asked the High Court to reverse a judgment that found it violated the Fair Work Act by axing 1,800 ground staff partly to prevent them from bringing industrial action.
Roof tiling companies to cop penalty in ACCC cartel case
Two Sydney roof tiling businesses have made admissions in civil penalty proceedings brought by the Australian Competition and Consumer Commission alleging they rigged bids for construction at the University of Sydney.
Crown cops record $80M penalty for ‘clandestine, deliberate’ China Union Pay scheme
Victoria's gambling regulator has hit Crown Resorts with a record $80 million penalty over its China Union Pay scheme, which allowed wealthy Chinese patrons to illegally access nearly $164 million in funds.
Kupang Resources can’t get tax docs in fight to recoup funds from director Phillip Grimaldi
An appeals court has set aside a notice issued to the tax office to produce documents to Kupang Resources as the mining company seeks to claw back millions of dollars allegedly siphoned off by former shadow director Phillip Grimaldi.
Ex-Sydney Symphony CEO damaged own reputation with ‘hit job’ media release, court told
The Sydney Symphony argues its former CEO can't claim she was dismissed for investigating claims of sexual harassment by the orchestra's musicians after previously telling the media she was the victim of a politically motivated "hit job" for seeking funding from the NSW government.
ACCC swipes at Mastercard for alleged interchange rate agreement with retailers
The ACCC has taken Mastercard to court for allegedly misusing its market power by giving major retailers discounted interchange rates in exchange for them agreeing to process their debit card transactions through Mastercard instead of the cheaper eftpos network.
ANZ wrongly slapped customers with cash advance fees, ASIC claims
The Australia and New Zealand Banking Group hit hundreds of thousands of customers with cash advance fees after providing them with incorrect account balances, and the Big Four bank has still not rectified the problem, ASIC alleges in new civil penalty proceedings.