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Start-up off hook for broken promises, rules NSW Appeals Court
Securities 2018-02-19 8:49 pm By Cat Fredenburgh Melbourne

A tech start-up that failed to deliver on a promise that investors would triple their money and was found liable for the entire investment has won a major reversal of the ruling on appeal.

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ACCC cartel case to be conducted as eTrial
Competition & Consumer Protection 2018-02-19 7:58 pm By Cat Fredenburgh Melbourne

When trial kicks off in the ACCC’s case against a company and individual allegedly involved in a roof sheeting cartel, there will be one thing missing that courtroom spectators have come to expect from complex commercial proceedings – reams of paper.

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Penfolds copycat faces sobering moment with trademark action
Intellectual Property 2018-02-19 1:56 pm By Cat Fredenburgh Melbourne

Treasury Wine Estates has brought a trademark case against Rush Rich for allegedly making and selling copycat Penfolds products in China and Australia.  

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Ex-Toll worker in contempt over YouTube video
Employment 2018-02-16 8:41 pm By Cat Fredenburgh Melbourne

A former employee of Toll Transport has violated a court order that he remove a racially charged video he filmed of Senator Sam Dastyari while wearing a company-branded uniform.

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Myer wins costs in Chadstone lease spat
Real Estate 2018-02-16 8:11 pm By Cat Fredenburgh Melbourne

Myer and its law firm Clayton Utz have won a ruling from the Supreme Court of Victoria ordering the department store’s landlords at Chadstone Shopping Centre to pay its full legal bill after it won a multi-million dollar dispute over the terms of their lease.

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Vodafone faces US action after trouble with Aussie regulator
Securities 2018-02-16 11:58 am By Cat Fredenburgh Melbourne

Vodafone has been hit with a class action in the US alleging it failed to inform shareholders that it violated Australian law by selling pre-paid mobile phones without first verifying customers’ identities.

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ANZ fined $5M over lending practices
Competition & Consumer Protection 2018-02-16 11:44 am By Cat Fredenburgh Melbourne

A Federal Court judge in Melbourne has slapped Australia and New Zealand Banking Group with a $5 million fine for failing to properly vet customers’ financial backgrounds when providing car loans.

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New law targets predatory credit card lending
Competition & Consumer Protection 2018-02-16 10:13 am By Cat Fredenburgh Melbourne

A new bill that will crack down on predatory credit card lending practices sailed through Parliament on Thursday, the first reforms to pass in the wake of a Senate inquiry into the credit card market.

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Royal Bank of Scotland settles class action at 11th hour
Securities 2018-02-15 4:03 pm By Cat Fredenburgh Melbourne

The Royal Bank of Scotland has reached a settlement in a consumer protection class action on the eve of trial in the Federal Court.

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Financial complaints watchdog set for 2018 launch
Financial Services 2018-02-15 1:21 pm By Cat Fredenburgh Melbourne

Australian consumers will soon be able to lodge grievances with a new body for resolving complaints with financial institutions.

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