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Downer EDI hit with second shareholder class action over accounting irregularities
Securities 2023-05-05 4:38 pm By Cat Fredenburgh

Infrastructure services company Downer EDI has been hit with a second shareholder class action following revelations of accounting irregularities that sent its share price tumbling.

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Shipping exec who felt pressured to retire wins $230,000 judgment
Employment 2023-05-04 11:22 pm By Cat Fredenburgh

A former chief accountant for MUR Shipping who claims he was pressured to retire has won an appeal in his age discrimination case, bumping his damages award up from $20,000 to around $230,000.

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Bloomex to admit to duping consumers with online ratings
Competition & Consumer Protection 2023-05-04 11:42 pm By Cat Fredenburgh

Online florist Bloomex will admit to the Australian Australian Competition and Consumer Commission’s allegations that it violated consumer laws by posting misleading customer ratings on its website.

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McDonald’s franchisee to pay $275,000 for union busting
Employment 2023-05-04 12:20 pm By Cat Fredenburgh

A McDonald’s franchisee in Murray Bridge, South Australia has agreed to pay a $275,000 penalty after admitting to unlawfully discouraging workers from joining their union.

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NAB fails to resolve discovery spat in ‘boys club culture’ case
Employment 2023-05-04 11:11 pm By Cat Fredenburgh

National Australia Bank has moved to set aside discovery requests in a suit by its former head of repo trading alleging she was bullied and paid less than other workers because of her gender.

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Finfluencer sentenced to two and a half years for market manipulation
Financial Services 2023-05-03 11:41 pm By Cat Fredenburgh

A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the “fun and games and cat and mouse of the stock market” has been sentenced to two and half years imprisonment for market manipulation.

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ABC drops truth defence in defamation case by ex-commando Heston Russell
Defamation 2023-05-02 3:39 pm By Cat Fredenburgh

The ABC has dropped its truth defence to former Army major Heston Russell’s claims that he was defamed by two articles that suggested that he was involved in murdering an Afghan prisoner.

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ASIC targets superannuation fund’s ‘greenwashing’
ASIC 2023-05-02 10:45 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has gone after a superannuation fund over a Facebook post that allegedly overstated the fund’s positive environmental impact.

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HWL Ebsworth may have fallen victim to cyberattack
Privacy & Cybersecurity 2023-05-01 2:53 pm By Cat Fredenburgh

Hacking group ALPHV claims it has stolen a large amount of data from law firm HWL Ebsworth, including employee and client information.

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Canva quashes opposition to patent application extension after lawyer mess-up
Intellectual Property 2023-05-01 1:56 pm By Cat Fredenburgh

Graphics design platform Canva has overcome opposition to it being granted further time to apply to patent an invention for generating websites, after IP Australia found its US patent attorneys  made an “error or omission” by failing to track expiration dates for registering the patent.

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