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‘Disastrous’ GetSwift class action settlement revised down to $1M
Class Actions 2022-12-20 4:47 pm By Cat Fredenburgh

A $1.5 million class action settlement against failed logistics provider GetSwift, which a judge termed a “disaster”, has been revised down to $1 million and may face a liquidators’ challenge that could see a group members recover nothing.

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AVZ Minerals may face class action over lithium project disclosures
Securities 2022-12-20 9:52 pm By Cat Fredenburgh

Lithium prospecting  company AVZ Minerals is facing a potential class action for allegedly misleading shareholders about its ownership rights to its flagship lithium project in the Democratic Republic of Congo. 

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Finder Wallet taken to court by ASIC over ‘unlicensed’ crypto product
Financial Services 2022-12-15 5:48 pm By Cat Fredenburgh

ASIC has filed a lawsuit against Finder Wallet, a subsidiary of comparison website Finder.com, alleging the company breached various requirements in relation to its crypto product Finder Earn.

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High Court won’t hear appeal by payday lenders Cigno, BHF
High Court 2022-12-15 8:43 pm By Cat Fredenburgh

The High Court won’t hear an appeal by payday loan providers Cigna and BHF seeking to challenge a Full Court judgment that found they can’t dodge the obligations contained in the National Credit Code through their lending model.

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Binance Australia fined $2M for Spam Act violations
Cryptocurrency 2022-12-14 10:37 pm By Cat Fredenburgh

The Australian unit of the world’s largest cryptocurrency exchange, Binance, has been fined $2 million for sending million of emails that violated spam laws.

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Ashurst snags partner for Sydney real estate team
Business of Law 2022-12-14 7:38 pm By Cat Fredenburgh

Ashurst has lured a partner from Hall & Wilcox as the firm looks to expand its Sydney real estate team.

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Brittany Higgins settles claims against government
Employment 2022-12-13 10:40 pm By Cat Fredenburgh

Former Liberal staffer Brittany Higgins who accused former colleague Bruce Lehrmann of rape has settled her civil claims against the Commonwealth.

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Former Statewide Super execs charged with dishonesty offences
White Collar 2022-12-12 2:14 pm By Cat Fredenburgh

The former chief financial officer and chief risk officer of South Australian industry super fund Statewide Superannuation have been hit with criminal charges related to the procurement of services from financial services platform Cosight.

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Dan Murphy’s owner stumbles in bid for Darwin pub
Competition & Consumer Protection 2022-12-12 2:45 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has raised preliminary competition concerns about Endeavour Group’s proposed acquisition of the Beachfront Hotel north of Darwin, saying it could stymie competition in the local market for takeaway liquor.

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Bloomex taken to court for ‘misleading’ consumer ratings
Competition & Consumer Protection 2022-12-09 11:36 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has taken online florist Bloomex to court for allegedly violating the Australian Consumer Law by posting misleading customer ratings on its website.

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