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Fuji Xerox, EY settle suit over $450M accounting scandal
Accounting 2022-09-01 11:44 pm By Sam Matthews

Fuji Xerox and Ernst & Young have settled a lawsuit over $450 million in alleged accounting irregularities that also ensnared an EY partner and two senior Fuji executives.

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Fonterra wins challenge to patent for vegan dairy product
Intellectual Property 2022-09-01 11:21 pm By Sam Matthews

IP Australia has rejected the patent application of animal-free dairy and protein company Perfect Day, following a challenge by New Zealand dairy giant Fonterra.

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NT Stolen Generation class action settles for $50M
Class Actions 2022-08-31 11:32 pm By Sam Matthews

A landmark class action on behalf of over 1,700 family members and deceased estates of the Northern Territory Stolen Generations has reached a $50.45 million settlement with the federal government.

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Moore Stephens ex-partner barred from bringing all but one claim against former colleague
Corporate 2022-08-31 11:28 pm By Sam Matthews

A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.

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Bannister Law’s ex-office manager claims she was forced to work while on leave
Employment 2022-08-31 11:46 pm By Sam Matthews

Bannister Law principal Charles Bannister has been hit with a lawsuit by a former office manager who alleges she was made to work while on leave following a workplace injury.

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Sports presenter Erin Molan wins $150,000 defamation judgment against Daily Mail
Defamation 2022-08-30 11:27 am By Sam Matthews

Nine sports presenter Erin Molan has won a substantial payout from the Daily Mail over an article concerning an on-air remark she made about the pronunciation of National Rugby League Polynesian player names, despite failing to prove the story painted her as a racist.

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Cornerstone liquidators can sign funding pact for $46M case against PwC
Professional Negligence 2022-08-30 2:00 pm By Sam Matthews

A judge has granted the liquidators of Cornerstone Investment Australia leave to sign a funding agreement for the insolvent tertiary education provider’s $56 million professional negligence claim against accounting firm PricewaterhouseCoopers.

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Inpex can call on $467M bank guarantee in battle with Daewoo over delayed floating gas facility
Energy & Natural Resources 2022-08-30 10:09 pm By Sam Matthews

A judge has ruled that oil company Inpex can call on a $467 million bank guarantee in its contract battle with Korean shipbuilder Daewoo over the contentious Ichthys LNG project off the coast of Western Australia.

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‘No real contrition’: ASIC seeks $17.5M penalty against AMP in fees for no service case
Financial Services 2022-08-29 9:00 pm By Sam Matthews

ASIC has told a judge AMP should face a $17.5 million penalty for deducting $356,000 from customers’ superannuation accounts for advice they never received, saying the wealth manager had shown “no real contrition” for its conduct.

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MobiSuper, ZIB Financial fined $250,000 for ‘misleading’ superannuation marketing
Financial Services 2022-08-29 6:16 pm By Sam Matthews

A judge has fined superannuation fund promoter MobiSuper and licensee ZIB Financial $250,000 for misleading marketing calls.

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