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Vanguard hit with record $12.9M penalty in ASIC greenwashing case
Securities 2024-09-25 10:45 am By Sam Matthews

Vanguard Investments has been ordered to pay a penalty of almost $13 million for misleading the public about its $1 billion “ethically conscious” hedge fund.

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High Court asked to tackle lawyers insurance ‘monopoly’ in NSW
Business of Law 2024-09-25 11:05 pm By Sam Matthews

An insurer has asked the High Court to hear an appeal with implications for competition in the “monopolised” market for lawyers professional indemnity insurance in New South Wales.

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Pesutto admits sharing Deeming settlement talks with Jeff Kennett
Defamation 2024-09-25 11:33 pm By Andy Sidler

Victorian Liberal leader John Pesutto has admitted to sharing with ex-state premier Jeff Kennett aspects of settlement discussions with ousted party member Moira Deeming.

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Ex-MP Andrew Laming tells High Court fine for Facebook posts ‘excessive’
High Court 2024-09-25 11:05 pm By Cindy Cameronne

Former Liberal MP Andrew Laming has gone to the High Court after being hit with a $40,000 fine for failing to disclose that he was behind three politically motivated Facebook posts.

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Ex-Linchpin director loses appeal of $150,000 penalty
Appeals 2024-09-24 2:17 pm By Cindy Cameronne

The director of collapsed investment firm Linchpin Capital has lost his challenge to a $150,000 penalty, with an appeals court dismissing his arguments as “carping criticism”.

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Suit alleges barrister used $1.3M of his company’s funds for chambers fees
Securities 2024-09-24 11:41 pm By Sam Matthews

Shareholders in lending platform Marketlend can bring a derivative suit against its directors for allegedly misusing company funds, including spending $1.3 million on barrister chambers fees. 

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High Court refuses special leave in Syria repatriation fight
High Court 2024-09-24 11:10 pm By Cindy Cameronne

Human rights group Save the Children has lost its fight to release Australians held in a Syrian refugee camp after the High Court refused its special leave bid. 

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‘Horse has bolted’: Judge declasses COVID-19 insurance class actions
Insurance 2024-09-23 11:14 pm By Cindy Cameronne

Four proceedings over COVID-19 business interruption losses will be stripped of class action status, with a judge saying most of the common issues were already determined in test cases.

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CBA class actions win halt to costs battle pending appeal
Appeals 2024-09-23 2:45 pm By Cindy Cameronne

Applicants in two dismissed class actions against the Commonwealth Bank have secured an order staying an assessment of costs in the failed cases until the outcome of an appeal.

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Super Retail hit with second Fair Work case in Federal Court
Employment 2024-09-23 3:40 pm By Cindy Cameronne

Super Retail faces a second Federal Court case by a former senior female executive, after conciliation proceedings in the Fair Work Commission failed to resolve the complaint.

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