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Sydney developer on hook for $11.2M over role in Plutus blackmail scheme
Tax 2024-08-28 11:38 pm By Cindy Cameronne

A property developer has been ordered to pay $11.2 million to the liquidators of Plutus Payroll after a judge found he helped an employee of the defunct payroll services company “wash” money he blackmailed from the company’s directors.

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Carnival says judge’s findings in Ruby Princess class action at odds with reasons
Class Actions 2024-08-27 11:13 pm By Sam Matthews

Cruise operator Carnival PLC has mounted a cross-appeal aimed at overturning a judge’s finding that it negligently failed to prevent a COVID-19 outbreak aboard the Ruby Princess cruise ship, telling the Full Court that the primary judge’s findings were not consistent with his reasons.

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Receivers appointed to Keystone fund amid ‘grave concerns’ over $160M transactions
ASIC 2024-08-27 11:01 pm By Cindy Cameronne

ASIC has won its bid to appoint receivers to a managed investment scheme run by Keystone Asset Management after expressing “grave concerns” that investor funds were used to pay sports stars and buy a $4.3 million home for its former director.

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Judge throws out defamation case over Shandee Blackburn podcast
Defamation 2024-08-27 11:40 pm By Cat Fredenburgh

A judge has thrown out a defamation case by John Peros, the former boyfriend of Shandee Blackburn, over a podcast by The Australian dealing with her murder, finding he did not suffer serious harm from the publication.

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3A Composites’ cladding comparable to petrol, class action trial told
Trials 2024-08-26 11:36 pm By Cindy Cameronne

A class action trial has heard that allegedly flammable Alucobond panels provided by 3A Composites and supplier Halifax Vogel are comparable to petrol and could present an “insurmountable challenge” to containing a fire.

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BlueScope says it ‘went close to the line’, but did not breach cartel laws
Competition & Consumer Protection 2024-08-26 11:27 pm By Sam Matthews

BlueScope Steel is seeking to overturn a record $57.5 million penalty for engaging in attempted price-fixing with flat steel distributors, telling an appeals court that it was simply trying to make its competitors understand “it was in their interests to price differently”. 

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Judge orders soft class closure in Medibank shareholder class action
Class Actions 2024-08-23 11:50 pm By Cindy Cameronne

A judge has made soft class closure orders in a shareholder class action against Medibank after the High Court has been asked to resolve a split on the issue by intermediate appellate courts.

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ANZ employee can’t work from home full time, FWC says
Seyfarth Shaw 2024-08-23 11:43 pm By Cindy Cameronne

An ANZ employee has lost her application in the Fair Work Commission to work from home full time on the basis that she is over 55 years old, with a commissioner saying there was no “rational connection” between her age and the request. 

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ASIC wins credit facility case against Kraken cryptocurrency exchange
Cryptocurrency 2024-08-23 11:03 pm By Sam Matthews

The corporate regulator has won its case against Bit Trade, the Australian provider of the Kraken crypto exchange, after a judge rejected the company’s argument that its product was not a credit facility. 

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Former MP Andrew Laming’s penalty doubled for breaching electoral laws with Facebook posts
Politics 2024-08-23 11:58 pm By Cindy Cameronne

Former Liberal MP Andrew Laming has been hit with a $40,000 fine for failing to disclose that he was behind three politically motivated Facebook posts in 2018 and 2019.

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