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Ex-BBY manager charged over $8.4M transfer of client funds before collapse
ASIC 2023-11-28 2:25 pm By Christine Caulfield

A former manager of stockbroking firm BBY Limited is the second senior employee to front court faced with criminal charges following the firm’s failure.

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Yoghurt maker Moo removes ‘100% ocean plastic’ claim from tubs
Competition & Consumer Protection 2023-11-28 1:39 pm By Christine Caulfield

Moo Premium Foods has agreed to remove claims from its yoghurt tubs that the packaging is made from 100% ocean plastic, following an investigation by the ACCC as part of the regulator’s crackdown on greenwashing.

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Optus appeals decision exposing Deloitte report to class action glare
Class Actions 2023-11-27 10:12 am By Christine Caulfield

Optus has lodged an appeal of a judgment that found the teleco could not claim legal professional privilege to shield from a class action a report by consulting giant Deloitte into last year’s major data breach.

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Still no funder for AGL class action, but dismissal not a done deal
Competition & Consumer Protection 2023-11-27 2:49 pm By Sam Matthews

A judge has given a competition class action against AGL Energy another chance to secure funding, but imposed a “drop dead date” by which the proceeding will be dismissed if no funder is found.

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Online trader Plus500 faces another class action over risky CFDs
Financial Services 2023-11-27 1:16 pm By Christine Caulfield

London-headquartered online trader Plus500 has been hit with a second class action by investors who lost money trading in highly leveraged financial products.

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Investors lost $500M trading CFDs, new class action alleges
Financial Services 2023-11-27 11:04 am By Cat Fredenburgh

Sydney-based online broker International Capital Markets is facing a class action by inexperienced investors who allegedly lost $500 million in trading risky contracts for difference.

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ACCC again calls for regulation as digital platforms expand reach
Competition & Consumer Protection 2023-11-27 10:54 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has again called for new laws to regulate digital platforms as they creep further into the daily lives of Australians through smart home devices and personal cloud storage.

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Thomson Geer picks up property team from M+K
Real Estate 2023-11-27 10:30 pm By Cat Fredenburgh

Thomson Geer has raided the property team of competitor M+K, luring a team of six, including two partners.

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CBA reaches settlement in 7-year-old class action by borrowers
Class Actions 2023-11-24 2:43 pm By Cindy Cameronne

A protracted class action against the Commonwealth Bank of Australia brought by borrowers who claimed they were forced to default on their commercial loans has finally settled, a court has heard. 

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Settlement offer not inadmissible in case against law firm, judge says
Professional Negligence 2023-11-24 11:52 pm By Sam Matthews

A judge has ruled that a settlement offer made in a case can be adduced into evidence in a construction company’s suit against its former lawyers, finding that the offer was not covered by without penalty privilege.

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