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AUSTRAC claims Star walked back admissions in money laundering case
AUSTRAC 2024-09-11 11:57 pm By Cindy Cameronne

AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator’s case over its alleged failure to comply with its money laundering obligations.

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Class action can grill Boral boss over email reference to EY’s dismal take on US biz
Trials 2024-09-10 3:13 pm By Christine Caulfield

Boral’s former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group’s poor performing US windows business, despite claims that the findings were privileged.

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Albanese government to impose age limits on social media use
Social Media 2024-09-10 11:34 pm By Cat Fredenburgh

The Albanese government plans to introduce legislation that would bar children under a certain age from setting up social media accounts.

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Ex-Seven reporter drops suit after court told of 13 complaints by women
Employment 2024-09-10 11:33 pm By Cat Fredenburgh

Axed Seven Network reporter Robert Ovadia has dropped a lawsuit against his former boss, just days after the court heard that 13 women came forward with complaints following his dismissal.

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Mesoblast reaches settlement in class action over COVID-19 treatment
Class Actions 2024-09-09 12:57 pm By Cindy Cameronne

Mesoblast has agreed to settle a shareholder class action centred on statements to the market about its Remestemcel-L treatment, resolving claims it misrepresented the efficacy of the therapy for COVID-19 patients.

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X Corp wants to dodge eSafety Commissioner’s notice served on Twitter
Social Media 2024-09-09 11:45 pm By Andy Sidler

X Corp claims it is not answerable to a compliance notice the eSafety Commissioner issued to Twitter concerning its monitoring of child sexual abuse on its platform, telling the court there’s a “lively dispute” about the effect of the company’s acquisition by Elon Musk.

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Domino’s hit with shareholder class action
Class Actions 2024-09-06 9:47 pm By Cat Fredenburgh

Domino’s has been stung with shareholder class action accusing the pizza giant of misleading the market about its expected performance in Japan. 

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Class action accuses Exactech of supplying faulty joint implants
Class Actions 2024-09-06 12:53 pm By Cindy Cameronne

A Sydney law firm has filed a class action accusing private equity-owned medical device maker Exactech of supplying faulty joint implants that were subject to deterioration due to a packaging defect, caused serious medical complications in patients. 

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Westpac risk manager claims bank painted her a ‘troublemaker’
Employment 2024-09-06 3:13 pm By Andy Sidler

Westpac’s head of audit and risk has taken her employer to court, claiming the bank shut down her compliance concerns about its shuttered mortgage broking subsidiary RAMS and stigmatised her as a “troublemaker” after she made repeated inquiries into the matter.

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Superannuation class action against Westpac unit to be discontinued
Class Actions 2024-09-06 12:44 pm By Sam Matthews

A class action targeting Westpac subsidiary BT Funds Management and Tal Life Insurance is set to be discontinued less than a year after it was filed.

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