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AMA Group taken to court over $5.5M smash repair acquisition
Contracts 2021-11-16 5:40 pm By Miklos Bolza

Automotive repair specialist AMA Group has been sued by two Gosford-based smash repair businesses claiming they were not paid enough when they were purchased for $5.5 million in October 2018.

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Ex-Healthe Care exec fined $10,000 for insider trading
White Collar 2021-11-17 12:00 pm By Cat Fredenburgh

A former executive of hospital operator Healthe Care has been sentenced and fined $10,000 after pleading guilty to one charge of insider trading for acquiring a large number of the company’s shares while in possession of inside information regarding plans to acquire a rival hospital operator.

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‘Gentle’ trading in ANZ shares an individual decision by banks, ex-JPMorgan boss says
Competition & Consumer Protection 2021-11-16 6:27 pm By Cindy Cameronne

A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade “gently” in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.

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ASIC accuses Mayfair’s James Mawhinney of breaching 20-year ban
Financial Services 2021-11-16 8:38 am By Christine Caulfield

The Australian Securities and Investments Commission has asked a court to hold Mayfair 101 director James Mawhinney in contempt, saying he has breached a 20-year ban on raising funds.

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Drug ingredient maker Alkaloids of Australia pleads guilty to cartel charges
Competition & Consumer Protection 2021-11-16 12:02 pm By Christine Caulfield

Pharmaceutical ingredient producer Alkaloids of Australia has pleaded guilty to cartel conduct over the supply of a key chemical found in generic stomach cramp drugs.

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Man sues Seven for wrongly naming him Cleo Smith abduction suspect
Defamation 2021-11-16 9:01 pm By Christine Caulfield

A Nyamal man mistakenly identified by the Seven Network as the suspect in the abduction of four-year-old Cleo Smith in Western Australia is suing the broadcaster for defamation.

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Liberal powerbroker levels ‘very serious allegations’ at Nine’s legal team
Defamation 2021-11-16 6:04 pm By Bianca Hrovat

Former Liberal power broker Marcus Bastiaan has told a court he will seek an injunction to prevent investigative journalist Nick McKenzie from “door-knocking and harassing” witnesses in a defamation lawsuit over an explosive 60 Minutes report.

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Detergent buyers don’t confuse Finish, Somat brands, trade mark trial hears
Intellectual Property 2021-11-16 6:14 pm By Bianca Hrovat

The maker of Somat dishwashing products has hit back at allegations of trade mark infringement, telling a court the prominent brand name on its range of dishwashing tablets functions as an “unmistakable” point of difference between the company and market leader Finish.

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Westpac back pays employees $6M in unpaid long-service leave
Employment 2021-11-16 11:35 am By Christine Caulfield

Westpac has agreed to pay thousands of employees across Australia a total of $6 million in unpaid long-service leave entitlements as part of a court-enforceable undertaking to the Fair Work Ombudsman.

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Judge questions ASIC’s ‘very, very modest’ $750,000 penalty against La Trobe Financial
Financial Services 2021-11-15 1:59 pm By Bianca Hrovat

A judge has expressed hesitation about a $750,000 penalty proposed by the Australian Securities and Investments Commission in its misleading advertisement case against $5.15 billion credit fund La Trobe Financial Asset Management, calling the amount “very, very modest”.

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