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$10M settlement offer rejected by plaintiffs in Advanta Seeds class action
Class Actions 2021-06-08 2:04 pm By Christine Caulfield

Plaintiffs in a class action against Advanta Seeds rejected a $10 million offer to settle the litigation, which was later dismissed by a judge.

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Halifax auditor faces first criminal charges over auditing breaches
White Collar 2021-06-08 1:49 pm By Cat Fredenburgh

Criminal charges have been laid against the auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, in the first criminal charges brought over auditing services in Australia.

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Ben Roberts-Smith owed record damages after reputation ‘smashed and destroyed’ by Fairfax, court hears
Defamation 2021-06-08 12:57 pm By Cindy Cameronne

Decorated war veteran Ben Roberts-Smith is owed record aggravated damages from Fairfax for publishing allegations of war crimes that it knew was false and decimating his reputation, a court has heard.

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Judge shuts down derivative suit against CBL over $3M share acquisition
Securities 2021-06-07 11:03 pm By Miklos Bolza

A shareholder’s attempt to reverse a $3.15 million share acquisition by the managing director of construction giant Consolidated Builders Ltd has been dismissed by a judge, despite finding the case had “a reasonable probability of success”.

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Major retailers file class action over missing cargo ship containers
Class Actions 2021-06-07 3:08 pm By Miklos Bolza

A class action has been filed on behalf of major retailers seeking compensation over a May 2020 incident on the MV APL England vessel which saw valuable goods en route to Australia damaged or lost overboard during rough weather.

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‘Corrosive jealousy’ drove allegations against Ben Roberts-Smith, court hears
Defamation 2021-06-07 2:55 pm By Cindy Cameronne

Former soldiers driven by ‘corrosive jealousy’ of Ben Roberts-Smith plotted to take down the Victoria Cross recipient and were aided by “credulous journalists”, a court has heard.

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Crown admits to breaching Vic law for five years, as AUSTRAC probe widens
Gaming 2021-06-07 1:58 pm By Cat Fredenburgh

Crown Resorts admitted Monday that it broke a state law at its Melbourne casino over a five-year period and revealed the financial crimes regulator has expanded its money laundering investigation to include the company’s Perth casino.

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AUSTRAC investigation into NAB referred to enforcement team
Financial Services 2021-06-07 10:55 am By Cat Fredenburgh

AUSTRAC’s long-running investigation into NAB’s compliance with anti-money laundering and counter-terrorism financing laws has progressed, with the matter being referred to the financial crime regulator’s enforcement team.

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Peter V’landys appeals loss in defamation case over ABC racehorse cruelty report
Appeals 2021-06-07 10:07 am By Christine Caulfield

Racing NSW CEO Peter V’landys AM is challenging a judge’s decision to toss his defamation case against the ABC over a 7:30 segment that revealed racehorses were being killed in violation of industry rules. 

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The Beatles hitmaker EMI can’t block ‘Abbey Road’ trade mark
Intellectual Property 2021-06-04 3:45 pm By Miklos Bolza

The Beatles hit producer EMI has lost its “ambitious” opposition to Australian craft company Spotlight registering ‘Abbey Road’ as a trade mark for its yarn products.

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