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ASIC accuses Westpac of insider trading over Ausgrid privatisation
White Collar 2021-05-05 10:52 am By Miklos Bolza

Westpac has been accused by the corporate regulator of insider trading before the $16 billion privatisation of electricity provider Ausgrid.

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Banking royal commission silk Rowena Orr named Victoria’s solicitor-general
People In The News 2021-05-04 5:40 pm By Cindy Cameronne

Victoria’s attorney-general has appointed star senior counsel for the banking royal commission, Rowena Orr QC, as the state’s highest legal adviser.

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Monash IVF faces potential class action over ‘ineffective’ genetic tests
Class Actions 2021-05-04 5:34 pm By Christine Caulfield

Costly add-on therapies sold by Monash IVF to thousands of women undergoing IVF — including pre-implantation genetic testing — are the targets of a new class action investigation.

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Forge liquidators can expand insider trading case against Clough, directors
Restructuring & Insolvency 2021-05-04 4:56 pm By Miklos Bolza

The liquidators of Forge Group have won court approval to expand their insider trading case against construction company Clough over the $187 million sale of its stake in the failed engineering and construction firm.

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AUSTRAC orders Australian Military Bank to improve anti-money laundering compliance
Financial Services 2021-05-04 4:41 pm By Miklos Bolza

AUSTRAC has taken enforcement action against military lender Australian Military Bank after accusing the bank of violating anti-money laundering, counter-terrorism finance laws.

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YouTuber Jordan Shanks says NSW Deputy Premier threatened to sue for defamation
Defamation 2021-05-04 4:03 pm By Cindy Cameronne

NSW Deputy Premier John Barilaro is allegedly threatening to sue YouTuber Jordan Shanks for defamation over videos which allegedly implied he acted corruptly and engaged in a destructive campaign to make koalas extinct.

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Former QC, now judge hit with costs in negligent advice case
Construction 2021-05-04 3:29 pm By Cindy Cameronne

A former QC who is now a judge on the Victorian Supreme Court judge has been hit with costs following a ruling that he and a law firm acquired by Russell Kennedy provided negligent advice to a former client on a land purchase contract.

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Judge mulling $38.4M Estia settlement hears class closure rulings ‘plainly wrong’
Class Actions 2021-05-04 2:49 pm By Miklos Bolza

A judge weighing a $38.4 million settlement in a shareholder class action against aged care provider Estia Health has been told that two NSW Court of Appeal judgments barring class closure were “plainly wrong”, but in deciding whether to lock group members out of the settlement the judge says he won’t need to grapple with the landmark rulings.

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Telstra fined $1.5M for dropping number porting during first COVID-19 wave
Telecommunications 2021-05-04 12:31 pm By Cat Fredenburgh

Telstra has been hit with a $1.5 million fine from the the Australian Communications and Media Authority for dropping its number porting service during the first COVID-19 wave last year, leaving 42,000 customers unable to transfer their numbers away from or to new providers.

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Judge orders $75,000 penalty in ACCC’s case against Jayco
Competition & Consumer Protection 2021-05-03 6:43 pm By Cindy Cameronne

A judge has hit caravan manufacturer Jayco with a $75,000 penalty in proceedings launched by the ACCC, finding the company made a false or misleading representation to a customer about their consumer guarantee rights.

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