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IAG’s risk assessment of COVID claims under microscope in shareholder class action
Class Actions 2024-08-27 11:39 pm By Andy Sidler

A judge has granted broad discovery to a shareholder class action against IAG over COVID-related disclosures, saying the documents sought were relevant to determining the likelihood the insurer knew of the risk that it would have to pay out business interruption claims covered by polices that referenced defunct legislation.

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Transurban suppresses, settles employee’s harassment suit
Employment 2024-08-27 11:11 pm By Christine Caulfield

Transurban has reached a confidential settlement in a case by an employee alleging sexual harassment, the second employment suit the toll road operator has resolved this month by a female worker.

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Financial advisor jailed for 12 years after fleecing clients of $6M
White Collar 2024-08-27 11:54 pm By Andy Sidler

A former financial advisor at the now-defunct Growth Plus Financial Group has been convicted on 28 counts of fraud and jailed for 12 years for defrauding clients of $6 million, in conduct a judge described as “evil” and “systematic”.

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3A Compositesā€™ cladding comparable to petrol, class action trial told
Trials 2024-08-26 11:36 pm By Cindy Cameronne

A class action trial has heard that allegedly flammable Alucobond panels provided by 3A Composites and supplier Halifax Vogel are comparable to petrol and could present an ā€œinsurmountable challengeā€ to containing a fire.

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PwC partner resolves suit over alleged $3.3M fraud scheme
Employment 2024-08-26 11:52 pm By Christine Caulfield

A PricewaterhouseCoopers partner has reached a settlement in a case alleging she was involved in a $3.3 million scheme to defraud her husband’s employer.

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Judge halts BSF, Cigno penalty hearing, says ASIC should have fought appeal
Financial Services 2024-08-26 11:06 pm By Christine Caulfield

A three-day penalty hearing in action against payday lenders BSF Solutions and Cigno — in which ASIC is seeking a multi-million dollar fine — has been put on ice until after a challenge to a finding that they were unlicensed credit providers.

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Ten reporter settles personal injury case, forges ahead with discrimination suit
Employment 2024-08-26 11:26 pm By Andy Sidler

Former Ten journalist Tegan George has reached a settlement in a case claiming she suffered PTSD on the job, but will continue her separate lawsuit against the TV network for alleged sex discrimination.

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AGL overcharged hundreds of customers receiving Centrelink payments, court finds
Energy & Natural Resources 2024-08-26 11:20 pm By Andy Sidler

A judge has found energy company AGL committed thousands of contraventions of the Retail Rules by continuing to deduct payments from welfare recipients after they had closed their accounts.

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OAIC won’t investigate facial recognition software company Clearview AI again
AI 2024-08-26 11:50 pm By Cat Fredenburgh

The OAIC will not investigate Clearview AI further after finding in 2021 that the US-based facial recognition software company breached privacy rules by scraping facial images from the web, but the regulator promised to weigh in soon on when the use of personal information to train AI could run afoul of privacy laws.

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Telstra’s case stayed against family of employee accused of $3M theft
Telecommunications 2024-08-26 11:11 pm By Andy Sidler

Telstra’s case against two family members of a former employee accused of stealing millions of dollars in phones and other electronics has been paused pending the outcome of criminal proceedings, with a court finding the telco’s pursuit of proceeds of the alleged crime would prejudice the pair’s right to silence.

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