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ANZ senior execs under scrutiny in investigation over $14B bond sale
Financial Services 2024-07-25 11:54 pm By Cindy Cameronne

ANZ has confirmed that senior executives could face consequences in an investigation led by Herbert Smith Freehills and Allens regarding concerns that it manipulated government bond sales last year. 

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Judge says exec’s suit against Westpac a ‘private dispute’, suppresses case docs
Employment 2024-07-25 11:11 pm By Christine Caulfield

Characterising a settled lawsuit by a Westpac senior executive alleging employment breaches as a “private” matter, a judge has made broad confidentiality orders that bar public access to the case.

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Lendlease can’t get ex-Greenwoods partner’s damages evidence before mediation
Tax 2024-07-25 11:42 pm By Christine Caulfield

Lendlease, which is facing claims by a former Greenwoods & Herbert Smith Freehills partner over its alleged “aggressive taxation position”, has failed in its bid for orders that evidence of the partner’s alleged loss be filed before mediation.

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Uber class action judge to appoint contradictor team to advise on objections to $272M settlement
Class Actions 2024-07-24 11:30 pm By Christine Caulfield

The judge considering a $272 million settlement in class actions against Uber will appoint a pair of contradictors to advise her on the hundreds of objections lobbed against the agreement.

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ASIC accuses COFCO of manipulating wheat futures markets
ASIC 2024-07-25 2:46 pm By Cindy Cameronne

ASIC has brought civil penalty proceedings against Chinese government-owned agri-business COFCO, alleging it manipulated the market for Eastern Australian wheat futures market contracts in 2022. 

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Aussie YouTube content creator hit with defamation case over product review
Defamation 2024-07-24 11:49 pm By Sam Matthews

An Australian YouTuber has been sued by a lithium battery company which asked him for “unbiased reviews” of its products, saying his videos raising concerns about the batteries are defamatory.

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AMA loses in appeal over $4.8M smash repair acquisition
Appeals 2024-07-24 11:05 pm By Cindy Cameronne

Two Gosford-based smash repair businesses have won an appeal in a dispute with AMA Group over the earn out amount the ASX-list company owed under an October 2018 agreement to purchase the companies for $4.8 million.

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Jones Day lures Baker McKenzie special counsel for financial markets practice
People In The News 2024-07-24 2:52 pm By Sam Matthews

Jones Day has bolstered its financial markets practice with the addition of a former Baker McKenzie special counsel. 

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Former OnePath chair ‘not cooperating’ in ANZ class action, court told
Class Actions 2024-07-23 1:59 pm By Cindy Cameronne

The ex-chair of former ANZ unit OnePath “has not been cooperating” in a class action alleging it breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers, a court has heard. 

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Super Retail hit with Fair Work complaints by former senior executives
Employment 2024-07-23 11:35 pm By Christine Caulfield

Two former executives of Rebel Sports owner Super Retail Group have filed action in the Fair Work Commission alleging contraventions related to their dismissal from the company.

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