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Ex-Healthe Care exec fined $10,000 for insider trading
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.
7-Eleven class action contradictor says settlement CFO bid should go to Full Court
A contradictor asked to weigh in on a $98 million settlement in class actions against 7-Eleven has said the Full Federal Court should decide an application by the funder for a common fund order, citing the importance of the issue.
‘Gentle’ trading in ANZ shares an individual decision by banks, ex-JPMorgan boss says
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.
Class action investigation targets NSW Police over strip searches at music festival
NSW Police may be hit with a class action for allegedly subjecting attendees of the Splendour in the Grass music festival to "invasive and traumatic" strip searches.
Drug ingredient maker Alkaloids of Australia pleads guilty to cartel charges
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.
Man sues Seven for wrongly naming him Cleo Smith abduction suspect
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.
Liberal powerbroker levels ‘very serious allegations’ at Nine’s legal team
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.
Detergent buyers don’t confuse Finish, Somat brands, trade mark trial hears
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.
Westpac back pays employees $6M in unpaid long-service leave
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.
In rare shareholder class action trial, Slater & Gordon investor takes stand
The lead applicant in a shareholder class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition has said he might have “dumped” his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Young’s allegedly faulty advice.