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Coles owes underpaid staff at least $20M
Employment 2020-02-18 4:58 pm By Alison Eveleigh

Coles underpaid salaried staff members in its supermarket and liquor businesses at least $20 million over the past six years, the company revealed in announcing its half-yearly results.

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Liquidator of collapsed start-up Appster wants to grill founders, KPMG partner
Restructuring & Insolvency 2020-02-18 2:54 pm By Christine Caulfield

The liquidator of collapsed app-development firm Appster has filed examination proceedings against the company’s founders and auditor ahead of possible legal action for allegedy trading while insolvent.

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Judge should be commended for ‘judicial economy’, Pacific National tells court in ACCC appeal
Competition & Consumer Protection 2020-02-18 2:37 pm By Christine Caulfield

Pacific National has defended a decision by a judge to accept an undertaking and rule against the ACCC in its competition case over the rail operator’s acquisition of a major freight terminal in Queensland, saying the ruling was structured with “commendable judicial economy”.

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Liquidators want $6M from directors of failed Gold Coast asset manager
Restructuring & Insolvency 2020-02-17 9:49 pm By Cat Fredenburgh

Two former directors of defunct Gold Coast asset manager Avestra are facing a lawsuit from the company’s liquidators seeking to recover $6 million in alleged losses by three of the company’s managed investment schemes.

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Google may face class action over anonymous reviews
Class Actions 2020-02-17 5:26 pm By Miklos Bolza

Search giant Google may face a class action by disgruntled business owners seeking compensation for loss and damage they claim has been caused by anonymous negative online reviews.

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Judge overstepped in accepting Pacific National undertaking, ACCC tells appeals court
Competition & Consumer Protection 2020-02-17 4:30 pm By Christine Caulfield

The judge who dismissed the ACCC’s challenge to Pacific National’s acquisition of Aurizon’s Acacia Ridge Terminal in Queensland had no power to accept an undertaking by the rail operator as an answer to the competition regulator’s case, an appeals court has been told.

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Russells drops cross claim against axed solicitor
Employment 2020-02-17 12:44 pm By Cat Fredenburgh

Russells Lawyers has withdrawn a cross claim against a restructuring and insolvency solicitor who filed a lawsuit alleging the firm tried to manufacture a reason for terminating his employment.

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Judge allows docs despite ‘real risk’ of prosecution for ex-Directed Electronics manager
Intellectual Property 2020-02-17 11:44 am By Miklos Bolza

A former manager of Australian electronics automotive developer Directed Electronics OE has failed to block access to certain documents in a corporate theft case, despite the Federal Court finding they gave rise to a “real and appreciable risk” of civil or criminal prosecution against him.

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High Court declines to weigh in on insurance coverage for $6M class action settlement
Insurance 2020-02-14 10:51 pm By Cat Fredenburgh

The High Court has declined two insurers’ request for review of a decision that left them on the hook for covering part of a $6 million class action settlement by Bank of Queensland.

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ACCC cartel investigator admits ‘oversight’ in comfort letter to JPMorgan
Competition & Consumer Protection 2020-02-14 10:51 pm By Miklos Bolza

An ACCC officer who was heading up a team investigating alleged cartel conduct by ANZ Banking Group and three investment banks has admitted that the regulator may have made an ‘oversight’ in a letter of comfort offered to JPMorgan ahead of the bank’s immunity application in the case.

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