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Woolworths class action settlement to cover $1.75M legal bill, but no payout for group members
Woolworths has agreed to pay $1.75 million in Adero Law's legal costs as part of a settlement of an underpayments class action which will see group members recoup any amounts they are owed in a separate proceeding brought by the Fair Work Ombudsman rather than the class action.
High Court shoots down Volkswagen’s challenge to landmark $125M dieselgate penalty
The High Court has rejected Volkswagen's special leave application to challenge a record $125 million penalty for selling cars with a defeat device that allowed them to cheat on emissions tests.
ASIC hits Griffin Coal with criminal charges over financial reports
The Australian Securities and Investments Commission has hit beleaguered mining firm Griffin Coal with criminal charges over its alleged failure to lodge annual financial reports for 2019 and 2020.
GetSwift mulls appeal of scathing judgment on ‘PR-driven’ approach to ASX statements
Logistics company GetSwift says it is considering an appeal of an 859-page judgment which lambasted the company and its directors' "public relations-driven approach" to announcements on the Australian Stock Exchange.
Hold music company made it hard for customers to hang up, ACCC says
One of the world’s leading audio branding companies has agreed to amend its contract terms, which penalised customers for cancelling within a 42-day period of their contract ending, following an investigation by the Australian Competition and Consumer Commission.
GetSwift breached law through ‘public relations-driven approach’ to ASX statements, court finds
The Australian Securities and Investments Commission has scored a victory in its long-running case against GetSwift, with the Federal Court finding the company and its directors breached the Corporations Act and ASIC Act through their "public relations-driven approach" to announcements on the Australian Stock Exchange.
Judge ‘gags’ at ACCC’s proposed $5M penalty in Google ads case against Employsure
A judge said he “gagged” at the Australian Competition and Consumer Commission’s proposed $5 million pecuniary penalty in its case against specialist workplace relations company Employsure over six misleading Google ads.
CBA can’t throw out ‘cuckoo-smurfing’ lawsuit
The Commonwealth Bank of Australia has failed in its bid to dismiss a case brought by customers who claim they were the victims of "cuckoo-smurfing" and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.
Ex-Quantum Resources CEO sentenced for insider trading
Former Quantum Resources CEO and director Avrohom Kimelman has been sentenced after being convicted on charges of insider trading and conspiring to manipulate the market in shares of the company, now known as Nova Minerals.
ACCC’s witness statement method ‘quite unfair’, says judge hearing cartel case
The ACCC's practice of successively refining witness statements without saving draft versions was "quite unfair", says a judge overseeing the competition regulator's criminal cartel case over a botched ANZ share placement.