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Penfolds maker foils another ‘knockoff’ plot by blocking trade mark
Food and Beverage 2020-01-31 3:01 pm By Cat Fredenburgh Melbourne

Treasury Wine Estates has notched another legal victory in its ongoing battle to block Chinese knockoffs of its iconic Penfolds wine brand.

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Treasury Wine Estates may face shareholder class action
Class Actions 2020-01-31 2:22 pm By Cat Fredenburgh Melbourne

Treasury Wine Estates may be hit with a shareholder class action following a recent surprise earnings downgrade that led to a drop in the company’s share price.

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Optus hit with record $504,000 fine for spamming
ACMA 2020-01-31 1:05 pm By Cat Fredenburgh

Optus has paid a record $504,000 fine for violating spam laws by sending SMS and email messages to customers that had previously unsubscribed from the telco’s giant’s marketing communications.

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ACCC finds Barro stake in Adelaide Brighton won’t harm competition
ACCC 2020-01-30 4:05 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission has found Barro Group’s 43 per cent stake in Adelaide Brighton, acquired over a number of years, will not harm competition in the cement market.

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Westpac to face US class action over AUSTRAC scandal
APRA 2020-01-30 3:10 pm By Cat Fredenburgh Melbourne

A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.

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Mazda to ACCC: We don’t have to replace dented, scratched up cars
ACCC 2020-01-29 4:41 pm By Cat Fredenburgh Melbourne

Japanese car maker Mazda has replied to an ACCC action alleging it violated the Australian Consumer Law by failing to provide consumers with refunds or no-cost replacements for their allegedly faulty vehicles, saying it was not required to replace dented and scratched cars.

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ISignthis may face shareholder class action over profit downgrade
ASIC 2020-01-29 1:10 pm By Cat Fredenburgh

Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.

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Thiel partner in Gawker takedown seeks $2M in new lawsuit
Corrs Chambers Westgarth 2020-01-28 10:21 pm By Cat Fredenburgh Melbourne

An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.

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ACCC probes price fixing in NSW waste sector
ACCC 2020-01-28 3:34 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission has opened a sector-wide investigation into price changes made last year in the building and demolition waste services market in New South Wales.

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Former director of internet company gets 6 years in jail for fraud
ASIC 2020-01-24 9:50 pm By Cat Fredenburgh Melbourne

The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.

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