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ASIC issues notices to Nuix as part of investigation
Andrew O'Brien 2021-09-02 11:16 pm By Christine Caulfield

The Australian Securities and Investments Commission issued notices Thursday to Nuix seeking documents in its investigation of the troubled tech company.

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Court throws out $106M judgment against Adani over Abbot Point fees
Andrew Stumer 2021-09-01 4:38 pm By Miklos Bolza

A subsidiary of Indian conglomerate Adani Group has successfully overturned a $106 million judgment against it over access charges for its Abbot Point coal terminal.

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Ex-Deutsche Bank exec looks to knock out cartel charges
ACCC 2021-09-01 11:07 pm By Cat Fredenburgh

A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.

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AMP denies it broke the law by charging dead people for life insurance
AMP 2021-09-01 2:44 pm By Miklos Bolza

AMP has hit back at fees for no service court proceedings brought by ASIC, arguing it was legally entitled to charge customers premiums and advice fees for life insurance after they died.

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Judge in ASIC’s first COVID-19 case says legal team swap no excuse for defaulting on orders
Andrew Harding 2021-09-01 1:55 pm By Cindy Cameronne

The judge overseeing ASIC’s first COVID-19-related case has criticised personal lender ClearLoans’ delay in responding to the case, saying a change in the company’s legal representation was not an excuse for defaulting on court orders.

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ASIC to hand over examination transcript in Westpac insider trading case
Allens 2021-09-01 5:19 pm By Miklos Bolza

ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.

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Takata airbags class action appeals court loss to Volkswagen
Appeals 2021-08-31 3:50 pm By Miklos Bolza

The applicant in a class action against Volkswagen over defective Takata airbags has appealed a ruling dismissing the case for failing to establish any loss or damage.

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Bluescope slams as ‘delusional’ ACCC evidence of cartel conduct
ACCC 2021-08-31 6:04 pm By Cindy Cameronne

BlueScope has labelled “delusional” an argument by the competition regulator that alleged correspondence from a distributor about the steel company’s suggested higher prices was evidence of price-fixing.

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Judge wary of deciding ‘hypothetical’ loss question in Aveo class action
Adam Bell 2021-08-31 7:23 pm By Miklos Bolza

Retirement home provider Aveo Group, which is facing a class action by residents, wants a court to determine group members’ loss in a preliminary hearing, but a judge has questioned whether he is barred from deciding the “hypothetical” question.

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Asian accents ‘light-hearted humour’, not racism, Erin Molan tells defamation trial
Bruce McClintock 2021-08-31 9:48 pm By Bianca Hrovat

Chanel 9 sports reporter Erin Molan told a judge the ever-changing goal posts of political correctness made it hard to know whether racially-charged jokes were acceptable radio fodder, but denied ever making racist jokes on air.

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