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Law firm investigating class action against Nuix over IPO
ASIC 2021-05-19 10:49 pm By Cat Fredenburgh

Phi Finney McDonald is investigating a class action against technology company Nuix over its $2.5 billion float, following troubling reports about the Macquarie-backed company’s pre-IPO corporate governance and financial reporting.

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Loss of Christian Porter’s silk in defamation case would be ‘a very big deal’, court hears
ABC 2021-05-19 9:13 pm By Cindy Cameronne

Christian Porter has won access to communications by the woman behind a challenge to his legal representation in a defamation case against the ABC, after telling a court it would be a “very big deal” if he lost his counsel.

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‘Am I not safe?’: Westpac faces court action by longtime exec and whistleblower
Contracts 2021-05-19 4:45 pm By Miklos Bolza

A former Westpac banking veteran and whistleblower has sued the Big Four bank, claiming she was dismissed in retaliation for complaints filed about the bank’s risk and compliance failings.

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ASIC should spell out ‘serious’ insider trading allegations, Westpac tells court
Allens 2021-05-19 4:07 pm By Cindy Cameronne

Westpac has argued that ASIC should flesh out its case accusing the banking giant of insider trading before the $16 billion privatisation of electricity provider Ausgrid, saying the regulator has not explained the nature of the alleged inside information.

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Class action launched against council over sinking Sydney homes
Class Actions 2021-05-19 3:34 pm By Miklos Bolza

Homeowners in a Western Sydney suburb have filed a NSW Supreme Court class action against the local council, a developer and geotechnical engineers seeking compensation over homes they claim are sinking into the ground.

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Crown’s top lawyer threatened regulator over push for money laundering controls, inquiry hears
Adrian Finanzio 2021-05-18 8:44 pm By Cindy Cameronne

Crown’s former legal boss threatened to call the federal gaming minister after Victoria’s gaming watchdog pushed the company to implement stronger anti-money laundering controls on junket players, the royal commission into Crown Melbourne has heard.

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Damages claimed in Takata airbags class action against VW ‘quite absurd’, court told
Automotive 2021-05-18 8:25 pm By Miklos Bolza

A class action trial against Volkswagen over recalled Takata airbags has kicked off, with a lawyer for the car giant denying the airbags carried a safety risk and attacking as “quite absurd” the sought-after damages of 30 percent of the initial price tag of affected cars.

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FWC rules Deliveroo driver was employee, not independent contractor
Deliveroo 2021-05-18 2:30 pm By Cat Fredenburgh

In a victory for gig economy workers, the Fair Work Commission has found that a Deliveroo driver who was sacked for not working fast enough was an employee, saying the company’s power to exert control over its workers with data collected through its app weighed in favour of a finding of that employer-employee relationship existed.

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Crown ‘lied’ to regulator, faces potential contempt charge, inquiry hears
Adrian Finanzio 2021-05-17 10:36 pm By Christine Caulfield

A “belligerent” Crown Melbourne lied to investigators probing the arrests of 19 of its China-based staff, and the casino operator could face charges of contempt for failing to respond to demands for documents by the gaming watchdog, an inquiry has been told.

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EY resigns as Omni Bridgway auditor over class action conflict
Class Actions 2021-05-17 7:15 pm By Cat Fredenburgh

Ernst & Young has resigned from its role as Omni Bridgeway’s long-time auditor after determining a class action against it that’s being backed by the litigation funder could threaten its independence.

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