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ASIC takes Noumi, top executives to court over 2019 financial reports
ASIC 2023-02-27 8:44 am By Christine Caulfield

The corporate watchdog has brought action against former Freedom Foods Group and its former CEO and CFO for alleged disclosure breaches relating to inventory values in its 2019 financial reports.

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New allegations OK’d on eve of trial in Bayer Essure class action
Class Actions 2023-02-27 9:26 pm By Sam Matthews Melbourne

A class action against Bayer over its Essure device has won court approval to add new allegations, including that the contraceptive caused sexual dysfunction, with a judge finding the new claims could not have taken the German drug maker by surprise.

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Nine defeats strike-out bid in defamation suit over ‘internet trolls’ broadcast
Associate Justice Melissa Daly 2023-02-27 10:39 pm By Cindy Cameronne Sydney

Nine has defeated a bid to strike out its truth defences in a defamation case by a Melbourne hairdresser alleging a segment on ‘A Current Affair’ about ‘internet trolls’ and subsequent comments on the program’s Facebook page defamed her.

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Acciona accused of blocking access to $511M waste-to-energy plant
Acciona 2023-02-24 3:23 pm By Sam Matthews Melbourne

Spanish infrastructure giant Acciona has been sued by the entity in charge of a $511 million waste-to-energy plant south of Perth, which says it was unlawfully shut out of the project site after “commercial issues” arose between them.

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Chinese crypto miner wins return of equipment in five-way stoush
Cryptocurrency 2023-02-24 10:26 pm By Sam Matthews Melbourne

A Chinese crypto miner has won its equipment back, for now, after a Melbourne business it charged with looking after the machines allegedly allowed four other businesses to access them, culminating in a five-way stoush involving an ambulance and police.

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ASIC alleges RACQ misled customers about insurance discounts
ASIC 2023-02-24 2:39 pm By Sam Matthews Melbourne

The Australian Securities and Investments Commission has instituted court proceedings against the insurance arm of Queensland’s peak motoring body alleging it misled customers about their entitlement to discounts on a range of insurance products.

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$192.5M oil spill class action settlement gets nod, but firm’s cut to be decided
Agriculture 2023-02-23 2:10 pm By Sam Matthews Melbourne

A judge has approved a $192.5 million settlement in an oil spill class action on behalf of Indonesian seaweed farmers, but the slice for the law firm running the action and its litigation funder remains to be determined amid allegations of negligence by the former lead applicant in the case.

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ACCC loses appeal in ‘fanciful’ NSW Ports competition case
ACCC 2023-02-23 1:23 pm By Cindy Cameronne Sydney

The Australian Competition and Consumer Commission has lost its challenge to a decision that tossed its case alleging NSW Ports stymied competition when it signed a 50-year agreement with the state to privatise two ports. 

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ClearLoans hit with $6M penalty in ASIC’s first COVID-19 case
Andrew Harding 2023-02-23 4:05 pm By Cat Fredenburgh

Personal lender ClearLoans and its parent company have been hit with $6 million in penalties for violating consumer credit protections laws, including by failing to respond to financial hardship notices from debtors during the height of the COVID-19 pandemic.

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Sparke Helmore wins reversal of $285,000 negligence judgment
Appeals 2023-02-22 4:30 pm By Sam Matthews Melbourne

An appeals court has thrown out a $285,000 negligence judgment against Sparke Helmore over two sales contracts worth $1.5 million and rejected a NSW developer’s attempts to squeeze the law firm for a heftier damages bill.

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