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Mayfair 101 loses High Court bid to appeal $30M win for ASIC
ASIC 2023-04-21 11:15 pm By Christine Caulfield

The High Court has rejected investment group Mayfair 101’s bid to challenge a $30 million penalty following a judge’s finding that it misled investors about the risk profile of its financial products.

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Class action filed over COVID-19 outbreak at Newmarch House
Class Actions 2023-04-21 2:22 pm By Cat Fredenburgh

A class action has been filed on behalf of 25 people whose loved ones died during a COVID-19 outbreak at the Newmarch House in Sydney.

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Optus hit with class action over data breach
Class Actions 2023-04-21 1:00 pm By Cindy Cameronne

Optus has been hit with a class action on behalf of current and former customers whose personal information was exposed in a massive data breach last September that affected up to 10 million people. 

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Lachlan Murdoch drops defamation case against Crikey publisher
Clarissa Amato 2023-04-21 12:20 pm By Cat Fredenburgh

Fox News CEO Lachlan Murdoch has dropped his defamation lawsuit against Crikey publisher Private Media over an article that allegedly linked him to the January 6 attack on the US Capitol.

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Banks face ACCC scrutiny over interest rate-setting
ACCC 2023-04-21 11:23 pm By Christine Caulfield

The competition and consumer regulator is examining how banks set interest rates on savings accounts and why they are not in line with the Reserve Bank’s cash rate increases, as part of an inquiry launched in February.

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Qantas asks for meeting with ACCC after Alliance acquisition hits wall
Aviation 2023-04-20 11:14 am By Christine Caulfield

The competition regulator has opposed Qantas’ acquisition of Brisbane-based regional airline Alliance Aviation Services, saying the deal was likely to substantially reduce competition in air transport for mining companies in Western Australia and Queensland.

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The Reject Shop hit with underpayments class action
Adero Law 2023-04-20 10:12 pm By Cat Fredenburgh

Discount retail chain The Reject Shop has become the latest Australian company to be stung with an underpayments class action.

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Sika’s deal with MBCC Group wins clearance from ACCC with sell-off
ACCC 2023-04-20 12:52 pm By Christine Caulfield

The ACCC has given its blessing to Sika’s planned acquisition of Germany-based MBCC Group, subject to the divestiture of MBCC’s Australian and New Zealand business.

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Hino hit with second class action over emissions cheating
Automotive 2023-04-19 10:09 pm By Sam Matthews

Toyota unit Hino has been hit with a second class action alleging it misrepresented the fuel efficiency and emissions performance of certain diesel vehicles for nearly twenty years.

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Both sides need ‘reality check’ in NAB ‘boys club culture’ case, judge says
Christopher Parkin 2023-04-19 11:36 pm By Cindy Cameronne

The National Australia Bank and its former head of repo trading both “might need a bit of a reality check” in a discovery stoush, a judge has said in a case alleging the senior employee was bullied and paid less than other workers because of her gender.

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