Coles, Woolworths facing $780M underpayments bill after court ruling

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Coles and Woolworths estimate they will need to remediate underpaid workers up to $780 million, following a complex judgment in two class actions and regulatory proceedings handed down last week.

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Wollemi Capital resolves trade mark spat with Tesla chair’s family office

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CBA-backed venture capital firm Wollemi has reached an agreement to resolve a trade mark dispute with the family office of Tesla chairwoman Robyn Denholm.

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Receivers appointed to Australian Fiduciaries entities amid probe over missing $167M

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A court has appointed receivers to two entities of collapsed asset manager Australian Fiduciaries amid concerns by the corporate regulator that $167 million in funds have been misused, including to buy $600,000 in luxury cars.

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Dishonesty charge against lawyer an ‘unfortunate, unnecessary overreach’: tribunal

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A tribunal has taken aim at ACT’s legal watchdog for its “overreach” in pursuing a dishonesty charge against a lawyer, who claimed he was duped by a client.

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Court slashes law firm’s contingency fee in Hino class action

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A judge has hacked Maurice Blackburn’s promised cut of an $87 million settlement in a class action against Hino Motors, saying the 24.66 per cent group costs order previously approved by the court would result in a “disproportionate return” to the firm.

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Meta loses second strike-out bid in ACCC crypto ads case

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Meta has lost its latest bid to strike out the consumer regulator’s case alleging it failed to put up “reasonable safeguards” to prevent scam cryptocurrency ads on its Facebook platform.

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‘This should not be done again’: Judge slams complex Coles, Woolworths trial

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A judge has criticised the “unacceptably complex” trial of two regulatory cases and two underpayments class actions against Coles and Woolworths, delivering a ruling whose significance for the workers is not yet clear.

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