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Respiri settles lawsuit over ex-CEO’s termination
Medical technology company Respiri has settled a lawsuit brought by its former CEO alleging he was terminated for seeking to expand into the Indian market against the wishes of the ASX-listed company's board.
Binary options trader hit with $1.8M penalty for ‘systemic’ exploitation
A Marshall Islands-based binary options trader has been hit with a $1.8 million penalty after a judge found it engaged in the "deliberate deception of vulnerable people".
Law firms livid as powerful US group throws money into class action debate
A powerful US business lobbying group should not be allowed to influence Australian politicians as they consider reforms to the country's class action regime, two leading plaintiffs firms have said. But a lawyer for the group said singling it out was hypocritical given how many overseas litigation funders have hired firms to represent their interests in the current class action debate.
Barrister’s arguments on constitutional issue in CFMEU case ‘the wrong way around’, judge says
A judge has rejected a bid by the CFMEU to pause a trial brought by two sacked union officials while the court gives the country's attorneys-general a chance to intervene over constitutional arguments raised, saying the union's barrister was wrong that the issues in the case could not be split up.
ACCC seeks contempt finding against ex-Empower Institute lawyer
The Australian Competition and Consumer Commission is seeking a contempt finding against a former solicitor for defunct vocational trainer Empower Institute over alleged billing practices.
Full Court flushes ACCC appeal of wipes ruling
The Full Federal Court has thrown out the ACCC's challenge to a ruling dismissing its case alleging Kimberly-Clark made misleading representations about its flushable wipes.
ASIC takes action against Societe Generale for lax handling of client money
ASIC has slapped an Australian unit of French investment bank Société Générale with additional licence conditions for failing to comply with its obligations for handling client money over a near four-year period.
Westpac could face more AUSTRAC claims as child exploitation scandal deepens
Westpac is facing the possibility of more claims in proceedings brought by AUSTRAC over anti-money laundering breaches, with the regulator seeking information on 272 customers who may have been involved in the exploitation of children.
Forcing Google, Facebook to pay for news could run afoul of High Court ruling, IP experts say
A group of IP lawyers has warned the Government will have to proceed carefully in establishing a mandatory code under which Google and Facebook would be forced to pay news publishers for content, saying such a move could be struck down under existing High Court precedent.
Ex-CFO hit with market manipulation charges
The former chief financial officer of delisted traditional therapy clinic company Traditional Therapy Clinics has been charged with multiple counts of market manipulation and fraud for engaging in share transactions designed to create an artificial price for the company's share price.