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Treasury Wine Estates may face shareholder class action
Treasury Wine Estates may be hit with a shareholder class action following a recent surprise earnings downgrade that led to a drop in the company's share price.
Optus hit with record $504,000 fine for spamming
Optus has paid a record $504,000 fine for violating spam laws by sending SMS and email messages to customers that had previously unsubscribed from the telco's giant's marketing communications.
ACCC finds Barro stake in Adelaide Brighton won’t harm competition
The Australian Competition and Consumer Commission has found Barro Group's 43 per cent stake in Adelaide Brighton, acquired over a number of years, will not harm competition in the cement market.
Westpac to face US class action over AUSTRAC scandal
A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.
Mazda to ACCC: We don’t have to replace dented, scratched up cars
Japanese car maker Mazda has replied to an ACCC action alleging it violated the Australian Consumer Law by failing to provide consumers with refunds or no-cost replacements for their allegedly faulty vehicles, saying it was not required to replace dented and scratched cars.
ISignthis may face shareholder class action over profit downgrade
Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
Thiel partner in Gawker takedown seeks $2M in new lawsuit
An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.
ACCC probes price fixing in NSW waste sector
The Australian Competition and Consumer Commission has opened a sector-wide investigation into price changes made last year in the building and demolition waste services market in New South Wales.
Former director of internet company gets 6 years in jail for fraud
The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.
ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing 'defective' product disclosure statements.