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Ex-boss of AI marketing company Metigy charged with misleading investors
White Collar 2024-11-08 11:43 pm By Cat Fredenburgh

The former CEO of failed AI marketing start-up Metigy has been charged with providing false statements to investors and misusing his position as a director following an investigation by the corporate regulator.

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Government to ban social media for kids under 16
Social Media 2024-11-07 11:38 pm By Cat Fredenburgh

The Albanese government has taken aim at social media companies, proposing a world-first ban on access to their platforms for children under 16.

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Carnival settles class action over ‘cruise from hell’
Class Actions 2024-11-04 11:24 pm By Cat Fredenburgh

Carnival has settled a class action on behalf of passengers on a seven-day South Pacific voyage that became the “cruise from hell” when their vessel sailed into a Category 5 cyclone.

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ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
Competition & Consumer Protection 2024-10-30 11:06 pm By Cat Fredenburgh

ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.

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S&P entitled to Rolls-Royce defence in CDO class action: court
Financial Services 2024-10-28 11:26 pm By Cat Fredenburgh

S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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Care A2 settles spat with infant formula distributor
Emma Bathurst 2024-10-28 11:40 pm By Cat Fredenburgh

Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.

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Richard White steps down as WiseTech CEO
Employment 2024-10-24 11:54 pm By Cat Fredenburgh

Richard White, the billionaire founder of logistics company WiseTech Global, has stepped down from his position as CEO amid media reports of bullying and inappropriate conduct.

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Insurers in High Court fight over Opal Tower class action costs
Insurance 2024-10-22 4:47 pm By Cat Fredenburgh

The High Court has been asked to take up an appeal by insurers over coverage for the class action defence costs of Opal Tower’s consultant engineer.

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Optus denies cyberattack was not ‘highly sophisticated’
Privacy & Cybersecurity 2024-10-22 11:11 pm By Cat Fredenburgh

Optus has struck back at ACMA’s claim that a cyberattack that exposed the information of around 10 million customers was not a “highly sophisticated” operation.

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Sydney light rail class action pulls up to the High Court
Appeals 2024-10-21 11:48 pm By Cat Fredenburgh

The High Court has been asked to revive a class action over Sydney’s light rail construction and weigh in on whether litigation funders can claim their commissions as damages.

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