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Goodman Fielder wins $10M freezing order against employee suspected of fraud
Food giant Goodman Fielder has won freezing orders against a former employee who the company suspects of a $10 million fraud and issued a slew of subpoenas to betting firms the employee holds accounts with.
‘Red tape burden for no good reason’: Law Council pans money laundering rules for lawyers
The nation's peak legal body has reiterated its concerns about proposed rules that would subject lawyers and accountants to new money laundering obligations, warning the regulations would impose a costly "red tape burden for no good reason" on smaller firms.
KMPG, Phoslock face court bid for info ahead of potential shareholder class action
A shareholder has filed an application for preliminary discovery against KMPG and water treatment company Phoslock as she weighs a possible class action over the company's past fraud and mismanagement.
Bid to trade mark ‘accredited nutritionist’ hard to swallow, IP Australia tells Dietitians Association
The Dietitians Association of Australia can't register a logo featuring the words 'accredited nutritionist' as a trade mark, with a delegate agreeing with a competing nutritionist group that the association should not have a monopoly over the highly descriptive term.
Ashurst, LegalVision sued over Woolworths lease transfer advice
A unit of petrol store chain EG Australia has sued Ashurst and LegalVision alleging they breached their implied duty of care through advice given to Woolworths about the assignment of a disputed Sydney petrol station lease.
Santos wins bid for EDO communications as it pursues costs in Barossa pipeline case
Santos has largely succeeded in its bid for documents from the Environmental Defenders Office and expert witnesses in a failed case challenging the construction of the oil and gas company's $5.6 billion Barossa pipeline.
Delta Building appeals $1.5M fine in National Gallery bid rigging case
Industrial technology company Delta Building Automation has appealed a $1.5 million penalty for attempting to rig a bid for construction work on the National Gallery of Australia, a penalty five times the amount it claimed it should face.
Lendlease’s $1.3B sale of residential portfolio to Stockland raises red flags: ACCC
Lendlease's plan to sell a portfolio of residential community projects to Stockland for $1.3 billion has raised concerns for the ACCC, which worries the transaction may substantially lessen competition in the supply of residential masterplanned community housing lots in four regions.
PwC to pay $8.25M to settle class action over bond prospectus
PricewaterhouseCoopers has agreed to pay $8.25 million to settle a class action on behalf of Axsesstoday bondholders over an allegedly misleading bond prospectus, bringing the settlement total to $9.5 million after a group of insurers agreed to pay $1 million to settle the class action's claims.
ASIC a ‘toothless tiger’ that should be broken up, report recommends
A Senate committee has release a damning report blasting the Australian Securities and Investments Commission as a failed regulator that should be broken up.