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TerraCom files court action to keep PwC report from ASIC investigators
Energy & Natural Resources 2021-08-09 2:08 pm By Christine Caulfield

Mining company TerraCom has asked a court to rule on the privilege status of a report by PriceWaterhouseCoopers, produced in reponse to “serious allegations” by a former employee over the falsification of coal quality results.

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‘Very disappointed’: ACCC accuses Telstra, Optus and TPG of misleading NBN customers
Competition & Consumer Protection 2021-08-09 4:25 pm By Bianca Hrovat

The Australian Competition and Consumer Commission has brought legal action against three major Australian internet providers for allegedly misleading hundreds of thousands of NBN customers.

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Crown class action over Chinese arrests can’t block SkyCity share price evidence
Class Actions 2021-08-09 5:17 pm By Cindy Cameronne

SkyCity’s announcement to shareholders about an employee’s interrogation by Chinese gambling authorities made little difference to the NZ casino operator’s share price, Crown Resorts has told a court in expert evidence ahead of a looming class action trial.

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Financial fraudster dodges conviction following ASIC investigation
Financial Services 2021-08-09 2:54 pm By Bianca Hrovat

The former director of Sydney financial planning practice Hillross Bella Vista has been conditionally released without a conviction recorded after pleading guilty to falsifying documents uncovered during an investigation by the Australian Securities and Investments Commission.

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Judge wants to hear AUSTRAC class actions against CBA before he retires, literally
Class Actions 2021-08-06 11:17 pm By Cindy Cameronne

The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by a certain date if they can’t agree to “sensible” time limits to ready the case for hearing, noting he would reach retirement age in 2024.

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OAIC launches investigation into Optus data breach
Privacy & Cybersecurity 2021-08-06 11:04 pm By Cat Fredenburgh

The Office of the Australian Information Commissioner is investigating whether Optus breached privacy law after the telco wrongly published customers’ personal details in the White Pages in 2019.

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Bristol-Myers Squibb denies claims in Merck Sharp & Dohme’s misuse of market power case
Competition & Consumer Protection 2021-08-06 3:06 pm By Miklos Bolza

Pharmaceutical giant Bristol-Myers Squibb will fight a case brought by Merck Sharp & Dohme alleging misuse of market power over stage IV melanoma treatments, telling the Federal Court on Friday it denied its rival’s claims.

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Banks fork over $1.86B to repay customers for bad behaviour
Financial Services 2021-08-05 10:05 pm By Sam Matthews

Six of Australia’s biggest financial services firms have paid or offered to pay a total of $1.86 billion to customers who were wrongly charged fees for no service or were given bad advice.

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Two years is too long, says judge in Willis Towers Watson restraint of trade dispute
Employment 2021-08-03 10:47 pm By Christine Caulfield

Financial services giant Willis Towers Watson ordered a former executive to lie to clients on his way out of the organisation and imposed an “unreasonable” two-year employment restraint, a NSW Supreme Court has found.

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Crown chair, CEO to step down as royal commissioner considers new casino operator
Gaming 2021-08-03 10:10 pm By Christine Caulfield

Crown Resorts chair Helen Coonan and the CEO of Crown Melbourne will step down at the end of this month, the latest heads to roll as the casino operator attempts to persuade Royal Commissioner Ray Finkelstein QC that it should keep its Victorian licence.

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