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Jones Day beefs up financial markets practice in Australia
Corporate 2024-04-23 1:35 pm By Andy Sidler

Jones Day is growing its domestic financial markets team with the recruitment of a partner from Baker McKenzie and the transfer of a 17-year veteran from the firm’s London office.

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eSafety commissioner wins urgent injunction against X over Wakeley stabbing posts
Social Media 2024-04-22 11:47 pm By Cindy Cameronne

The eSafety commissioner has won a two-day injunction against social media platform X, forcing it to hide several posts that allegedly include videos of a stabbing at a Sydney church last week. 

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Judge worries about perception that FWO treated CFMEU ‘more equal than others’
Employment 2024-04-22 11:55 pm By Cindy Cameronne

A judge has expressed concern that a “bizarre” last-minute settlement in a long-running case against the CFMEU could damage the public perception of the FWO as a model litigant, saying it could appear that the ombudsman treated some perpetrators as “more equal” than others. 

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In spat over $365,000 bill, court finds law firm failed to make ongoing disclosures to client
Legal Ethics 2024-04-22 3:41 pm By Sam Matthews

A judge has found that a law firm failed in its duty to provide ongoing costs disclosures, in a fight over a legal bill that was double the size of the last estimate provided, rejecting an argument that the client should have understood the charges would climb.

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FWC showed no bias in Mantle Group case despite ‘harsh’ remark, says Full Court
Employment 2024-04-22 3:10 pm By Cindy Cameronne

A subsidiary of hospitality giant Mantle Group has failed to set aside a Fair Work Commission decision finding it systematically underpaid employees and gave “knowingly false” evidence, with an appeals court refusing to find the decision gave rise to the appearance of bias.

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Omni Bridgeway escapes fallout for failure to seek approval of EY replacement at AGM
Accounting 2024-04-22 1:23 pm By Cindy Cameronne

A judge has retroactively validated the appointment of BDO as auditor for litigation funder Omni Bridgeway after EY resigned due to a class action conflict, saying the failure to seek shareholder approval for the appointment was not the result of a blatant disregard for its obligations. 

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Eneco Refresh founder sentenced for market manipulation
Securities 2024-04-22 11:59 pm By Andy Sidler

The founder of ASX-listed bottled water company Eneco Refresh has been slapped with an 18-month suspended sentence after pleading guilty to market manipulation.

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Westconnex class action paused as funder feuds with lead plaintiff
Class Actions 2024-04-19 12:51 pm By Cindy Cameronne

A class action against Transport for NSW over the alleged fraudulent acquisition of land to construct the $16 billion Westconnex tunnel in Sydney has been put on ice until the funder and the lead plaintiff can resolve a potential dispute. 

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Macquarie Bank hit with $10M penalty over financial adviser’s theft
Financial Services 2024-04-19 3:10 pm By Cindy Cameronne

 Macquarie Bank has agreed to pay a $10 million fine in proceedings brought ASIC after the bank admitted that it failed to monitor third-party withdrawals, resulting in a financial adviser’s theft of $2.9 million.

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Protest class action loses bid for confidential information from Victoria Police
Class Actions 2024-04-19 3:40 pm By Sam Matthews

A class action targeting Victoria Police over its use of capsicum spray against protesters has lost its bid to uncover confidential information about police crowd control tactics, after a judge found disclosure of the information could “endanger the public”.

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