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Class actions pile up over Medibank data breach
Private health insurer Medibank has been served with a second class action over a data breach exposing the personal details of 10 million customers.
Bloomex to admit to duping consumers with online ratings
Online florist Bloomex will admit to the Australian Australian Competition and Consumer Commission's allegations that it violated consumer laws by posting misleading customer ratings on its website.
NAB fails to resolve discovery spat in ‘boys club culture’ case
National Australia Bank has moved to set aside discovery requests in a suit by its former head of repo trading alleging she was bullied and paid less than other workers because of her gender.
Racing Victoria planned agreement to ‘seriously breach’ competition laws, court hears
Racing NSW has accused its Victorian counterpart of planning an anti-competitive agreement with five other states to exclude it from the thoroughbred racing industry, as it seeks documents to bring potential claims.
Ex-BCEG directors claw back costs after shaving $12.5M off judgment
Two ex-directors of Chinese construction and engineering firm BCEG who were found to have defrauded the company have succeeded in clawing back a portion of their costs of a partially successful appeal which reduced the amount owing to their former employee by around $12.5 million.
Finfluencer sentenced to two and a half years for market manipulation
A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the “fun and games and cat and mouse of the stock market” has been sentenced to two and half years imprisonment for market manipulation.
Greens deputy leader launches discrimination case over Pauline Hanson Tweet
One Nation senator Pauline Hanson has been taken to court by Greens deputy leader Dr Mehreen Faruqi over a social media post Faruqi claims was insulting and humiliating.
Ord Minnett fined $888,000 for pre-arranged trades
Wealth management firm Ord Minnett has paid an $888,000 penalty for twice breaching market integrity rules in executing a share buy-back with "pre-arranged" trades.
Atradius can’t bring late $1.5B claim over Arrium administration
Insurer Atradius has lost its bid to bring a $1.5 billion (US$1 billion) case against four KordaMentha liquidators and 60 financiers of the Arrium group alleging they failed to act under a duty of utmost good faith when agreeing on how to divvy up sale proceeds for several entities.
Virgin quashes Rex’s ‘Economy X’ trade mark
Virgin Australia has won its opposition to rival Regional Express’ bid to trade mark ‘Economy X’, with an IP Australia delegate finding Virgin had an earlier claim to ownership of an identical mark.