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‘These results are not accidental’: GetSwift saw ASX as ‘cheap way’ to boost share price, ASIC says
Securities 2020-06-15 6:49 pm By Miklos Bolza

Émails show the directors of logistics company GetSwift took a “deliberate approach” to inflating the company’s share price through a constant supply of positive ASX announcements about new multimillion-dollar contracts, ASIC said on the first day of a highly anticipated five-week trial.

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Full Court flushes ACCC appeal of wipes ruling
Competition & Consumer Protection 2020-06-15 3:55 pm By Cat Fredenburgh

The Full Federal Court has thrown out the ACCC’s challenge to a ruling dismissing its case alleging Kimberly-Clark made misleading representations about its flushable wipes.

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ASIC takes action against Societe Generale for lax handling of client money
Article 2020-06-15 12:48 pm By Cat Fredenburgh

ASIC has slapped an Australian unit of French investment bank Société Générale with additional licence conditions for failing to comply with its obligations for handling client money over a near four-year period.

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Judge won’t recuse himself from patent case against Globaltech, Boart Longyear
Intellectual Property 2020-06-12 10:52 pm By Christine Caulfield

A judge has rejected calls by mining tool company Globaltech and driller Boart Longyear to disqualify himself from hearing a patent infringement case against them, despite ruling in an earlier proceeding that the patent was valid and that Globaltech had infringed it.

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Westpac could face more AUSTRAC claims as child exploitation scandal deepens
Financial Services 2020-06-12 10:04 pm By Cat Fredenburgh

Westpac is facing the possibility of more claims in proceedings brought by AUSTRAC over anti-money laundering breaches, with the regulator seeking information on 272 customers who may have been involved in the exploitation of children.

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Ex-Rockmans GM sues Noni B for ‘retrospective termination’
Employment 2020-06-12 9:28 pm By Christine Caulfield

The former general manager of women’s fashion retailer Rockmans is suing parent company Noni B, claiming he was not given any notice before being sacked in April this year.

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Litigation funder wins access to docs in parking patent dispute against City of Melbourne
Intellectual Property 2020-06-12 9:19 pm By Miklos Bolza

The funder backing a patent lawsuit by tech firm Vehicle Management Systems over an invention used by the City of Melbourne to time parked vehicles has been granted extended access to discovered documents in the proceedings.

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Former Beem It boss drops lawsuit against payments fintech, CBA
Employment 2020-06-12 12:49 pm By Christine Caulfield

The former CEO of Beem It has discontinued her legal claims against the payments fintech co-owner, Commonwealth Bank of Australia, only days after naming the bank in her lawsuit alleging workplace breaches.

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Judge appoints receiver, not liquidator to hotel to avoid COVID-19 misunderstanding
Restructuring & Insolvency 2020-06-12 12:32 pm By Christine Caulfield

To avoid a creditor panic in the midst of the COVID-19 health crisis, the NSW Supreme Court has appointed a receiver instead of a liquidator to a rural hotel that is the centre of a deadlocked shareholder dispute over more than $2.7 million.

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Forcing Google, Facebook to pay for news could run afoul of High Court ruling, IP experts say
Media 2020-06-11 4:59 pm By Cat Fredenburgh

A group of IP lawyers has warned the Government will have to proceed carefully in establishing a mandatory code under which Google and Facebook would be forced to pay news publishers for content, saying such a move could be struck down under existing High Court precedent.

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