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Athleticwear giant Lululemon has been hit with a $700,00 penalty for sending close to 400,000 emails that had both a commercial and promotional purpose but that did not include an unsubscribe link.
Describing it as the most significant corporate governance action taken in his time at ASIC, the regulator's chief says the Star case is a wake-up call for directors.
The Public Service Association has moved to sack a legal officer for allegedly submitting false time records when working from home, but the Fair Work Commission has found its investigation lacked procedural fairness.
A seventh person linked to MWL Financial has copped a ban for recommending Keystone's Shield Master Fund, which collapsed alongside the First Guardian Fund owing over $1 billion.
Dairy company Care A2 has failed to block food producer Care Natural’s trade mark, with an IP Australia delegate finding that the word ‘care’ was not enough to render the mark deceptively similar or identical to Care A2's marks.
The judgment in ASIC's case against Star's top executives and directors sounds a warning that board members need to proactively test information and serves as a "stark reminder" to general counsel that their duties are owed to the company, not management, experts tell Lawyerly.
The corporate regulator has filed proceedings seeking to wind up a company in the steel empire of billionaire Sanjeev Gupta for failure to lodge financial reports for four years.
A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s failed Shield Master Fund.
Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.