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Leading class action lawyer leaves Jones Day for Thomson Geer
One of the country's leading class action lawyers has left Jones Day for Thomson Geer, the third litigation partner to depart the US-based firm in recent months.
eSafety Commissioner raises concerns with X over Grok AI use
The online regulator wants more information from X Corp about the safeguards built into its AI feature Grok, after a reported increase in its use to create sexualised or exploitative imagery. 
University of NSW hit with $211K penalty for underpaying casual staff
The University of NSW has been hit with a $211,200 penalty after admitting to "systemic" underpayments of casual staff at its business school.
New merger review regime takes effect, with last-minute changes
Reforms to Australia's merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.
WiseTech to sell off Expedient Software amid ACCC concerns
WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.
Australian Unity hit with $7M penalty for failing to properly vet investors
A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors. 
ASIC sues BDO, director over audit reports for Dubber
The corporate cop has sued BDO Audit and director Dean Just in the Federal Court over alleged false and misleading reports it made for ASX-listed software company Dubber. 
Binance agrees to $10M penalty in ASIC case, but judge wants more info
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
APRA hits super trustee Diversa with additional licence conditions
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.
Leaders of Telegram ‘pump and dump’ scheme sentenced
Four people who operated an illegal 'pump and dump' scheme through the Telegram app have been convicted and sentenced to terms of imprisonment via intensive correction orders.