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China-based food retailer Winha Commerce has settled legal action it launched against the Australian Stock Exchange over ASX’s threats to delist the company.
ASIC sues financial advisor over $1.4M loan scam
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The Australian Securities and Investments Commission has taken Queensland firm Refocus Financial Group to court for allegedly co-opting over $1.4 million in client loans for personal and business use.
Sydney magistrate settles defamation case against radio station
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Sydney magistrate Joan Baptie has agreed to settle a defamation case brought against the owner of radio station 2GB after an on-air apology by host Ben Fordham.
Goldman Sachs deal with ASIC to keep lawyers busy
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Goldman Sachs has agreed to involve more lawyers in its capital markets transactions communications, after the Australian Securities and Investments Commission raised concerns about representations made during a Healthscope block trade managed by the US investment bank.
ASIC opens Whitebox trial, keeps judge on toes
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The trial in ASIC’s complex share market manipulation action against Whitebox Trading began Monday, with an opening submission by the corporate regulator that at times had even the presiding judge scratching his head.
7-Eleven can make private settlement offers to class members, court says
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A judge has found 7-Eleven is free to make confidential settlement offers to individual members in two class actions brought by franchisees, shooting down a bid by the applicants’ lawyers to get the court involved in the convenience store giant’s communications with class members.
V Energy maker sees red, loses colour trademark battle with Coke
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The maker of V Energy drinks has lost a fight to trademark the shade of green used on its cans and labels, with a judge agreeing with rival Coca-Cola that the colour was descriptive, not distinctive.
Cash Converters must answer questions on tax treatment of brokerage fees
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A Federal Court judge has ordered Cash Converters to provide answers to how it treated its brokerage fees for tax purposes, as it faces new class action allegations that the brokerage fees it charged individuals who took out pay day loans were actually for services it received.
Commonwealth Bank hit with new class action over money-laundering breaches
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Commonwealth Bank of Australia is facing a second shareholder class action after agreeing to fork over $700 million to settle anti-money laundering claims by the government’s financial intelligence agency.
Saputo unit agrees to fix contract terms after ACCC raises concerns
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A unit of dairy giant Saputo has agreed to amend the terms of its contracts with dairy farmers, in the wake of calls by the ACCC for a mandatory code of conduct to level the playing field between dairy farmers and milk processors.