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The proposed Armaguard merger with rival Prosegur will clearly reduce competition in the cash transport industry but the world without the tie-up might be just as bleak, the ACCC has said.
Inquiry launched into Bruce Lehrmann rape trial after prosecutor’s claims against police
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The ACT Government is looking for a legal expert to head up a new inquiry into the trial of Bruce Lehrmann over the alleged rape of former liberal staffer Brittany Higgins, which will investigate the conduct of police investigators and prosecutors.
ACMA slams ABC over Four Corners report ‘Fox and the Big Lie’
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The communications regulator has found an ABC Four Corners report on the role Fox News played in perpetuating the lie that the 2020 US presidential election was stolen breached the accuracy and fair and honest dealing requirements in its Code of Practice.
Firm to drop class action against Philips over recalled sleep apnea devices
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Philips Electronics will not face a class action in Australia over recalled sleep apnea machines that contained a foam component that could degrade and cause consumers to inhale dangerous chemicals, after the law firm running the litigation decided to drop the case.
Insurer Bond & Credit Company fires cross-claims at Greensill
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Insurer Bond & Credit Company is seeking to join Greensill Group to three lawsuits over the financing firm’s $1.7 billion collapse in March 2020, while Greensill has foreshadowed its own cross-claims against Insurance Australia Group.
‘Disastrous’ GetSwift class action settlement revised down to $1M
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A $1.5 million class action settlement against failed logistics provider GetSwift, which a judge termed a “disaster”, has been revised down to $1 million and may face a liquidators’ challenge that could see a group members recover nothing.
AVZ Minerals may face class action over lithium project disclosures
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Lithium prospecting company AVZ Minerals is facing a potential class action for allegedly misleading shareholders about its ownership rights to its flagship lithium project in the Democratic Republic of Congo.
‘ASX Wolf’ trader’s Instagram account was unlicensed financial services biz, court rules
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Gold Coast ‘finfluencer’ Tyson Scholz provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ‘Black Wolf Pit’ chat room, a judge has found.
Pokemon No! Gaming company sues over unauthorised NFTs
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The Pokemon Company has taken an Australian business to court for allegedly threatening to release Pokemon non-fungible tokens for use in an augmented reality game without the copyright owner’s permission.
Despite pleading guilty, CBA dodges criminal case over consumer credit insurance
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A precedential ruling on the statute of limitations in a separate case has forced the dismissal of criminal charges against the Commonwealth Bank — after the bank pleaded guilty.