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Wood-fibre processor and exporter Midway Limited has been hit with a $33,000 penalty after the Australian Securities and Investments Commission alleged it failed to disclose a revenue downturn to shareholders.
Major firms dragged to court by clients, partners in 2022
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Some of Australia’s biggest law firms were targeted by lawsuits in 2022, facing allegations of negligence or bad advice from clients, or else accused by their own partners of misconduct.
Departing ASIC commissioner to head Vanguard’s in-house legal team
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ASIC commissioner Sean Hughes will step down next month after taking a role with investment manager Vanguard – which paid a $40,000 fine to the corporate watchdog just last month.
Media protests new Federal Court rules limiting public’s access to documents
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Editors and journalists from Australia’s largest news organisations have protested recent changes to the Federal Court Rules that restrict the public’s access to documents filed with the court, calling it a “full-frontal assault” on open justice.
Judicial commission would be ‘protective, not disciplinary’, government says
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The Albanese government is inviting submissions on a federal judicial commission tasked with dealing with alleged misconduct by judges, saying the commission will strive for transparency and will not adopt a disciplinary model.
Boeing instructor who refused COVID jab was unfairly terminated: FWC
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A Boeing Defence instructor who was sacked for refusing to get a COVID-19 vaccination has won an unfair dismissal case, with the Fair Work Commission finding it was “harsh and unreasonable” for Boeing to fire him while he was in the running for another role at the company.
Law firms team up in class action-style complaint over Medibank data breach
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Three class action law firms have joined forces to run a landmark data breach complaint against Medibank, seeking compensation for up to 9.7 million affected customers.
From $2.8M win to just $6,000, Microsoft’s case against computer retailer crashes to earth
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Microsoft has won a pittance for copyright infringement but copped a “substantial costs order” in its six-year-old intellectual property suit against a Melbourne computer retailer over its Windows 7 software, which previously netted the Silicon Valley giant a $2.8 million payout from Judge Sandy Street that was slammed as a “regrettable” judicial failure.
Downer wins pre-litigation docs in $25M spat with Alinta over Pilbara gas project
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Mining company Downer EDI has won its bid to review documents between Alinta Energy and a superintendent who allegedly acted improperly in a spat over a $208 million solar gas hybrid project in the Pilbara region.
Gina Rinehart’s Hancock Prospecting can’t halt case pending arbitration in 20-year feud
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Hancock Prospecting has lost a bid to shut down court cases brought by fellow mining giants Wright Prospecting and DFD Rhodes until the outcome of a family arbitration, after a judge found the company’s own forensic choices made the risk of inconsistent decisions inevitable.