‘Gentle’ trading in ANZ shares an individual decision by banks, ex-JPMorgan boss says

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A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade “gently” in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.

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Class action investigation targets NSW Police over strip searches at music festival

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NSW Police may be hit with a class action for allegedly subjecting attendees of the Splendour in the Grass music festival to “invasive and traumatic” strip searches.

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ASIC accuses Mayfair’s James Mawhinney of breaching 20-year ban

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The Australian Securities and Investments Commission has asked a court to hold Mayfair 101 director James Mawhinney in contempt, saying he has breached a 20-year ban on raising funds.

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Drug ingredient maker Alkaloids of Australia pleads guilty to cartel charges

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Pharmaceutical ingredient producer Alkaloids of Australia has pleaded guilty to cartel conduct over the supply of a key chemical found in generic stomach cramp drugs.

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Man sues Seven for wrongly naming him Cleo Smith abduction suspect

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A Nyamal man mistakenly identified by the Seven Network as the suspect in the abduction of four-year-old Cleo Smith in Western Australia is suing the broadcaster for defamation.

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Victorian Bar says pandemic law amendments don’t go far enough

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Changes negotiated to the Andrews government’s controversial pandemic bill fall short of protecting the rule of law, Victorian Bar head Róisín Annesley QC said Tuesday.

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Liberal powerbroker levels ‘very serious allegations’ at Nine’s legal team

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Former Liberal power broker Marcus Bastiaan has told a court he will seek an injunction to prevent investigative journalist Nick McKenzie from “door-knocking and harassing” witnesses in a defamation lawsuit over an explosive 60 Minutes report.

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Detergent buyers don’t confuse Finish, Somat brands, trade mark trial hears

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The maker of Somat dishwashing products has hit back at allegations of trade mark infringement, telling a court the prominent brand name on its range of dishwashing tablets functions as an “unmistakable” point of difference between the company and market leader Finish.

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Westpac back pays employees $6M in unpaid long-service leave

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Westpac has agreed to pay thousands of employees across Australia a total of $6 million in unpaid long-service leave entitlements as part of a court-enforceable undertaking to the Fair Work Ombudsman.

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In rare shareholder class action trial, Slater & Gordon investor takes stand

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The lead applicant in a shareholder class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition has said he might have “dumped” his stock before the firm experienced massive losses in 2016 if not for Pitcher Partners and Ernst & Young’s allegedly faulty advice.

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