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Oil exploration company PTTEP has appealed a judge’s findings that oil that gushed from one of its wells in the Timor Sea in 2009 reached the coasts of Indonesian islands and damaged the crops of local seaweed farmers.
ASIC accuses former ANZ unit of overcharging super members $4M
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Former ANZ super fund subsidiary OnePath overcharged more than $4 million in superannuation fees, according to regulatory action launched by the Australian Securities and Investments Commission on Tuesday.
ABC settles lawsuit by ‘overworked’ senior reporter
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The ABC has resolved a discrimination lawsuit brought by a reporter who claimed she developed a medical condition as a result of being overworked.
Merrill Lynch botched $56M sale of Zip Co shares, lawsuit claims
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Two major Zip Co investors have sued Merrill Lynch for allegedly breaching its duties as financial advisor by recommending they sell their shares in the Aussie fintech after September 1 last year, at which point Paypal’s announcement that it would enter the buy now, pay later market had sent Zip’s share price plummeting.
GM facing $9M dealer lawsuit over decision to retire Holden brand
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General Motors is facing a lawsuit by a Holden car dealer who allegedly suffered up to $9.26 million in financial loss following the car maker’s decision to pull the iconic brand in Australia.
High Court to hear Google’s challenge to $40,000 defamation award to gangland lawyer
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The High Court has granted Google special leave to challenge a $40,000 defamation judgment awarded to gangland lawyer George Defteros, with the search giant arguing it should not be held liable for a “mere hyperlink” to an article.
Arrium class action seeks unredacted KPMG audit file
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Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant’s handling of the steel producer’s financial statements before its collapse in April 2016.
Gilbert + Tobin partner to become first woman to hold ACCC’s top post
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Gilbert + Tobin senior partner Gina Cass-Gottlieb has been nominated to become the first female chair of the Australian Competition and Consumer Commission.
Mayfair’s James Mawhinney can’t escape further grilling by liquidators
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The liquidators of Mayfair’s failed IPO Wealth Holdings have won their bid to question the fund’s former director, James Mawhinney, for the eighth time over assets that could provide “significant potential recoveries” for shareholders.
Worker can sue Sydney Water for unfair termination over ‘dirty workplace joke’
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A former employee of Sydney Water, who was featured in a “humiliating” workplace safety poster alongside the words ‘feel great – lubricate’, has won her bid to pursue an unlawful termination claim.