Inside Australian Family Lawyers' $6.5M IPO

Inside Australian Family Lawyers' $6.5M IPO

At the completion of Australian Family Lawyers' (AFL) IPO it will become the latest Australian law firm to list on the ASX. Following yesterday's extraordinary general meeting when Navigator Resources Limited (ASX: NAV) shareholders gave AFL the greenlight for a reverse takeover of the mining company. The firm is joining the l...

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30 witnesses for lengthy GetSwift trial

30 witnesses for lengthy GetSwift trial

The corporate watchdog has flagged that it intends to throw 30 witnesses at software company GetSwift in its now delayed trail. The large number of witnesses, expected to take around six weeks to get through, has compelled Federal Court judge Michael Lee to delay the trial until 2020 to allow GetSwift to prepare for the bout with the Aust...

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Maurice Blackburn is coming at Lendlease with potential class action

Maurice Blackburn is coming at Lendlease with potential class action

Australian class action law firm Maurice Blackburn is investigating a potential shareholder class action against Lendlease Group (ASX: LLC) after the construction group allegedly misled the market. The investigation arises from alleged misleading behaviour from Lendlease who Maurice Blackburn say failed to adequately disclose the long-run...

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Zuckerberg calls for more regulation over the Internet

Zuckerberg calls for more regulation over the Internet

Facebook has clearly grown bigger than founder Mark Zuckerberg ever imagined. In just a few short years he's gone from Silicon Valley darling to the scapegoat for the world's ills. He copped the brunt of the blame for Brexit and Trump, and more recently has received a fair share of criticism for Facebook's handling of the ...

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ACCC gives IPH acquisition of Xenith the green light

ACCC gives IPH acquisition of Xenith the green light

The likelihood of an intellectual property giant materialising in Australia is edging closer after the Australian Competition and Consumer Commission (ACCC) delivered its blessing. Though shareholders have the option of choosing who IP firm Xenith will partner up with, the ACCC has said that it will not oppose IPH Limited's proposed a...

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Slater & Gordon slated over "We win cases like yours"

Slater & Gordon slated over "We win cases like yours"

Eaglegate Lawyers principal Nicole Murdoch has no objection to one of two recent trademark applications Slater & Gordon (ASX: SGH) has made with IP Australia. The mark reads "Slater + Gordon. We win cases like yours", and that's fair enough according to Murdoch. After all, it would make no sense for any law firm to ...

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Xenith rebuffs IPH takeover bid

Xenith rebuffs IPH takeover bid

The board of intellectual property company Xenith (ASX: XIP) is not impressed by a 9 per cent lift in IPH's (ASX: IPH) takeover offer, and will press on with another merger in the works.  In an announcement today the group concluded IPH had not presented a superior offer to the merger deal underway with QANTM Intel...

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Red Bubble off the hook in Hells Angels copyright case

Red Bubble off the hook in Hells Angels copyright case

A website that allows independent artists to sell print on demand (POD) designs online has avoided hefty damages after the Federal Court of Australia ruled in its favour in a copyright case brought by Hells Angels Motorcycle Corporation. The bikie gang was suing Melbourne-based Redbubble (ASX: RBL) for publishing Hells Angels tradema...

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Class action looms for IOOF

Class action looms for IOOF

While Australia's prudential watchdog takes action against IOOF (ASX: IFL) directors and executives over alleged misconduct, the wealth manager is about to face another legal battle. Sydney-based law firm Quinn Emanuel Urquhart & Sullivan announced today it planned to file a class action against IOOF, arising from evidence given a...

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IPH threatens QANTM-Xenith merger with counterbid

IPH threatens QANTM-Xenith merger with counterbid

Intellectual property company IPH (ASX: IPH) is upping the ante in its courtship of Xenith (ASX: XIP), putting in a higher takeover bid it claims will bring greater value than a merger in the works with QANTM Intellectual Property (ASX: QIP). Xenith knocked back IPH's $1.80 per share offer in November, opting instead for an all-scrip ...

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Clayton Utz, AMP cave in to ASIC's 'fees for no service' notes demand

Clayton Utz, AMP cave in to ASIC's 'fees for no service' notes demand

After months of withholding notes from interviews of current and former AMP representatives, law firm Clayton Utz has finally coughed up documents requested by the Australian Securities and Investments Commission (ASIC). The notes formed the basis for Clayton Utz's October 2017 report on on fees for no service (FFNS) that was consider...

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Slater & Gordon in sell-off after senior lenders set free

Slater & Gordon in sell-off after senior lenders set free

Restructuring efforts from law firm Slater & Gordon (ASX: SGH) have failed to ward off a loss of $10.3 million for 1H19, as the group continues its path to recovery after a woeful foray into the UK market. The result compares to a profit of $141.2 million at the end of 2017, a figure that was only supported by a on...

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ASIC swoops on GetSwift with civil proceedings

ASIC swoops on GetSwift with civil proceedings

GetSwift (ASX: GSW) and its directors Bane Hunter and Joel Macdonald are once again in the firing line. The Australian Securities and Investment Commission (ASIC) has today launched civil proceedings against GetSwift in the Federal Court of Australia in Melbourne. The proceedings relate to a series of ASX announcements made by GetSwif...

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LandMark White hacked data sat on dark web for 10 days

LandMark White hacked data sat on dark web for 10 days

Property valuer LandMark White (ASX: LMW) has resumed trading this morning after investigating a serious data breach that occurred some time in December 2018. The company entered into a trading halt on Friday after major banks suspended important contracts. The Commonwealth Bank, National Australia Bank and ANZ have all suspended cont...

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One of Jenny Hutson's lieutenants has pleaded guilty to giving false info to ASIC

One of Jenny Hutson's lieutenants has pleaded guilty to giving false info to ASIC

Mary-Anne Graves, one of the board members of Wellington Capital involved in Jenny Hutson and G8 Education's failed takeover of Affinity Education, has pleaded guilty before the Brisbane Magistrates' Court. Graves was charged with three counts of giving false or misleading information under oath in June 2016, and today plead guilt...

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LandMark White in trading halt following fallout from data breach

LandMark White in trading halt following fallout from data breach

Property valuer LandMark White (ASX: LMW) has gone into a trading halt pending a statement regarding the fallout from a data breach that occurred on 4 February 2019. The company said at the time that a data set containing property valuation and some personal contact information was disclosed because of a vulnerability in one of LMW's ...

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Optus cops historic $10 million fine for misleading customers

Optus cops historic $10 million fine for misleading customers

In October 2018 Optus was staring down the barrel of a $10 million fine for misleading customers in relation to its third-party billing service. The Federal Court has decided to hit Optus with that $10 million penalty for its treatment of customers who unknowingly purchased games, ringtones, and other digital content via its Direct Carrie...

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Qantas' acquisition of Alliance Airlines up in the air

Qantas' acquisition of Alliance Airlines up in the air

Qantas (ASX: QAN) has announced that it has purchased a 19.9 per cent stake in regional charter flight operator Alliance Airlines (ASX: AQZ), but the deal could still be undone. Shares in Alliance have soared on the back of Qantas' transaction, with shares up 12.61 per cent to $2.59 per share before noon AEDT. However, the investm...

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TPG cans mobile network over Huawei ban

TPG cans mobile network over Huawei ban

The federal government's decision to ban the use of Chinese telco Huawei in Australian 5G networks has led to TPG scrapping its plans for a new mobile network.  TPG, which had been designing and implementing its mobile network since April 2017, decided to cease the rollout of its infrastructure project today after investing signi...

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Slow Internet with the NBN? You might be eligible for a refund

Slow Internet with the NBN? You might be eligible for a refund

The ACCC is urging NBN customers with slow connection speeds to contact their provider as they may be eligible for a refund. Over the last 15 months Telstra, Optus, TPG, iiNet, Internode, Dodo, iPrimus and Commander have each admitted that they likely made false or misleading representations about the connection speeds NBN customers could...

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Ultra Tune faces $2.6m penalty for breaching Franchising Code

Ultra Tune faces $2.6m penalty for breaching Franchising Code

Australia's second largest independent motor repair organisation Ultra Tune is in hot water after failing to act in good faith in its dealings with a prospective franchisee. The company has been fined $2.6m for breaching both the Franchise Code of Conduct and Australian Consumer law and ordered to pay back a $33,000 deposit which it f...

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Black Friday buoys Australian retail but online continues to dominate

Black Friday buoys Australian retail but online continues to dominate

Australia's wholehearted embrace of the American Thanksgiving tradition Black Friday has paid off for our retailers, but it's online where shoppers continue to flock. The highly anticipated ABS data on retailing for November 2018 proved to be more positive than expected, with turnover up 0.4 per cent in November 2018. Pundits pred...

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ACCC preliminary report slams unfettered dominance of Facebook and Google

ACCC preliminary report slams unfettered dominance of Facebook and Google

The Australian Competition and Consumer Commission (ACCC) has today released its most scathing assessment of how American tech giants are impacting the Australian market, particularly the news and advertising sectors. The regulator released a preliminary report containing 11 preliminary recommendations and eight areas for further analysis...

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ACCC takes on TPG for retaining millions from allegedly misleading conduct

ACCC takes on TPG for retaining millions from allegedly misleading conduct

The Australian Competition and Consumer Commission (ACCC) is hoping to secure compensation for TPG customers after the telco allegedly misled consumers about a "prepayment" fee. The ACCC alleges that TPG misled customers about a $20 "prepayment" made by consumers and that the telco included unfair prepayment contract t...

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Engineering giant RCR Tomlinson goes into administration

Engineering giant RCR Tomlinson goes into administration

After 120 years in business, engineering and construction company RCR Tomlinson (ASX: RCR) has entered administration. A statement from the engineering firm released this morning the company says it has appointed McGrathNicol as administrators to the company overnight. Around 3,400 staff are now in limbo as the company beings its proc...

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Harold Mitchell resigns on ASIC's Tennis Australia probe

Harold Mitchell resigns on ASIC's Tennis Australia probe

The chairman of Free TV Australia Harold Mitchell has been "forced" to resign following allegations made by the Australian Securities and Investment Commission (ASIC) about his involvement with Tennis Australia. Mitchell revealed news of the acrimonious departure in a brief statement. "It is with regret that I have been...

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ASIC to take on Harold Mitchell for his involvement in Seven's tennis deal

ASIC to take on Harold Mitchell for his involvement in Seven's tennis deal

Former director of Tennis Australia and prominent media figure Harold Mitchell is in the firing line of the corporate watchdog. The Australian Securities and Investment Commission (ASIC) alleges that Harold Mitchell and former Tennis Australia president Stephen Healy mislead the Tennis Australia board to ensure the Seven Network would get...

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Rebel Wilson's legal battle is over after being dismissed from the High Court

Rebel Wilson's legal battle is over after being dismissed from the High Court

Rebel Wilson says she is happy that her long legal bout with Bauer Media is over despite stumbling at the final appeal in the High Court today. The actress failed in her bid to appeal her case regarding defamation damages in the High Court this morning, bringing the lengthy saga to a close. The appeal followed a court order for Wilson...

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Medicinal cannabis access to get a whole lot easier in Queensland

Medicinal cannabis access to get a whole lot easier in Queensland

After the Federal Government made it legal to consume cannabis for medicinal purposes two years ago, significant strides have been made to make access easier. Serious developments in the research and cultivation of cannabis for medicinal purposes have been made by private and public companies in the years since. However, the issue of ...

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Solomon Lew sets his lawyers on Myer, demanding first quarter results

Solomon Lew sets his lawyers on Myer, demanding first quarter results

Clearly fed up with Myer's reluctance to play ball, Solomon Lew has called on his lawyers to demand some cooperation from the department store giant. This latest piece of wrath from Lew follows a letter released in late October where the Premier Investments chairman called on Myer to release its first quarter 2019 results. The con...

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