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‘Roaring Kitty’ Sued for Securities Fraud Over GameStop Rise – 18 February 2021
Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.
https://www.nytimes.com/live/2021/02/17/business/stock-market-today
Media await judge’s penalties for contempt over early Pell reports – 17 February 2021
Fourteen news outlets have pleaded guilty to a combined 21 charges of contempt of court for breaching a suppression order with reports published or broadcast in December 2018, in the days after Cardinal Pell was found guilty. Prosecutors want Justice Dixon to impose significant fines and convictions for what they say was serious offending.
Supreme Court decides Peter Ivan Macks’ liquidator registration to be suspended for three years – 17 February 2021
A prominent Adelaide liquidator has received a three-year ban after forging documents in an attempt to foil an ASIC investigation.
https://www.miragenews.com/supreme-court-decides-peter-ivan-macks-515144/
Australia to amend laws to make Google and Facebook pay – 16 February 2021
Australia’s government will amend draft laws that would make Google and Facebook pay for news to clarify that publishers would be paid in lump sums rather than per click on news article links. Google has threatened to make its search engine unavailable in Australia if the code were introduced and Facebook said it might block Australians from sharing news if the platform were forced to pay for news. The code aims to remove the digital giants’ dominant bargaining positions but creating an arbitration panel with the power to make legally binding decisions on price.
https://techxplore.com/news/2021-02-australia-amend-laws-google-facebook.html
