Spotless faces class actions from disgruntled shareholders

Spotless faces class actions from disgruntled shareholders

Updated May 26, 2017 17:02:50 Spotless Group is being sued again by disgruntled investors – its second time in three months. Key points: Spotless is being sued by aggrieved shareholders in two class actions. The company allegedly misled investors by providing an unrealistically high profit guidance, causing its share price to plummet. The litigation has not deterred Downer EDI from its attempt to takeover Spotless – its $1.2 billion offer remains open until mid-June. Spotless is one of the largest cleaning and facilities management companies in Australia, and now the…

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Corrupt former Labor MP should receive a jail term, court hears

Corrupt former Labor MP should receive a jail term, court hears

Posted May 26, 2017 14:07:34 Corrupt former NSW Labor minister Ian MacDonald should receive a jail term, the prosecutor in the case against him has told a Sydney court. In March, Ian MacDonald was found guilty of misconduct in a public office over his decision to grant a mining licence to former union boss John Maitland. The decision was made in 2008, when Ian MacDonald was the NSW Minister for Primary Industries and Mineral Resources in the Iemma Labor government. Maitland, once the head of the Construction, Forestry, Mining and…

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Thai women forced to be 'sex slaves' in US

Thai women forced to be 'sex slaves' in US

The indictment, unsealed Thursday in St. Paul, Minnesota, details a scheme dating back to 2009, which denied the women their freedom until payment of bondage debts that were often as high as $60,000. According to a statement made by US Attorney Gregory Brooker of the District of Minnesota, the defendants include 10 Thai nationals and 11 US citizens, arrested at various locations in Los Angeles, San Diego, Dallas, Austin, Houston, and Chicago. One defendant remains at large. “The complexities of this organization represent the lengths to which criminals will go…

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FBI Russia investigation looking at Kushner

FBI Russia investigation looking at Kushner

Points of focus that pertain to Kushner include: the Trump campaign’s 2016 data analytics operation; his relationship with former national security adviser Michael Flynn; and Kushner’s own contacts with Russians, according to US officials briefed on the probe. When CNN contacted a Kushner spokesman on Tuesday, the spokesman said Kushner was unaware of the FBI’s interest in him and hasn’t been contacted. NBC News and the Washington Post reported Thursday on the FBI’s interest in Kushner. Kushner’s attorney said her client is willing to talk to the FBI if asked….

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Court upholds block on Trump's travel ban

Court upholds block on Trump's travel ban

The ban was announced in March, but never got off the ground because federal courts blocked it just hours before it was set to go into effect. It would have banned people from Iran, Libya, Somalia, Sudan, Syria, and Yemen from entering the US for 90 days and all refugees for 120 days. The court makes extensive use of Trump’s comments during his campaign when he called for a full ban on Muslims from entering the United States as evidence against this executive order. “The evidence in the record, viewed…

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