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Bell Potter defeats $10M lawsuit over 1 minute trading call
Corporate 2022-08-01 3:32 pm By Cindy Cameronne

Bell Potter has defeated a lawsuit by Nicholas Bolton’s Keybridge Capital over a 2015 phone call which lasted one minute and 18 seconds in which the investment firm was accused of committing its client to buy $10 million worth of shares in defunct Molopo Energy.

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Chubb falls short in $2.3M dispute over coverage for Inchcape ransomware attack
Privacy & Cybersecurity 2022-08-01 5:53 pm By Cindy Cameronne

A judge who lashed “unsatisfactory cooperation” between Chubb and British automotive distributor Inchcape has found the insurer’s policy covers some but not all costs stemming from a cyber attack which allegedly caused over $4 million in loss.

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Lawyers enjoy 20% pay bump but market faces ‘economic headwinds’: report
Business of Law 2022-07-29 2:31 pm By Cindy Cameronne

Salaries for junior to mid-level lawyers have increased by 20 per cent in the last year but the legal market is facing difficulties as firms struggle to fill positions, causing the traditional law firm pyramid structure to “collapse”, a report has found. 

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Zurich won’t OK NZ apartments class action as it mulls High Court appeal
Class Actions 2022-07-29 1:11 pm By Cindy Cameronne

Irish insurer Zurich Insurance has refused consent for a class action over a defective New Zealand apartment block to proceed in the NSW Supreme Court as it mulls a High Court challenge to the case.

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CFMMEU hit with maximum penalty after alleged homophobic slurs
Employment 2022-07-29 5:03 pm By Cindy Cameronne

The CFMMEU and two of its officials have been hit with the maximum penalty for allegedly breaching right of entry rules and calling a safety advisor “disgusting homophobic slurs” at a worksite on the $5.4 billion Queensland Cross River Rail project.

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Partner in Lendlease tax ‘dodge’ suit says whistleblower protections apply
Employment 2022-07-28 1:38 pm By Cindy Cameronne

A former Greenwoods & Freehills partner will argue he is entitled to whistleblower protection in his lawsuit against the tax advisory firm and Lendlease, alleging he was forced to leave after refusing to put his name to a tax return and making protected disclosures.

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Lawyer ‘driven by greed and ego’ struck from roll after buying 1,000 client files
Legal Ethics 2022-07-28 4:08 pm By Cindy Cameronne

A Melbourne lawyer “driven by his own greed and ego” should be struck from the roll for at least nine years for grossly overcharged his clients and being “professionally dishonourable, blatantly dishonest and deceitful”, VCAT has found.

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Building giant BCEG wins $12M fraud case against former directors
Construction 2022-07-28 6:45 pm By Cindy Cameronne

Chinese construction and engineering firm BCEG has won a $12 million lawsuit against two former directors of an Australian subsidiary after they allegedly swindled millions from the company to fund their own developments and buy a luxury apartment.

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Corrs client appeals finding that firm overstepped in preparing expert report
Legal Ethics 2022-07-27 11:50 pm By Cindy Cameronne

A client of Corrs Chambers Westgarth has filed an appeal after a judge found the firm went “far beyond the permissible scope” of involvement in an expert report prepared for a trade secrets case.

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UGL drops challenge after unions agree not to fund class action
Employment 2022-07-27 2:46 pm By Cindy Cameronne

In the wake of a landmark judgment that held class actions are not managed investment schemes, engineering giant UGL has given up its case against two unions that sought to block them from funding an underpayments class action.

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