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Bruce Lehrmann hires new lawyer in defamation appeal
Appeals 2024-07-25 2:31 pm By Cindy Cameronne

Bruce Lehrmann has secured new representation for his appeal of his failed defamation case against Network Ten over its coverage of Brittany Higgins’ rape allegations, as he seeks to stay a $2 million costs order against him.

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ANZ senior execs under scrutiny in investigation over $14B bond sale
Financial Services 2024-07-25 11:54 pm By Cindy Cameronne

ANZ has confirmed that senior executives could face consequences in an investigation led by Herbert Smith Freehills and Allens regarding concerns that it manipulated government bond sales last year. 

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ASIC accuses COFCO of manipulating wheat futures markets
ASIC 2024-07-25 2:46 pm By Cindy Cameronne

ASIC has brought civil penalty proceedings against Chinese government-owned agri-business COFCO, alleging it manipulated the market for Eastern Australian wheat futures market contracts in 2022. 

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AMA loses in appeal over $4.8M smash repair acquisition
Appeals 2024-07-24 11:05 pm By Cindy Cameronne

Two Gosford-based smash repair businesses have won an appeal in a dispute with AMA Group over the earn out amount the ASX-list company owed under an October 2018 agreement to purchase the companies for $4.8 million.

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Australia Post unit loses bid for quick win in sexual harassment case
Employment 2024-07-24 11:57 pm By Cindy Cameronne

Star Track Express has lost its bid to summarily dismiss a lawsuit by a warehouse worker who claims it is vicariously liable for sexual harassment after the logistics company argued she had no contractual relationship with the business.

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Ex-ATO worker was not forced to resign amid murder charges, FWC finds
Employment 2024-07-24 11:37 pm By Cindy Cameronne

A former employee of the Australian Taxation Office who faced murder charges over a cold case from 1984, which have since been dropped, has lost his unfair dismissal case after the FWC found he was not forced to resign. 

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Former OnePath chair ‘not cooperating’ in ANZ class action, court told
Class Actions 2024-07-23 1:59 pm By Cindy Cameronne

The ex-chair of former ANZ unit OnePath “has not been cooperating” in a class action alleging it breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers, a court has heard. 

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Investor class action can’t see Virgin’s advice from Herbert Smith Freehills
Class Actions 2024-07-23 11:40 pm By Cindy Cameronne

A judge has rejected arguments that Virgin Australia waived legal professional privilege over advice from Herbert Smith Freehills by claiming in a class action defence that it had a reasonable belief that statements in a prospectus for a $324 million capital raising were not misleading.

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Four people charged over alleged Telegram ‘pump and dump’ scheme
White Collar 2024-07-23 11:43 pm By Cindy Cameronne

Four people have been charged with conspiracy to commit market rigging and false trading after an ASIC investigation into an alleged scheme organised on social media app Telegram to pump shares in Australian stocks and dump them at inflated prices. 

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McGrathNicol partners duck apprehended bias claims in Globaltech administration
Restructuring & Insolvency 2024-07-22 11:43 pm By Cindy Cameronne

A judge has rejected an application by a director of mining tech company Globaltech to replace administrators from McGrathNicol after arguing there was an appearance of bias since their fellow partners used to be on the board of its biggest unsecured creditor, Boart Longyear.

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