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AGL dodges green shareholder’s challenge to demerger scheme booklet
Energy & Natural Resources 2022-05-06 5:48 pm By Sam Matthews

AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.

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ABC’s ‘fool’ claims shot down in defamation suit over ‘Putin’s Patriots’
Defamation 2022-05-06 5:15 pm By Sam Matthews

A judge has struck out part of the ABC’s defence in a lawsuit by the head of Russian motorcycle club Night Wolves over an allegedly defamatory Four Corners report.

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ASX wants $3M security for costs from iSignthis after Cyprus move
Financial Services 2022-05-05 4:56 pm By Sam Matthews

The Australian Stock Exchange is seeking $3.25 million in security for costs as it defends a $464 million lawsuit brought by fintech firm iSignthis, a move spurred on by the 2021 demerger of iSignthis and ISX Financial EU.

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More clinics to be pulled into Monash IVF class action over embryo destruction
Class Actions 2022-05-04 8:46 pm By Sam Matthews

Six more fertility clinics in states across the country are set to be pulled into a class action against Monash IVF on behalf of hundreds of men and women demanding damages for the alleged destruction of potentially viable embryos.

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Max Twigg can’t escape ruling he made off with family fortune
Appeals 2022-05-04 9:13 pm By Sam Matthews

Max Twigg, race car driver and former owner of the famous Byron Bay Hotel, has lost an appeal of a judge’s finding that he misappropriated around $100 million in family trust money and took steps to conceal the transfer of funds from his mother.

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ACCC head calls out companies for ‘pushing the boundaries’ of merger regime
Competition & Consumer Protection 2022-05-04 4:00 pm By Sam Matthews

The new chair of the competition regulator has taken aim at companies for “pushing the boundaries” of Australia’s merger control regime and taking a “strategic approach” to clearance, as the regulator yet again flags the prospect of a reform push.

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ASIC can’t duck case by G8 Education’s ex-chair over alleged unlawful examination
White Collar 2022-05-03 5:49 pm By Sam Matthews

ASIC has lost a bid to dismiss former G8 Education chair Jennifer Hutson’s application seeking declarations that she was unlawfully examined by the regulator over the company’s $162 million hostile takeover bid for Affinity Education Group.

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Melissa Caddick’s husband to vacate Dover Heights mansion as receivers push for sale
White Collar 2022-05-03 3:41 pm By Sam Matthews

The husband of Sydney fraudster Melissa Caddick will be vacating the couple’s harbour-view mansion as court-ordered receivers prepare to put it up for sale. 

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Lawyers will try to serve missing Big Un founder on LinkedIn
ASIC 2022-05-03 5:16 pm By Sam Matthews

A judge has given the liquidators of Big Un the go-ahead to serve the director of the collapsed video company through his LinkedIn account after several unsuccessful attempts to contact him about proceedings accusing him and others of violating their directors’ duties.

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EY dodges ‘speculative’ subpoena over independence in share sale case
Corporate 2022-05-02 2:01 pm By Sam Matthews

Ernst & Young has won a bid to throw out a subpoena probing whether its conflict-of-interest protocols were followed in a lawsuit against mining equipment company PPK, with a judge dismissing the summons as a fishing expedition.

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