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Ex-Linchpin director loses appeal of $150,000 penalty
Appeals 2024-09-24 2:17 pm By Cindy Cameronne

The director of collapsed investment firm Linchpin Capital has lost his challenge to a $150,000 penalty, with an appeals court dismissing his arguments as “carping criticism”.

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ASIC says Paladin director can’t rely on penalty privilege
ASIC 2024-09-04 11:06 pm By Sam Matthews

The Australian Securities and Investments Commission has argued the relief sought in proceedings against the director of two Paladin Group units does not constitute a penalty, as it challenges his reliance on the privilege against self-exposure to penalty.

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Ex-Linchpin director hit hardest in ASIC case files appeal
Appeals 2024-02-12 4:01 pm By Cat Fredenburgh

The former director of collapsed investment advisor Linchpin Capital hit hardest by a judgment disqualifying him and three other directors and levying a combined $390,000 in penalties has filed an appeal.

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Linchpin Capital directors hit with $390,000 in penalties
Financial Services 2024-01-10 10:05 pm By Sam Matthews

Four current and former Linchpin Capital directors have been disqualified from heading up companies and hit with a combined $390,000 in penalties, after a judge found they improperly used their positions as directors to line their own pockets.

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ASIC wins case against Linchpin Capital directors over $17M in client funds
Financial Services 2023-04-04 3:51 pm By Cindy Cameronne

The Australian Securities and Investments Commission has won its case against four Linchpin Capital directors after a judge found they duped their clients into lining the directors’ pockets and benefitting the parent company.

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‘I’m not having vague excuses about COVID in the UK’: Judge slams ex-Linchpin director
Financial Services 2021-02-18 6:54 pm By Spencer Fowler Steen

A judge will not let proceedings brought by ASIC against four former Linchpin Capital directors drag on, slamming a “vague” excuse from one of the directors, who awaits word from his insurers on whether his defence costs will be covered, that London is still in a state of “total confusion” due to COVID-19.

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Queensland Sugar in sweet victory as Wilmar negligence case dismissed
Contracts 2019-05-13 9:13 pm By Christine Caulfield

Industry-owned Queensland Sugar Limited has succeeded in dismissing a court case brought by Wilmar Sugar Australia after record-high rainfalls led to a $60.8 million loss in 2010.

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