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Law firm sues Lloyd’s syndicate over coverage for $3.7M settlement
Insurance 2022-02-07 9:07 pm By Cat Fredenburgh

One of Australia’s largest law firms has taken its insurer to court for failing to cover part of a $3.7 million settlement of a claim stemming from the sale of apartments at a $105 million South Yarra complex developed by millionaire Harry Stamoulis.

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Deloitte report on Mercedes-Benz fixed-price model was ‘spin’, court hears
Automotive 2022-02-07 1:46 pm By Cat Fredenburgh

Australian Mercedes-Benz dealers behind a $650 million lawsuit over the car maker’s decision to move to a fixed-price agency model allege the car maker engaged Deloitte as a consultant so it could “spin” its real reasons for making the change.

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ASIC grills brother of former Nuix CFO as part of insider trading probe
Securities 2022-02-07 10:01 pm By Christine Caulfield

The corporate regulator has confirmed it has questioned the brother of former Nuix CFO Stephen Doyle and might seek further examination as part of its ongoing investigation of the troubled tech company.

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Blue Star Helium’s former boss appeals ban over ill-fated Texas oil asset sale
Energy & Natural Resources 2022-02-07 2:04 pm By Christine Caulfield

The former CEO of Blue Star Helium is challenging a ruling that slugged him with a $40,000 penalty and a four-year ban for failing to disclose to shareholders the identify of the buyer behind a botched sale of Texas oil assets.

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Arrium shareholders in class action can’t access full KPMG audit file
Class Actions 2022-02-04 1:59 pm By Cat Fredenburgh

Shareholders in a class action against failed steel giant Arrium and KPMG have lost their bid for KPMG’s complete audit file for Arrium to probe the Big Four accounting firm’s handling of the steel producer’s financial statements before its collapse in April 2016.

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Meta, Instagram lose appeal bid to arbitrate startup’s competition case
Competition & Consumer Protection 2022-02-04 1:58 pm By Christine Caulfield

An appeals court has dismissed a second attempt by Meta and Instagram to shut down a misuse of market power case by a Melbourne-based social media startup.

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Forum director Tesoriero questions sale of Papas’ Sydney residence
Restructuring & Insolvency 2022-02-04 12:34 pm By Cat Fredenburgh

Forum Finance director Vince Tesoriero has raised concerns about the validity of the sale of a $4 million home in Sydney inner-West suburb Rozelle where company founder Bill Papas and his girlfriend lived, but a judge has indicated any attempt to block the sale would be “hopeless”.

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RMS Engineering settles workers’ class action over meal breaks
Class Actions 2022-02-04 3:10 pm By Christine Caulfield

Queensland-based RMS Engineering and Construction has settled a class action alleging it refused to give staff meal breaks and threatened those who complained about excessive hours.

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Nine can argue MP Andrew Laming a ‘creep’ in defamation defence
Defamation 2022-02-04 10:38 am By Cat Fredenburgh

A judge has allowed Nine Network to claim that MP Andrew Laming is a ‘creep’ in its contextual truth defence to the Queensland politician’s defamation lawsuit over a news segment that accused him of taking a lewd photograph.

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Gilbert + Tobin nabs climate change ace from Baker McKenzie
Climate change 2022-02-03 10:47 pm By Cat Fredenburgh

A leading climate change lawyer at Baker McKenzie has made the jump to Gilbert + Tobin, less than a year after the US firm’s renewable energy practice lost its global co-head and two partners to another Big Six firm.

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