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Joint venture lobs $50M lawsuit over $1.37B Melbourne Metro payout
Transportation & Infrastructure 2021-10-20 5:39 pm By Miklos Bolza

A joint venture which helped design the Melbourne Metro has filed a $50 million lawsuit claiming they were not given enough of a $1.37 billion payout promised by the state’s government to cover additional work.

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Arrest warrant issued for Forum founder Bill Papas
White Collar 2021-10-20 1:00 pm By Miklos Bolza

The Federal Court has issued an arrest warrant for Forum Finance founder Bill Papas for contempt of court for allegedly transferring $720,000 out of one of his companies in breach of a freezing order.

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Social media surgeon seeks urgent injunction ahead of Four Corners episode
Media 2021-10-20 9:32 pm By Bianca Hrovat

A Sydney-based plastic surgeon with more than 5 million followers on TikTok has taken the ABC to court to block an upcoming episode of Four Corners about him from running.

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AMP, Willis Towers Watson locked in multimillion-dollar Sydney CBD rental dispute
Real Estate 2021-10-20 4:46 pm By Miklos Bolza

AMP has taken the insurance arm of Willis Towers Watson to court to try to force it to stick to an alleged promise to rent two floors in a central Sydney commercial block that was made just before the start of the COVID-19 pandemic.

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CIMIC spars with insurers over coverage for Iraq bribery cases
Insurance 2021-10-20 3:48 pm By Cindy Cameronne

Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.

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Judge rejects bid to shut down Guvera class action
Class Actions 2021-10-20 9:04 pm By Cindy Cameronne

A judge has rejected a request to discontinue a class action on behalf of investors in failed music streaming platform Guvera, saying it was “difficult to understand” why the applicants had launched the case as a class action in the first place.

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Crane maker NQCranes loses bid to strike out ACCC’s cartel case
Competition & Consumer Protection 2021-10-20 12:20 pm By Cindy Cameronne

Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.

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Mercedes-Benz hit with $650M lawsuit over dealer model change
Automotive 2021-10-19 5:04 pm By Miklos Bolza

German luxury car maker Mercedes-Benz has been hit with a $650 million lawsuit by Australian dealers over the company’s decision to change to a fixed-price agency model.

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Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
Financial Services 2021-10-19 2:18 pm By Miklos Bolza

The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a “concerted campaign” that lasted two years.

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Virtus ‘author of its own fate’ if Adora acquisition fails, judge says
Competition & Consumer Protection 2021-10-19 9:30 pm By Cindy Cameronne

IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.

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