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Melbourne Football Club defeats member’s challenge to board election rules
Sports 2024-08-22 11:37 pm By Andy Sidler

Legal action by a Melbourne Football Club member challenging the AFL club’s board election rules has been dismissed, with a judge finding the rule banning campaigning by candidates is not oppressive as alleged.

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Court rejects enviro group’s challenge to Mt Pleasant coal mine extension
Environment 2024-08-20 12:32 am By Cindy Cameronne

A environmental group has lost its challenge to the extension of the Mount Pleasant open cut coal mine in NSW operated by MACH Energy, with a judge finding the planning commission considered greenhouse emissions and did not merely pay “lip service” to the issue.

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In boon for class action, judge finds Noumi’s shares traded at inflated price
Securities 2024-08-05 10:08 pm By Cat Fredenburgh

A judge has signed off on an agreed-to $5 million penalty against Noumi in ASIC proceedings for violating its continuous disclosure obligations and found the food company’s non-disclosures caused it shares to trade at an inflated price.

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Judge approves $8.25M settlement in class action against PwC over bond prospectus
Class Actions 2024-08-02 10:56 pm By Andy Sidler

A judge has approved a $8.25 million settlement in a class action against PricewaterhouseCoopers brought by Axsesstoday bondholders over an allegedly misleading bond prospectus.

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Class action attacks ‘false’ logic of AG’s claim GCO a neutral factor in KPMG transfer bid
Class Actions 2024-07-30 11:17 pm By Sam Matthews

In submissions to the High Court, the applicant in a class action brought on behalf of Arrium shareholders against KMPG has attacked the Attorney-General’s argument that a contingency fee order is a neutral factor in assessing the accounting firm’s bid to move the case from Victoria. 

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Lawsuit alleging bullying by MP Rebekha Sharkie dropped
Employment 2024-07-29 11:10 pm By Cat Fredenburgh

A lawsuit against the Commonwealth by a former staffer who accused South Australian MP Rebekha Sharkie of bullying has been discontinued.

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NGS Crypto can’t undo receivership, freezing orders
Cryptocurrency 2024-07-26 11:30 pm By Cat Fredenburgh

Hong Kong-based NGS Crypto Group and its director have lost their bid to undo receivership and freezing orders made amid concerns about dissipation of assets as ASIC investigates whether hundreds of Australians who sank $21.1 million into the crypto firm were misled about the safety of their investments.

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McDonald’s opposes ‘skewed’ employee samples in underpayments class action
Class Actions 2024-07-22 3:06 pm By Cindy Cameronne

McDonald’s has raised concerns about a “skewed” sample of employees for the initial trial in a class action alleging the fast food giant denied shift managers compensation for pre- and post-shift work.

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Class action against Noumi lays claim to $5M penalty in ASIC case
Securities 2024-07-18 2:04 pm By Sam Matthews

Noumi has agreed to pay a $5 million penalty for violating its continuous disclosure obligations in a case brought by the corporate regulator, but the applicant in a shareholder class action against the food company says the sum should be reserved to compensate group members. 

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Group members to get $34.7M in ANZ class action over credit card interest
Class Actions 2024-07-10 11:01 pm By Cat Fredenburgh

Group members in a class action against ANZ over credit card interest charges that settled for $57.5 million are expected to take home at least 60 per cent of the settlement sum after legal fees and a funder’s commission are deducted.

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