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Investment firm WAM Active sued by largest shareholder Keybridge
Corporate 2022-06-21 4:17 pm By Christine Caulfield

Keybridge Capital has sued WAM Active seeking declarations that a meeting of shareholders in the Wilson Asset Management subsidiary was validly held and a resolution appointing Keybridge’s Nicholas Bolton to its board was passed and effective.

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Maddocks fights $13M judgment, says negligence was ‘marginal’
Professional Negligence 2022-06-20 9:42 pm By Sam Matthews

Appealing a $13 million damages judgment for negligent advice to a former client that allegedly led to a botched sale and administration, law firm Maddocks told a court Monday the business had ā€œminisculeā€ chances of surviving even if the sale had been successful.

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‘Regime has provided access to justice’: Judge OKs $56.3M Colonial class action settlement
Class Actions 2022-06-20 2:59 pm By Cat Fredenburgh

A judge has signed off on a $56.3 million settlement in a class action against wealth manager Colonial First State that will see Maurice Blackburn earn $14.5 million in costs, saying it was a good example of the class action regime in operation.

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Peter Dutton takes ‘rape apologist’ defamation case to High Court
Defamation 2022-06-20 10:24 pm By Cat Fredenburgh

Opposition leader Peter Dutton has asked the High Court to overturn an appeals court judgment that found a tweet labelling him a “rape apologist” was not defamatory.

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Ex-Sydney Symphony CEO denies sending ‘hit job’ media release
Employment 2022-06-20 10:56 pm By Cat Fredenburgh

Former Sydney Symphony CEO Emma Dunch has struck back at the orchestra’s argument that she can’t claim she was terminated for investigating claims of sexual harassment after telling the media she was the victim of a politically motivated “hit job” for seeking funding from the NSW government.

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Herbert Smith Freehills eyes tax law leader status with partner sweep
Tax 2022-06-20 1:49 pm By Christine Caulfield

As it severs ties with specialist outfit Greenwoods, Herbert Smith Freehills has brought on three tax law experts as part of the firm’s plans to beef up its commercial tax practice.

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High Court won’t hear argument for $100M judgment against Adani over Abbot Point fees
Energy & Natural Resources 2022-06-20 4:22 pm By Cat Fredenburgh

The High Court has declined to review an appeals court decision that overturned a $106 million judgment against a unit of Indian conglomerate Adani Group over access charges for its Abbot Point coal terminal.

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7-Eleven class action funder wins first-ever interim payment from settlement
Class Actions 2022-06-17 4:24 pm By Cindy Cameronne

A judge has granted a litigation funder for two franchisee class actions against 7-Eleven an interim payment to cover its costs ahead of a ruling on how much it can pocket from a $98 million settlement.

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Albanese government welcomes class action funder’s defeat of MIS regulation
Class Actions 2022-06-17 10:48 pm By Christine Caulfield

The federal government said Friday it would consider the implications of an appeals court’s finding that the managed investment scheme structure was unsuited to class actions, a ruling it said was a victory for ordinary Australians and a vindication for Labor.

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Legal privilege over jab mandate advice waived with counsel’s failure to object, court says
COVID-19 2022-06-17 9:57 pm By Sam Matthews

A judge has ruled that a senior Queensland police official waived legal professional privilege during cross examination, allowing the plaintiffs in a mandatory COVID-19 vaccination challenge to see legal advice about the jab direction by the Crown Solicitor.

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