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Melco must produce docs to Crown Resorts inquiry, appeals court says
White Collar 2020-03-12 10:00 pm By Christine Caulfield

Hong Kong-based casino group Melco Resorts must hand over documents claimed to be privileged to a NSW public inquiry into James Packer’s Crown Resorts, with an appeals court ruling the inquiry had the power of a royal commission.

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ASIC wins High Court appeal over meaning of corporate ‘officer’
Appeals 2020-03-11 12:57 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has scored a victory before the High Court, with the court unanimously finding that the term “officer” under the Corporations Act is not limited to those that hold official positions within a company.

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Former analyst pleads guilty to Big Un insider trading
White Collar 2020-02-25 2:12 pm By Cat Fredenburgh

A former Maple Brown Abbott analyst has pleaded guilty to insider trading and communicating inside information in relation to $1.6 million in shares of collapsed video company Big Un.

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Ex-Bellamy’s director Jan Cameron faces criminal charges over share disclosures
White Collar 2020-02-14 10:26 am By Christine Caulfield

Former Bellamy’s Australia director Jan Cameron has been charged by prosecutors after an ASIC investigation over her alleged failure to disclose her substantial stake in the organic baby food company.

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Kleenmaid director gets 9 years in prison for $13M Westpac fraud
White Collar 2020-02-11 12:13 pm By Cat Fredenburgh

A judge has sentenced the founder of defunct whitegoods distributor Kleenmaid to nine years in prison for his role in a $13 million fraud against Westpac, saying it would be “obnoxious and naive” to consider his crimes victimless.

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Kleenmaid founder’s brother can’t dodge conviction over $13M Westpac fraud
White Collar 2020-02-03 12:01 pm By Cat Fredenburgh

The brother of the founder of defunct whitegoods distributor Kleenmaid has lost an appeal seeking to overturn his conviction on fraud and insolvent trading charges for masterminding a $13 million fraud against Westpac.

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Don’t expect ‘Rolls Royce’ ruling, frustrated cartel magistrate says
Competition & Consumer Protection 2020-01-31 11:26 pm By Cat Fredenburgh

A sideshow evidentiary dispute in a committal hearing in a landmark criminal cartel case against ANZ and two investment banks has drawn to a close, but not before testing the patience of a magistrate, who warned her ruling would be far from a “Rolls Royce decision”.

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Former director of internet company gets 6 years in jail for fraud
White Collar 2020-01-24 9:50 pm By Cat Fredenburgh

The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.

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Jury finds Kleenmaid founder guilty of $13M fraud against Westpac
White Collar 2020-01-10 10:43 pm By Christine Caulfield

The founder of defunct whitegoods distributor Kleenmaid faces jail time after a jury on Friday found him guilty of 19 charges of fraud and insolvent trading relating to the collapse of the company, including a $13 million fraud on Westpac.

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High Court’s Chorley ruling dooms Tucker & Cowen partner’s costs bid
Business of Law 2020-01-10 11:30 am By Miklos Bolza

A court has slashed the costs awarded to a Tucker & Cowen name partner in a lawsuit brought by the liquidators of failed fund manager Equititrust, citing a recent High Court ruling that found self-represented lawyers cannot recover their own expenses.

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