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Airport operator APAC has won access to Q&A logs in a data room set up by shareholder Dexus for prospective buyers, in a dispute over whether the real estate asset manager breached a confidentiality deed.
Harvey Norman tells court $24M should be max penalty for ‘interest-free’ ads
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Harvey Norman says it should not be fined more than $24 million for running misleading ads touting interest-free financing, telling a court it should not be punished for “unattractive” remarks its founder made in the media about the legal system.
Mayne, Cosette row to be determined on the merits after panel resets merger clock
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The Takeovers Panel has agreed to hear Mayne Pharma’s latest dispute with Cosette over the US drug maker’s attempts to walk away from their $672 million merger agreement and extended the timeline for completing the deal.
Piper Alderman’s default win quashed in fee row with Care A2 director
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Piper Alderman has been pulled back into a costs dispute after a judge found the director of dairy company Care A2 had an arguable defence and set aside a default judgment for the law firm.
Westpac pays back $50M to 47,000 underpaid staff
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Westpac has paid back $50 million plus interest and super to 47,000 current and former staff who were underpaid over an 11-year period.
Sydney developer sues Fairfax for defamation over arson story
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The owner of Sydney developer Coronation Property has sued Fairfax for defamation over a Sydney Morning Herald story that allegedly linked him to arson attacks on two childcare centres and the home of YouTuber Jordan Shanks.
Lander & Rogers appoints new competition partner from HSFK
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Lander & Rogers has recruited a competition law expert from Herbert Smith Freehills Kramer for its corporate team ahead of the new merger review regime.
ASIC wants $85M in fines against Harvey Norman, Latitude, says GC apology ‘performative’
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ASIC on Thursday pushed for penalties totalling $85 million against Harvey Norman and Latitude Finance, after an appeals court found the retailer’s ads touting interest-free financing were misleading.
CBUS trustee agrees to pay $23.5M in ASIC death benefits case
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The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator’s case over excessive delays in processing $20 million in death and disability claims.
Court approves $8.7M settlement in Exactech class action
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A judge has approved a “modest” $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.