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Banned financial advisor Sam Henderson charged over master’s degree claims
Financial Services 2020-06-10 9:14 pm By Christine Caulfield

Former celebrity advisor Sam Henderson, who was slapped with a three-year financial services ban last year after his appearance at the banking royal commission, has been charged with multiple dishonesty offences.

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High Court won’t hear Melco’s challenge to doc production order in Crown inquiry
Securities 2020-06-10 2:48 pm By Christine Caulfield

Hong Kong-based casino group Melco Resorts has lost an application for special leave to the High Court to weigh in on a ruling that a NSW public inquiry into James Packer’s Crown Resorts had the power of a royal commission and could order privileged documents to be handed over.

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ACCC secures $700,000 penalty against NRAS participant Quantum Housing
Competition & Consumer Protection 2020-06-10 2:31 pm By Christine Caulfield

A judge has ordered WA-based Quantum Housing Group to pay $700,000 and its sole director another $50,000 after finding the company misled investors in the National Rental Affordability Scheme.

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Google must hand over ID of bad reviewer to gangland lawyer Zarah Garde-Wilson
Defamation 2020-06-09 2:35 pm By Christine Caulfield

Google has been ordered to hand over details of an online reviewer’s identity to gangland lawyer Zarah Garde-Wilson so she can pursue a potential defamation and misleading and deceptive conduct case against the reviewer, which she alleges is a rival law firm.

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Top barrister retained interest in Mark Elliott’s funding co. after wife sold shares, court told
Class Actions 2020-06-09 10:52 am By Christine Caulfield

Court documents sought to be kept confidential in a case alleging professional misconduct against barrister Norman O’Bryan SC in his role as counsel for a class action over the collapse of Banksia Securities accuse the top silk of continuing to have an interest in the funder that bankrolled the proceedings after his wife was said to have sold her shares.

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Former Sirtex boss released on good behaviour bond after insider trading conviction
White Collar 2020-06-04 9:39 pm By Christine Caulfield

The former CEO and director of biotech company Sirtex Medical was sentenced Thursday to 18 months’ imprisonment for insider trading but was released immediately on a three-year good behaviour bond.

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Robodebt recipients won’t be asked to waive class action claims
Class Actions 2020-06-04 6:06 pm By Christine Caulfield

Centrelink recipients eligible for a share of $721 million in refunds on debts paid as part of the controversial Robodebt scheme will not be asked to sign away their rights in an ongoing class action, but whether the Morrison Government will seek to shut down the case remains to be seen.

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Ex-Beem It boss takes fintech, CBA to court
Employment 2020-06-04 1:42 pm By Christine Caulfield

Commonwealth Bank of Australia and Beem It are facing an employment lawsuit by the former CEO of the payments fintech, but details of the case have not been released pending a bid to keep the claims confidential.

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Banksia class action funder can’t keep details of misconduct claims under wraps
Class Actions 2020-06-03 10:50 pm By Christine Caulfield

A judge has rejected calls to keep confidential the details of professional misconduct claims against the funder and lawyers behind the Banksia Securities class action, in a ruling that revealed that investors of the collapsed lender could recover $30 million more if allegations against the legal team are established at trial.

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Virgin bidder shortlist down to Bain, Cyrus
Restructuring & Insolvency 2020-06-02 5:24 pm By Christine Caulfield

Virgin Australia’s administrators have whittled down the list of eligible bidders for the struggling airline to two, with investment firm Bain Capital and private equity investor Cyrus Capital Partners the only potential purchasers allowed to make final offers.

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