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Lenders of collapsed Arrium lose appeal over directors’ loan drawdowns
Financial Services 2023-05-10 12:23 pm By Sam Matthews

Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook […]

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High Court grants special leave to Dick Smith execs
High Court 2023-04-21 11:57 pm By Cat Fredenburgh

The High Court has agreed to hear the appeals of two former Dick Smith exes following judgments that awarded a total of $55 million in […]

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Top 10 class action settlements of 2022
Top 10 Class Action Settlements 2023-01-06 3:23 pm By Sam Matthews

Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by […]

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Dick Smith execs ask High Court to toss case over final dividend
High Court 2022-09-29 10:33 pm By Cat Fredenburgh

Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for […]

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‘No brainer’ that Arrium was failing when directors drew down funds, court told
Restructuring & Insolvency 2022-08-02 11:09 pm By Cindy Cameronne

Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 […]

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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 […]

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Crown out of luck in $100M battle with ATO as High Court refuses leave
Appeals 2022-05-27 11:32 pm By Cindy Cameronne

The High Court has dismissed Crown Resorts’ bid for special leave to appeal in a $100 million dispute over GST assessments on commissions and rebates […]

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Law firm wants 25% of $56.3M Colonial class action settlement
Class Actions 2022-05-02 3:14 pm By Christine Caulfield

Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has […]

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Colonial First State settles MySuper class action for $56M on eve of trial
Class Actions 2022-04-04 2:59 am By Christine Caulfield

Colonial First State will pay $56.3 million to settle a class action that accused the wealth management group of delaying the transfer of $3.2 billion […]

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Court won’t let class action parties pay for judge to travel for Sydney trial
Class Actions 2022-03-10 3:41 pm By Christine Caulfield

The Federal Court won’t permit a Melbourne-based judge to travel to Sydney on the dime of the parties in a class action against wealth management […]

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