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Octet Finance has won a $38,000 judgment against the ex-CFO of defunct pie maker Mrs Mac’s, with a court finding he failed to correct a statement that the trade financier would likely be repaid in full following a $4 million recapitalisation.
Construction PRO
An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.
Nuix has lodged an appeal of a ruling finding it owes $20 million before its insurers will cover its legal bills for lawsuits over its $1.8 billion float.
Construction PRO
A judge has rejected a “finely balanced” application to transfer a court fight between Waratah Engineering and Wollongong Resources over mining equipment contracts to New South Wales.
Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.
The Uniting Church has asked the High Court to weigh in after an appeals court found insurer Allianz was not on the hook for claims of abuse at exclusive Sydney private school Knox Grammar.
Munich Reinsurance has been given the OK to bring additional claims in its $696 million lawsuit, which accuses AMP of misleading or deceptive conduct over a quota share agreement.
A lawsuit alleging accounting firm Pitcher Partners was involved in race car driver Max Twigg’s misappropriation of $127 million from his family has settled for $25 million plus costs.
The Full Court has found insurer Allianz is not liable to indemnify the Uniting Church for historic claims of sexual abuse at exclusive Sydney boys’ private school Knox Grammar.
The High Court has denied a bid for special leave by the Commonwealth Bank and other lenders to challenge a ruling that found two Arrium directors did not mislead them about loan drawdown notices ahead of the steel company's $2.8 billion collapse.