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Cargill wins bid to call King & Wood Mallesons solicitor as a witness
Trials 2018-09-11 11:29 pm By Cat Fredenburgh

A judge has granted Cargill Australia’s request to call a King & Wood Mallesons solicitor that represented Viterra as a witness in the epic trial over the $420 million sale of Viterra’s Joe White business to Cargill in 2013.

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Mortgage firm can’t shut down derivative suit over Macquarie Bank sale
Appeals 2018-09-11 5:49 pm By Christine Caulfield

Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder’s derivative lawsuit against company directors and Macquarie Bank over the sale of 25 percent of the business to the bank.

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Banksia class action funder avoids extra costs despite ‘ulterior motive’
Class Actions 2018-09-07 10:42 pm By Christine Caulfield

The litigation funder that unsuccessfully sought to block a shareholder from opposing a $64 million class action settlement over the collapse of Banksia Securities is not on the hook for indemnity costs despite bringing the injunction with an ulterior motive.

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Westpac close to settling ASIC’s responsible lending case
Financial Services 2018-09-03 9:27 pm By Miklos Bolza

A trial set to begin Monday morning in ASIC’s landmark case against Westpac alleging the bank breached responsible lending laws was postponed amid settlement talks, which were expected to continue into the evening.

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Deloitte fights order denying privilege in Hastie class action
Appeals 2018-08-31 2:13 pm By Cat Fredenburgh

Auditing firm Deloitte Touche Tohmatsu wants to challenge a ruling that forces some of its partners to hand over evidence to  shareholders in a class action over accounting work for collapsed engineering company Hastie Group.

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Glencore in-house counsel denied access to Cargill deal docs
Trials 2018-08-27 6:13 pm By Cat Fredenburgh

A judge has ruled in-house counsel at Glencore can’t view “highly confidential” documents related to the possible sale by Cargill of its Joe White malt business.

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Kraft can bring new claims against Bega mid-trial
Competition & Consumer Protection 2018-08-22 8:00 pm By Cat Fredenburgh

The long, complex battle over who owns the rights to the Kraft peanut butter trade dress just promised to get longer, with Kraft winning approval to bring fresh allegations against Bega mid-trial.

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Ex-mining boss Darren Lind found guilty of insider trading
White Collar 2018-08-21 10:05 pm By Christine Caulfield

A jury has found the former managing director of South Australian mining exploration company Golden Fields Resources guilty of two counts of insider trading, the corporate regulator said Tuesday.

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Viterra points finger at ex-employees in trial over $420M Joe White sale
Trials 2018-08-20 9:44 pm By Cat Fredenburgh

Viterra is blaming several former employees for representations made about malt quality in the lead-up to the $420 million sale of its Joe White business to Cargill Australia in 2013.

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High Court to hear ASIC appeal in outback book-up case
Appeals 2018-08-20 11:25 am By Christine Caulfield

The corporate watchdog has won special leave to appeal to the High Court a ruling that found a general store owner in outback South Australia who sold cars by “book up” had not acted unconscionably.

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