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A judge has questioned whether Macquarie Financial should get 70 per cent of an interim $102 million distribution to people who sank their retirement savings into Keystone’s Shield Master Fund, which is being investigated for misuse of investor funds.
Defunct forex broker Union Standard and its former agents have been hit with a combined $300.2 million penalty for “egregious” contraventions, including deliberately pushing risky derivative contracts onto inexperienced investors.
A Mitre 10 franchisee’s case alleging Bunnings engaged in anti-competitive conduct by launching a $36 million store in regional Queensland will have significance for other independent hardware retailers that have closed down, a court has heard.
A class action alleging Sportsbet provided unlawful gambling services plans to cross-examine its CEO over his claim the company would not have offered the bets if it knew they were illegal, with the court hearing he relied on legal advice.
Construction PRO
A developer has taken builder LU Simon to court, seeking an order that it pay $8.7 million in liquidated damages for failing to complete a $74 million residential development in Box Hill on time.
Construction PRO
The Fair Work Commission has rejected Japanese company Inpex’s urgent application to halt industrial action at its Darwin Ichthys onshore and offshore facilities, saying the company failed to prove the action would significantly disrupt the economy.
Construction PRO
Real estate investment trust GPT Group has dropped $1.19 billion to acquire interests in Queensland’s Sunshine Plaza and Campbelltown’s Macarthur Square shopping centre.
Oral care company Hismile has paid $138,600 in penalties after the consumer watchdog issued it with seven infringement notices over alleged false and misleading social media advertisements.
Venture capital firm EVP has won court approval to pursue claims against bankrupt Strongroom AI founder and former director Christopher Durre.
JB Hi-Fi will refund customers over $250,000 after the consumer watchdog raised concerns the electronics retailer's 'was/now' pricing campaign was misleading.