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Blue Sky Alternative Investments has asked Australia's corporate watchdog to investigate US hedge fund Glaucus for market manipulation, after a scathing report by the fund last week sent Blue Sky's stock into a tailspin and raised the prospect of a shareholder lawsuit.
Blue Sky Alternative Investments could be facing a class action after a report by a U.S. hedge fund that found the Australian fund manager had exaggerated its assets under management and the performance of its investments, while also collecting excessive management fees.
Myer and its law firm Clayton Utz have won a ruling from the Supreme Court of Victoria ordering the department store's landlords at Chadstone Shopping Centre to pay its full legal bill after it won a multi-million dollar dispute over the terms of their lease.