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A settlement has been reached that brings an end to a class action against a Queensland law firm for allegedly charging personal injury clients excessive fees but does not resolve the claims of group members.
Receivers, not just liquidators, can distribute assets to satisfy priority claims of an insolvent company's employees, a judge has ruled, settling a question of law under the Corporations Act.
Mach Energy is fighting a second lawsuit by a former director alleging he is owed $13 million in shares under an equity incentive scheme based on the performance of the Mount Pleasant coal project acquired from Rio Tinto in 2016.