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Fitch settles investor class action over credit ratings on toxic SCDOs
Exclusive July 19, 2019 10:56 am By Christine Caulfield

Fitch Ratings has agreed to settle the last of the investor class actions in Australia flowing from the global financial crisis, a court heard Friday. […]

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Judge refuses ‘queue jumping’ request in Sirtex CEO insider trading case
White Collar July 19, 2019 1:12 pm By Miklos Bolza

An application by the former boss of Sirtex Medical for a sentencing date in the insider trading case against him has raised the ire of a NSW District Court judge, who called the bid premature and an attempt to jump the queue.

Investors set to get 40% of settlement in class action against Westpac’s BankSA
Class Actions July 19, 2019 3:12 pm By Christine Caulfield

Group members in a recently settled class action against Westpac unit BankSA over its conduct in connection with convicted Ponzi schemer Michael Samra are expected to get 40 percent of the confidential settlement, a result a judge said wasn’t as bad as he might have feared.

Ex-MP Emma Husar ‘very close’ to settling defamation case against Buzzfeed
Defamation July 19, 2019 3:22 pm By Amelia Birnie

Lawyers for media outlet Buzzfeed say they are “very close” to settling a defamation case brought by former Labor MP Emma Husar, over an article that accused her of sexual harassment and exposing herself in a manner made famous by Sharon Stone in the movie Basic Instinct.

NSW Ports slams ACCC’s competition constraint claims as ‘slight or hypothetical’
Competition & Consumer Protection July 19, 2019 3:38 pm By Miklos Bolza

NSW Ports Operations has denied claims that an agreement for the privatisation of its subsidiaries Port Botany and Port Kembla stymied competition, describing the allegations made by the Australian Competition and Consumer Commission as “slight or hypothetical”.

Jailed Healthzone CEO loses ‘armchair appeal’ of fraud conviction
White Collar July 19, 2019 3:06 pm By Christine Caulfield

The jailed former CEO of defunct health food business Healthzone has lost his appeal of a criminal conviction and sentence over a conspiracy to fraudulently use a $1 million company bank loan to repay personal debts.

Ex-Norton Rose lawyer can appeal privilege ruling over partner communications in feud with firm
Employment July 18, 2019 10:19 pm By Cat Fredenburgh

A terminated Norton Rose Fulbright partner has won a bid to challenge a ruling in his dispute with the law firm that denied him access to communications between partners on the grounds that the documents were privileged.

Celebrity chef George Calombaris back-pays $7.8 million to underpaid staff
Employment July 18, 2019 2:24 pm By Amelia Birnie

The Melbourne restaurant group founded by celebrity chef George Calombaris has back-paid $7.8 million to more than 500 workers, after a Fair Work investigation uncovered significant staff underpayments.

Judge dismisses ‘puzzling’ bid to boot FW Projects liquidators
Restructuring & Insolvency July 18, 2019 8:49 pm By Miklos Bolza

Two construction companies have lost what a court has called a “puzzling” bid to oust the liquidators of collapsed FW Projects amidst a legal battle […]

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Guy Sebastian’s former manager admits to owing singer money, court hears
Entertainment July 18, 2019 1:25 pm By Miklos Bolza

Titus Day, former manager of pop star Guy Sebastian, admits that certain payments for promotional work should have been made to the singer, a court […]

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