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Seeking $150M penalty, ASIC says Cigno, BSF can’t rely on Piper Alderman advice
ASIC says payday lenders Cigno, BSF and their directors should pay $150 million in penalties, arguing a judge should not have found they were entitled to a reduced $7 million in penalties because they had relied on legal advice from Piper Alderman.
Ousted Australian Film Institute CEO drops bid for reinstatement
The former CEO of the Australian Film Institute, who alleges he was ousted through a sham redundancy, has dropped his bid for reinstatement.
Former Woolworths exec claims ‘boys club’ culture in Fair Work suit
Supermarket giant Woolworths has been hit with a lawsuit by a former senior executive who claims she was forced to work up to 90 hours per week and was subjected to a "boys club" culture.
Humm founder steps down from board after Takeovers Panel ruling
The founder of fintech Humm Group has agreed to step down from the board as he brings a High Court challenge over a Takeovers Panel ruling that found unacceptable circumstances in relation to a $385 million takeover offer by Credit Corp. 
Lander & Rogers nabs Corrs finance partner
Lander & Rogers has nabbed a finance partner from Corrs Chambers & Westgarth, who says his clients have been enthusiastic about his shift to a somewhat smaller firm. 
Construction PRO
Solicitor’s knowledge of Ray White deal security imputed to client: court
An appeal by the buyers of a $2.3 million real estate business on the NSW Central Coast has fallen short, with a court finding that their solicitor's knowledge of a security charge was properly imputed to them. 
Former Boral execs mull lawsuit over cut to long-term incentives
Boral's former CEO Zlatko Tordorcevski and ex-CFO Tino La Spina have been granted discovery as they mull possible claims against their former employer for curbing their long-term incentive entitlements when they left in 2022.
Ex-Humm Group chair asks High Court to overturn ruling
Former Humm Group chair Andrew Abercrombie wants the High Court to overturn a Takeovers Panel ruling that found he misled investors about a takeover bid by Credit Corp.
PMFresh directors accused of funnelling cash can’t retract admissions
Two former directors of food supplier PMFresh can't withdraw admissions in a case alleging they used company funds for personal benefit, despite a related police investigation.
BCC, Tokio Marine have mixed success in Greensill privilege spat
Lender White Oak may argue that settlement communications in proceedings over the collapse of supply chain finance company Greensill were in furtherance of fraud and should be turned over, after partially succeeding in a privilege fight with insurers BCC Trade Credit and Tokio Marine.