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A SkyCity shareholder has lost his bid to bring a case against former executives and directors at the ASX-listed casino seeking to recoup a $67 million penalty over breaches of money laundering regulations.
A former principal at law firm BlackBay accused of taking confidential client information to launch a rival law firm has lost his bid to file a new defence, with a judge calling the new pleadings "confused".
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were "very significant".
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees.
Electro Optic Systems has admitted continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts, with ASIC filing a $4 million lawsuit against the defence firm and another against its co-founder.
Construction PRO
Real estate asset manager Dexus has won access to advice given by the lawyers of two shareholders of airport operator APAC over an alleged breach of a shareholder deed.
A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.
Construction PRO
Developer Villawood has lost a bid to add its director’s three daughters to a lawsuit over an alleged "dishonest and fraudulent design” to divert valuable management fees for a development in Wallan, Victoria.
Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for "intemperate" remarks its founder made in the media about the legal system.
A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.