Opal Tower unit owners launch multi-million dollar class action

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A class action has been filed against a NSW state government-controlled entity over Sydney’s scandal-plagued Opal Tower, in a claim that is expected to seek millions of dollars of compensation on behalf of hundreds of apartment owners.

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Ex-Tennis Australia’s Harold Mitchell wants ASIC’s evidence from deceased former director

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Ex-Tennis Australia director Harold Mitchell, facing enforcement action by ASIC alleging he breached his duties in awarding Australian Open broadcast rights to the Seven Network, has asked a court for all evidence the regulator obtained from former board member Graeme Holloway, who died in February.

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Stock exchange must hand over docs after investment firm’s suspension

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A judge has given the all-clear to an investment management company to access evidence for potential legal action against the National Stock Exchange of Australia after the firm’s shares were suspended without warning or explanation.

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Landmark offers to shed stores to win ACCC blessing for $469M Ruralco takeover

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Rural supply giant Landmark’s has offered to sell three stores to win Australian Competition and Consumer Commission approval for its proposed $469 million takeover of competitor Ruralco, a move that would consolidate two of the three largest players in the rural merchandise market.

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Coles claim for $40M in refunds for lost fuel ‘completely unreal’, ATO tells court

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A claim by Coles for $40 million in tax credits for fuel that evaporates or leaks from the 3,000 tanks at its service stations — based on an argument that the company buys extra fuel to account for the loss — is “completely unreal”, a lawyer for the tax office told a court Monday.

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MediaCom exec claims he was fired for depression

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One of the top executives of MediaCom has filed a lawsuit against the media agency claiming he was fired and also passed up for promotion after requesting flexible working arrangements to accommodate his worsening depression.

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Judge discontinues Queensland legal fees class action

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A judge has discontinued a class action brought against a Queensland law firm over allegedly non-compliant conditional costs agreements, after finding no evidence that anyone other than the lead plaintiff was interested in bringing a claim.

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Class action dropped against failed financial planner Navra Group

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The applicants in a class action against Navra Group have dropped their case after group members settled their claims in a separate proceeding with the defunct financial planner’s liquidators.

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