MFS execs lose appeal over $147.5M in misused funds

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Three former executives of failed Gold Coast finance company MFS Group have lost their challenge to a ruling that they misappropriated $147.5 million in funds prior to the company’s collapse.

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Leyonhjelm wants details on Sarah Hanson-Young’s sex life

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Liberal Democrat senator David Leyonhjelm, who is facing a defamation lawsuit by Greens senator Sarah Hanson-Young, is planning to compel Hanson-Young to describe her sexual relations with men.

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Bellamy’s ‘very ambitious’ in bid for $4.5M cost cap, judge says

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A judge looked dimly Monday on a pitch by baby food maker Bellamy’s to limit to $4.5 million the costs incurred by the law firms leading joint class actions against the company, saying the request was “very ambitious”.

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High Court to hear mortgage aggregator share transfer dispute

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The High Court has granted special leave to mortgage aggregator Connective in a dispute between the firm’s founder and major shareholders over a transfer of one-third of the company’s shares, in a case that could clarify whether litigation should be considered a prohibited form of financial assistance under the Corporations Act.

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Judge spurs ASIC to mediate in NAB fees for no service case

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A judge has pushed the Australian Securities and Investments Commission into mediation with two NAB wealth management units in its case over $100 million in fees for no service, despite the regulator’s contention that mediation is not the best way to move the case forward.

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Jetstar agrees to $1.95M penalty over misleading refunds policy

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Jetstar Airways has agreed to pay a $1.95 million penalty and admitted to making false and misleading representations about customer eligibility for refunds on cancelled flights, in breach of the Australian Consumer Law.

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