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Network Ten will be forced to transfer the entirety of its shares in joint venture TX Australia to rival free-to-air networks Seven West Media and Nine Entertainment for a paltry $1, following a court ruling Tuesday.
Financial complaints board takes shape
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The Australian Financial Complaints Authority is gearing up for a launch later this year, with four new board members announced this week.
Heinz appeals ruling over sugary kids snacks
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H.J. Heinz Company Australia Ltd has filed an appeal after a Federal Court found it made misleading claims about the health benefits of its Little Kids Shredz products.
Wheelie bin battle rolls into damages phase
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Wheelie bin maker Mastec Australia needs a broad range of evidence to calculate the damages resulting from the misuse of its bin designs by rival Trident Plastics, a court heard Monday.
Funder feud could force Bannister Law off Ford class action
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A dispute with litigation funder Martin Place Litigation Services has cast doubt over whether Bannister Law can continue to lead a massive class action against Ford, the Federal Court heard Tuesday.
Judge oks brother’s suit against LiveTiles CEO Karl Redenbach
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The founder of Microsoft solutions provider nSynergy has been given the greenlight to bring a derivative suit against his brother and co-founder Karl Redenbach, alleging Redenbach diverted tens of millions of dollars in nSynergy’s assets — including software company LiveTiles.
Ultra Tune’s misleading conduct “egregious”, ACCC tells court
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Ultra Tune was “cavalier and careless” in its attitude towards its franchisees, the ACCC told the Federal Court Tuesday at the start of a four-day hearing in a case alleging the national car repair business failed to comply with the Franchising Code and breached the Australian Consumer Law.
Judge denies bid to peek at Cape Lambert books
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A judge has denied a bid by corporate advisory firm Leadenhall Australia to have a peek at the books of mining company Cape Lambert Resources, in a dispute over a $4 million share placement that left Leadenhall with a diluted stake in the company.
Maurice Blackburn to lead consolidated Sirtex class actions
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A judge on Tuesday consolidated two shareholder class actions against life sciences company Sirtex Medical and appointed Maurice Blackburn as lead lawyers for the joint proceedings.
ASIC expands case against Rio Tinto
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The Australian Securities and Investments Commission has broadened its case against Rio Tinto and two former executives and is seeking extra penalties.