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After losing a travel ban application against a Melbourne businessman as part of a probe into a failed investment fund, ASIC is now seeking freezing orders over his assets.
Origin faces shareholder class action over energy markets guidance
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Origin Energy has been hit with a class action alleging it breached its continuous disclosure obligations and misled the market in its earnings guidance for the 2022 and 2023 financial years.
Law firm might drop iPhone class action against Apple, court told
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A law firm that lodged a class action against Apple over “throttled” iPhones might discontinue the case without having served the US tech giant.
$20M settlement in NAB class action OK’d despite concerns over lawyers’ fees
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A judge has approved a $20 million settlement in a class action against NAB, despite initial concerns about the “moral hazard” of paying fees incurred by the applicant’s former lawyers to prepare “sub-optimal pleadings”.
No injunction against Mark Latham in case over homophobic tweet
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A judge has refused a bid by independent NSW MP Alex Greenwich for an injunction restraining former One Nation politician Mark Latham from repeating homophobic comments that were found to be defamatory.
Steller Developments liquidator loses $102M suit against ex-directors
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Collapsed Melbourne developer Steller has failed to convince a court that its founders and two former directors owe $101.9 million, with a judge rejecting claims that they personally guaranteed the company’s debt.
AirServices can’t get separate hearing in airport lease fight over PFAS
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A judge has rejected AirServices bid for a separate hearing on whether it was required to manage environmental issues outside of its leased site at the Launceston Airport in Tasmania.
Pipeline acquired by Conexa in $74.7M deal is taxable ‘land’: appeals court
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An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.
Developers’ email agreement on $1.3M loan not binding: appeals court
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An appeals court has tossed a challenge to a judge’s decision that found a property developer was required to return a $1.3 million loan, despite finding the judge erred in holding enforceable an agreement reached over email.
Merivale plans ‘landmark destination’ for car park in Melbourne’s CBD
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Melbourne City Council has approved the sale of an eight-storey car park on Little Collins Street to Merivale, which wants to convert the site into a hospitality hub.