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Two former Dick Smith executives have settled with the receivers of the defunct electronics retailer, dropping a High Court appeal over an $11.8 million ruling.
NAB ‘obliged’ to charge adviser fees at issue in class action, court told
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NAB unit NULIS Nominees was not only allowed to charge superannuation fund members fees for adviser commissions, it was “obliged” to do so, a court has heard during a class action trial over alleged conflicted remuneration.
Ben Roberts-Smith to pay $1M in security in defamation appeal
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Former SAS corporal Ben Roberts-Smith has been ordered pay $910,000 in security for costs as he appeals a defamation ruling that found he committed murder in Afghanistan and was not a reliable witness.
Benjamin Hornigold sues ex-directors, investment manager over $4M in loans
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Investment fund Benjamin Hornigold has sued two former directors and its investment manager John Bridgeman Limited over a decision to enter into $4 million in loans.
Seven year-long investor class action over AFSL ‘racket’ headed to High Court
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A class action against a director of defunct financial services firm Hodgson Faraday is headed to the High Court after seven years of litigation, with the director appealing findings that he was involved in misleading South Korean investors.
Paralympian’s defamation case over Facebook ‘cheat’ comment fails serious harm test
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A judge has dismissed a Paralympian cyclist’s defamation suit over a Facebook comment by a former girlfriend, finding he suffered no serious harm from the comment, which accused him of lying about his disability.
ACCC gives green light to $18.7B acquisition of Origin Energy
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The ACCC has approved the buyout of Australian energy giant Origin Energy, after finding that significant competition concerns were outweighed by the likely benefits to the country’s transition to renewable energy.
Ex-CEO of stockbroker BBY charged with aiding fraud
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The former CEO of collapsed Sydney stockbroking firm BBY Limited has been charged with two counts of aiding, abetting, counselling or procuring fraud.
Advisory firm Teneo bought Anna Whitlam’s company, now she’s suing
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A talent scout whose company was acquired by Teneo is suing the Australian arm of the global CEO advisory firm, alleging she endured 16-hour workdays and was exposed to a toxic, male-dominated work culture.
Diversity, merit not at odds, say backers of Vic Bar constitutional amendments
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Diversity and merit are not mutually exclusive, say supporters of changes to the rules governing barristers in Victoria, which will add to the Bar’s stated aims fostering inclusiveness and preventing discrimination.