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A former director of Australian Mines has copped at $70,000 penalty in ASIC proceedings accusing him of making false and misleading representations at mining investment conferences in 2018.
Insurance Australia agrees to $40M penalty in ‘very serious’ case over unpaid discounts
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Insurance Australia has agreed to pay a $40 million penalty in a case by the Australian Securities and Investments Commission alleging it short-changed NRMA customers a staggering $60 million in promised loyalty discounts.
High Court challenge could clarify scope of reliance damages
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A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.
Leading commercial silk appointed to NSW appeals court
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A silk who represented mining giant Wright Prospecting in long-running litigation over the Hope Downs mine has been appointed to the bench of the NSW Court of Appeal.
7-Eleven class action judge OKs $2.25M in costs of settlement approval argument
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A judge overseeing two 7-Eleven class actions has signed off on $2.25 million in costs incurred by the funder and lawyers in their pitched battle to win approval for the terms of a $98 million settlement, which included deductions of more than $44 million to cover commission and fees.
Veolia wins discovery for potential case against EnergyAustralia
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Save (1) Please login to bookmark Close Username or Email Address Password Remember Me Water services company Veolia Water Australia has won its bid for EnergyAustralia and two mining companies to hand over information about the quality of mine water they send for treatment, with a judge finding it could be “materially worse” than promised. …
Art school resolves former dean’s dismissal-by-Instagram case
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The former dean of a Melbourne art school has resolved her case alleging she was unfairly sacked via Instagram direct message while on annual leave.
University of Technology Sydney to backpay staff $4.4M
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The University of Technology Sydney will backpay staff more than $4.4 million, plus $1.3 million in superannuation and interest, after agreeing to an enforceable undertaking with the Fair Work Ombudsman.
Lenders of collapsed Arrium lose appeal over directors’ loan drawdowns
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Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook for alleged misleading representations on loan drawdown notices ahead of its $2.8 billion collapse.
IG Markets hit with class action over risky CFDs
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IG Markets has been hit with a class action on behalf of up to 20,000 everyday investors who have allegedly lost hundreds of millions of dollars trading in risky financial products known as contracts for difference, or CFDs.