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A judge has declined to pass on a senior barrister’s $18,000 cancellation fee as part of an adverse costs order for a vacated trial, noting that such fees are not standard or common practice.
Virgin says funder’s $5M security in investor class action ‘unsatisfactory’
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Virgin Airlines has argued a litigation funder’s indemnity for its legal costs is not enough for it to bring a class action on behalf of bond holders over a 2019 prospectus, claiming the airline expects to spend more than $5 million defending the proceedings.
‘You’re such a feminist’: Ambulance Victoria sued for sex discrimination
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Ambulance Victoria is being sued by a former executive who claims she was not treated the same as her male colleagues and was subject to “disrespectful, undermining” conduct from senior colleagues.
Class action wants insurance policy info from Dixon Advisory
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A class action on behalf of former clients of collapsed wealth manager Dixon Advisory has filed a court bid for information on any insurance policy held by the business that might cover the mammoth claims, estimated to be worth between $278 million and $463 million.
Nimble Money wins appeal in shareholder’s bid to peek at books
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The largest shareholder in payday lender Nimble has lost its challenge to a decision blocking it from accessing company documents about an impending debt refinance, with an appeals court finding the investor’s concerns had “an air of commercial unreality”.
Full Court shoots down appeal by former Blue Star Helium CEO
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The Full Federal Court has dismissed former Blue Star Helium CEO James Cruickshank’s challenge to a $40,000 penalty and four-year ban for failing to disclose to shareholders the identity of the buyer behind a botched sale of Texas oil assets.
Mitsubishi loses appeal, court finds Triton fuel economy label misleading
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Mitsubishi Motors has lost its legal challenge to a decision that found it made misleading fuel efficiency representations on a label affixed to the windshield of a Triton 4WD sold in 2017.
‘Serious allegations’ against Pitcher Partners to be heard in NSW
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A judge has denied a bid by accounting firm Pitcher Partners to transfer a $127 million lawsuit brought by the Twigg family, saying he was best placed to hear “serious allegations” the firm helped race car driver Max Twigg give a false understanding of his company’s assets.
IPO Wealth trustee refusing to leave rooms at Yarra Valley Lodge, suit says
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A Melbourne-based investment management group is refusing to vacate two rooms forming part of a managed investment scheme at the Yarra Valley Lodge Hotel, according to a lawsuit filed by the Australian and Pacific Investment Corporation.
$44.5M Woolworths class action settlement OKd but firm’s fees yet to be approved
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A judge has signed off on a $44.5 million settlement of a shareholder class action against Woolworths, which includes a $4.73 million funding commission, but the amount of fees to be paid to the law firm running the case remains to be decided.