Merricks Capital secures undertakings from defecting employees

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Melbourne-based hard assets investment manager Merricks Capital has won undertakings from its ex-managing director and two former employees who defected to an investment boutique run by financial commentator Peter Switzer and his son Marty. 

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FWC upholds ‘tragic’ sacking of Qantas engineer who refused COVID-19 vaccine

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Qantas’ termination of a long-serving engineer who refused to get vaccinated against COVID-19 because he “feared for his life” was a “tragedy” but not unlawful, the Fair Work Commission has found.

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Confidentiality no ‘excuse’ for Apple refusing to hand over docs in patent dispute, court told

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An Australian non-practicing entity alleging Apple’s Touch ID and Face ID technology infringes its patents has accused the Silicon Valley company of refusing to comply with court orders to hand over documents.

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Law firm scolded by judge for ‘highly unsatisfactory’ social media post in Kumova trial

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A judge has pulled up a law firm over a tweet it published about defamation proceedings brought by investor Tolga Kumova, telling a barrister during the trial Thursday to counsel his instructing solicitors about the “highly unsatisfactory” social media post.

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Law firm behind ANZ, Westpac flex commission cases to try again for contingency fees

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The law firm that lost the first ever application for a group costs order in class actions against ANZ and Westpac has indicated it will revive its bid, tweaking a retainer agreement with group members in hopes of winning the court’s approval this time.

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Cosmetic surgery clinic faces class action probe over malpractice claims

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A class action investigation is underway against Cosmos Clinics Australia after an investigative  report by Fairfax uncovered what it said was a “litany of troubling practices” at its clinics around Australia.

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Macquarie not to blame for $2.9M theft by adviser, court told

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Macquarie Bank has denied liability for a financial adviser’s theft of $2.9 million in customer funds, which the Australian Securities and Investments Commission alleged was caused by the bank’s failure to monitor third-party withdrawals.

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Investor Tolga Kumova admits to $4.8B valuation error in defamation row

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Former Young Rich Lister Tolga Kumova has admitted to publishing an inaccurate tweet about the value of a mineral resource owned by a zinc producer of which he was a director, agreeing at trial in his defamation case that he was off by $4.8 billion.

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Samsung hit with $14M penalty for misleading Galaxy waterproof claims

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Samsung Australia has been slapped with a $14 million penalty for running ads that misrepresented that its Galaxy smartphones could be used in pool and sea water.

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