Nuix ex-CEO not entitled to ‘special treatment’, trial judge told

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The former boss of embattled tech company Nuix is asking for “special treatment” by arguing he is owed $183 million in options under a 2008 agreement, a judge has heard on the first day of trial in the ex-CEO’s case.

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‘Where are our rights?’: ASIC wants to be heard in privilege row over PwC report

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ASIC has renewed its bid to see a PricewaterhouseCoopers report commissioned by TerraCom in order to defend the coal mining company’s appeal of a judgment that found the regulator could view the report because of public statements made by the company.

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Google must pay indemnity costs for ‘untenable defences’ in Barilaro defamation case

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A judge has ordered that Google pay indemnity costs to former deputy premier of NSW John Barilaro, in addition to $7150,000 in damages over a “relentless, racist, vilificatory, abusive and defamatory campaign” by YouTube commentator Jordan Shanks that the tech giant “did nothing” to stop.

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Banksia class action solicitor suspended from roll for two years

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The solicitor found to have acted as a “postbox” to hide conflicts of interest in the class action over Banksia Securities’ collapse has been suspended from the roll of practitioners in Victoria for two years, after a judge found he was presently unfit to practice.

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Kumova extolled mining company in tweets then sold $24M in shares, defamation trial told

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Former Young Rich Lister Tolga Kumova sold $24 million worth of shares in mining company after publishing positive social media posts about its prospects, a court has heard in a defamation trial over allegations he engaged in insider trading and pumping and dumping. 

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Appeal lodged in class action by cruise voyagers forced to take the bus

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Cruise operator Scenic Tours is appealing a courtroom loss that could see it owing $25 million in damages in a class action by travelers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus from city to city due to heavy rain and high water levels.

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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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