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An Australian designer of a trendy neoprene handbag sold at high-end department stores has lost an appeal which challenged a judge’s finding that its flagship bag was not a work of artistic craftsmanship.
IOOF unit settles ASIC’s cybersecurity test case
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IOOF unit RI Advice has agreed to settle novel proceedings brought by the Australian Securities and Investments Commission claiming it failed to protect its clients against cybersecurity risks.
Sydney-based investment firm faces racial discrimination suit
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The top brass of Sydney-based investment firm Curve Securities have been named in a racial discrimination lawsuit filed by a former employee.
Judge baulks at funder’s 70% commission for case over NewSat collapse
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NewSat investor Rockgold Holdings has lost its bid to appoint a special purpose liquidator to run a lawsuit against eight major banks after a judge found its proposed 70 per cent funding fee “wholly disproportionate”.
High Court refuses leave to class action in GST case against developer
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The High Court won’t hear a challenge to a decision finding a Canberra property developer that misled investors about GST on its apartments did not have to pay for losses alleged in a class action against it.
Melissa Caddick’s unemployed husband stakes claim to homes, cars
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The husband of Sydney conwoman Melissa Caddick has staked his claim to a share of his late wife’s estate, and asked the court to deliver up a bundle of property, including Caddick’s Gucci wedding dress.
Rentokil wins $3.4M judgment against ex-supply manager over fraudulent invoice scam
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Pest control giant Rentokil has won its case against a former manager over an alleged multi-million dollar fraudulent invoice scheme, with a court ruling the company is owed $3.38 million plus almost $200,000 in interest.
Another aggrieved partner takes HWL Ebsworth boss to court
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HWL Ebsworth managing partner Juan Martinez is yet again the target of a lawsuit, the latest claiming he committed a “fundamental breach” by locking a capital partner out of the office and withholding profits after the partner gave notice.
Commissioner with frequent flyer card won’t recuse himself from Virgin vaccine challenge
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Fair Work Commissioner Nick Wilson has dismissed a recusal bid by nine former Virgin employees who argued his frequent flyer membership with the airline meant he was unable to hear their cases.
ASIC suspends Dixon Advisory’s financial services licence
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In yet another blow for the embattled wealth manager, the Australian Securities and Investments Commission has suspended Dixon Advisory’s financial services licence.