AGL dodges green shareholder’s challenge to demerger scheme booklet

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AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.

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Apple faces battle to protect Touch ID source code in patent stoush

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Apple is “unlikely” to avoid production of the source code for its Touch ID and Face ID technology to an Australian non-practicing entity that has sued the Silicon Valley company for patent infringement, a judge has said.

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ABC’s ‘fool’ claims shot down in defamation suit over ‘Putin’s Patriots’

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A judge has struck out part of the ABC’s defence in a lawsuit by the head of Russian motorcycle club Night Wolves over an allegedly defamatory Four Corners report.

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GST class action likely to be dropped after funder bows out

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The future of a class action against a Canberra property developer accused of misleading investors about GST on their apartments is in doubt after the litigation funder withdrew support for the “uneconomic” case.

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‘Not good enough’: Judge urges HWL Ebsworth to rethink defence in partner spat

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HWL Ebsworth has been taken to task for its spare defence in a $4.4 million lawsuit by a former capital partner, with a judge saying the court was entitled to know how the law firm relied on the partnership deed to deny the solicitor’s right to an equitable share of firm profits.

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‘Just a fishing expedition’: Quintis class action can’t see EY meeting docs

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Shareholders bringing a class action against Quintis have lost their bid for Ernst & Young to hand over documents from two meetings with a director of the sandalwood supplier, after a judge found they did not get “within a bull’s roar” of showing the accounting firm’s discovery was inadequate.

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No penalty for IOOF unit RI Advice in ASIC’s novel cybersecurity case

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IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator’s legal costs.

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ASX wants $3M security for costs from iSignthis after Cyprus move

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The Australian Stock Exchange is seeking $3.25 million in security for costs as it defends a $464 million lawsuit brought by fintech firm iSignthis, a move spurred on by the 2021 demerger of iSignthis and ISX Financial EU.

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