Wotif founder ordered to pay $15M in aquaculture share dispute

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Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.

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Hall & Wilcox boosts finance, corporate expertise with hire of Reserve Bank deputy GC

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Hall & Wilcox has lured a senior finance, corporate and regulatory lawyer from the Reserve Bank of Australia, in what is being described as a major coup for the practice.

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Funder may walk if 40% group costs order rejected in Arrium class action

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A funder that’s helping foot the bill in a class action against Arrium’s former directors and KPMG may withdraw support if the law firm that’s running it is not granted an order awarding it 40 per cent of any award or settlement.

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Judgment leaves ‘thousands of businesses’ with valid COVID-19 claims, class action lawyer says

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An appellate victory by insurers in a test case over business interruption coverage for losses stemming from the COVID-19 pandemic does not spell the end to class actions brought on behalf of businesses whose claims were denied, according to a lawyer for the class actions.

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Virgin Australia may face class action over 2019 prospectus

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Virgin Australia is facing a shareholder class action investigation over representations made in a 2019 prospectus for a capital raising to fund its $700 million acquisition of the Velocity loyalty program, issued six months before the airline filed for administration.

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Maurice Blackburn ‘more savvy than the rest of us’, judge says in Fearless Girl spat

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A Full Federal Court judge has questioned whether law firm Maurice Blackburn was “savvy” to the origins of New York’s famous Fearless Girl statue when it launched a copycat marketing campaign in Melbourne’s Federation Square.

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Noumi to foot Blue Diamond’s legal bill as part of $48M settlement

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Noumi, formerly known as Freedom Foods, has agreed to pay $860,000 in Blue Diamond Growers’ costs as part of a $48 million settlement of a legal spat over a licensing deal to sell Almond Breeze milk, which the food maker unsuccessfully argued should be heard in Australia.

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GetSwift appeals judgment scathing of ‘PR-driven’ approach to disclosures

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Logistics company GetSwift and its directors are appealing a win for ASIC in the regulator’s case that alleged they breached their continuous disclosure obligations and engaged in misleading and deceptive conduct in the release of 22 ASX announcements.

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