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The mastermind behind an alleged fraudulent scheme by members of the legal team running the class action over the collapse of Banksia Securities was a “brilliant operator”, his son has told a court.
Funder’s involvement in Spotless class action settlement was ‘inappropriate’, judge finds
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A judge has found that a litigation funder’s involvement in settlement negotiations without the presence of the applicant’s lawyers in a shareholder class action against Spotless Group, which recently settled for $95 million, was “inappropriate”.
Elaine Stead accuses AFR ‘gossip monger’ of misogynist attack as defamation trial kicks off
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Former Blue Sky Capital venture capitalist Dr Elaine Stead is seeking over $671,000 in damages from the publisher of the Australian Financial Review over two articles she describes as a “misogynist attack” and “vitriolic abuse” that did significant damage to her professional reputation.
‘You better go and speak to your dad, little girl’: Former Hendry Group CEO files $1.5M sex discrimination suit
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The former CEO of Melbourne business consultant Hendry Group has launched legal action against fund manager Salter Brothers and a number of top executives alleging they engaged in unlawful sexual discrimination and harassment while also failing to investigate these allegations and pay her entitlements after suspending her.
Freedom Foods, Deloitte face class action investigation over accounting scandal
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Freedom Foods and its auditor Deloitte are facing a class action investigation after a bombshell announcement of more than $590 million in write-downs stemming from accounting irregularities stretching back several years.
Coca-Cola Amatil infringed container patent, lawsuit claims
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Coca-Cola Amatil is facing a lawsuit for allegedly infringing an Australian company’s patent for a drink container allegedly used in popular products like Mount Franklin water and Powerade sports drink.
ACCC accuses pharma company Alkaloids of price fixing scheme over generic Buscopan
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Pharmaceutical ingredients company Alkaloids of Australia and former export manager Christopher Joyce have been charged over a cartel following a price-fixing investigation by the ACCC linked to the active ingredient in stomach cramp drug Buscopan.
ASIC takes CBA to court over $2.9M in overcharged interest
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The Australian Securities and Investments Commission has filed civil penalty proceedings against the Commonwealth Bank of Australia for allegedly saddling consumers with $2.9 million in inflated interest rates on their business overdraft accounts on more than 12,000 occasions.
Settlement reached in Illinois Tool Works lawsuit over concrete patent
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An Australian concrete product maker has settled a lawsuit brought by US industrial equipment manufacturer Illinois Tool Works over its patents for precast concrete products.
Class action funder Mark Elliott did not need a righthand man, Banksia silk says
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The son of the lawyer and funder at the centre of an alleged fee scandal in the Banksia Securities class action was not his father’s righthand man because the late Mark Elliott did not need a righthand man, his co-accused, former senior barrister Norman O’Bryan, has told a court.