Builder Kuatro fails in appeal in SOPA case against Elite Formwork

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A court has ordered builder Kuatro Build to pay concrete subcontractor Elite Formwork more than $500,000 in progress payments for work on a Sydney development, finding no error in an adjudicator’s determination.

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$43M class action settlement fair in light of Noumi’s financial position, court told

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A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.

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Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case

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A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.

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Former CFMEU boss misses deadline for defence in FWO case

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Former CFMEU Victorian branch boss John Setka has defaulted on a deadline to file a defence in a case over alleged attempts to have the AFL sack its head of umpires, who previously led the construction watchdog.

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Citing financial uncertainty, Star says trial in AUSTRAC case should not wait

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Embattled casino operator The Star says a trial in AUSTRAC’s case should not be delayed until the finalisation of a $300 million buyout offer from Balley’s, as suggested by the financial crimes watchdog.

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$64.25M settlement in MLC Super class action on ‘higher end’, court told

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A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”. 

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