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Litigation funder shareholders battle over ownership
Buchanan Law Firm 2022-07-04 6:49 pm By Cindy Cameronne Sydney

Litigation funder Embedded Claims has filed court proceedings against one of its shareholders after its former bankrupt director “ineffectively” transferred off half of his shares.

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Stock Swami admits he lied to Tolga Kumova’s lawyers in defamation trial
Barry Dean 2022-07-01 2:16 pm By Cindy Cameronne

Twitter personality Alan Davison, who runs the account Stock Swami, has admitted he misled lawyers for mining investor Tolga Kumova and deliberately failed to obey court orders for discovery in cross-examination during a defamation trial. 

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Court finds sessional academic lecturer an employee, not a contractor
ATO 2022-06-30 5:14 pm By Cindy Cameronne Sydney

In its first decision applying a landmark High Court judgment redefining the test for when a worker is employed, the Federal Court has found a sessional lecturer for a higher education institution was an employee.

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Samsung Bioepis sues again to invalidate Humira biosimilar
Healthcare 2022-06-30 2:57 pm By Cindy Cameronne Sydney

Korean drug company Samsung Bioepis has filed a second lawsuit seeking to invalidate German drug company Fresenius Kadi’s patent for a biosimilar of blockbuster arthritis drug Humira.

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Stock Swami flies to Sydney for cross on ‘deficient’ discovery in Kumova trial
Barry Dean 2022-06-29 1:34 pm By Cindy Cameronne Sydney

The man behind the Stock Swami Twitter account is flying to Sydney for cross-examination after a judge halted a trial in mining investor Tolga Kumova’s defamation case, saying he had “no confidence whatsoever” the Twitter user complied with discovery obligations.

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‘You get him in the witness box’: Kumova trial on hold after judge questions Stock Swami’s discovery
Barry Dean 2022-06-28 9:25 pm By Cindy Cameronne Sydney

A judge has halted a defamation trial in a case brought by mining investor Tolga Kumova after saying he had “no confidence whatsoever” that the owner of Twitter account Stock Swami complied with discovery obligations.

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New Zealand should regulate class actions, allow CFOs: report
Class Actions 2022-06-28 12:35 pm By Cindy Cameronne Sydney

The New Zealand law commission has called on the government to implement a class action regime that would allow funders to seek the equivalent of a common fund order to “improve access to justice and efficiency in litigation”.

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Nuix ex-CEO not entitled to ‘special treatment’, trial judge told
Contracts 2022-06-27 6:55 pm By Cindy Cameronne Sydney

The former boss of embattled tech company Nuix is asking for “special treatment” by arguing he is owed $183 million in options under a 2008 agreement, a judge has heard on the first day of trial in the ex-CEO’s case.

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Kumova extolled mining company in tweets then sold $24M in shares, defamation trial told
Barry Dean 2022-06-24 6:17 pm By Cindy Cameronne Sydney

Former Young Rich Lister Tolga Kumova sold $24 million worth of shares in mining company after publishing positive social media posts about its prospects, a court has heard in a defamation trial over allegations he engaged in insider trading and pumping and dumping. 

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Confidentiality no ‘excuse’ for Apple refusing to hand over docs in patent dispute, court told
Angus Lang 2022-06-24 5:25 pm By Cindy Cameronne Sydney

An Australian non-practicing entity alleging Apple’s Touch ID and Face ID technology infringes its patents has accused the Silicon Valley company of refusing to comply with court orders to hand over documents.

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