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Nimble Money wins appeal in shareholder’s bid to peek at books
Appeals 2022-08-08 11:03 pm By Cindy Cameronne Sydney

The largest shareholder in payday lender Nimble has lost its challenge to a decision blocking it from accessing company documents about an impending debt refinance, with an appeals court finding the investor’s concerns had “an air of commercial unreality”.

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‘No brainer’ that Arrium was failing when directors drew down funds, court told
Amy Munro 2022-08-02 11:09 pm By Cindy Cameronne Sydney

Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse, saying it was a “no brainer” that the company was in dire straits when its directors sought extra funds.

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Gilbert + Tobin snaps up K&L Gates construction global co-head
Business of Law 2022-07-21 9:43 pm By Cindy Cameronne Sydney

Gilbert + Tobin has lured K&L Gates’ global co-head of construction to join its energy and infrastructure practice in Melbourne. 

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Izuzu targeted in class action investigation over allegedly defective utes
Automotive 2022-07-19 5:22 pm By Cat Fredenburgh Melbourne

The law firm whose probe into allegedly defective diesel particulate filters in Toyota cars has led to a verdict worth as much as $2 billion against the car maker has launched a class action investigation into diesel particulate filter issues with two models of Isuzu utes.

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Nuix slams class action carriage agreement as ‘anti-competitive’
Banton Group 2022-07-18 4:18 pm By Sam Matthews Melbourne

Shine and Phi Finney McDonald’s fallback plan to cooperatively run a class action against Nuix has come under fire, with the technology company urging the court to make the two firms compete against one another for sole carriage.

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Kahlbetzer family wins $30,000 lawsuit against sacked investment manager
Employment 2022-07-18 11:48 am By Cindy Cameronne Sydney

A court has ordered a consultant at Kahlbetzer family investment vehicle Twynam Investments to pay a $30,000 judgment for allegedly breaching confidentiality obligations in her contract. 

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Reflex fails to prove invalidity of Globaltech patent for devices sold to Boart Longyear
Adrian Ryan 2022-07-14 2:03 pm By Cindy Cameronne

Technology company Reflex Instruments has lost its challenge to rival Globaltech’s patent for two mining survey tools, with a judge finding Reflex had not established the technology wasn’t novel and lacked an inventive step.

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‘What are solicitors doing writing press releases?’ Tolga Kumova trial judge asks
Barry Dean 2022-07-07 4:05 pm By Cindy Cameronne Sydney

A judge has questioned why solicitors representing Twitter personality Stock Swami published a media release about his “backstory” two days before trial in a defamation case brought by mining investor Tolga Kumova.

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Tolga Kumova’s tweets ‘clearly apt to mislead’, judge says
Barry Dean 2022-07-06 7:49 pm By Cindy Cameronne Sydney

A judge overseeing a defamation case brought by Tolga Kumova against Twitter personality Stock Swami has said tweets the mining investor published which allegedly spruiked shares in which he invested were “clearly apt to mislead”.

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No smoking gun, but Stock Swami likely to face contempt charge
Barry Dean 2022-07-05 4:56 pm By Cindy Cameronne Sydney

Mining investor Tolga Kumova is “likely” to go after Twitter personality Stock Swami for contempt of court after he admitted he lied and withheld evidence in a defamation case, despite a judge saying there was “no smoking gun”.

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