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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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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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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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Law firm scolded by judge for ‘highly unsatisfactory’ social media post in Kumova trial
Barry Dean 2022-06-23 9:53 pm By Cindy Cameronne

A judge has pulled up a law firm over a tweet it published about defamation proceedings brought by investor Tolga Kumova, telling a barrister during the trial Thursday to counsel his instructing solicitors about the “highly unsatisfactory” social media post.

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Law firm behind ANZ, Westpac flex commission cases to try again for contingency fees
ANZ 2022-06-23 9:18 pm By Sam Matthews Melbourne

The law firm that lost the first ever application for a group costs order in class actions against ANZ and Westpac has indicated it will revive its bid, tweaking a retainer agreement with group members in hopes of winning the court’s approval this time.

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Investor Tolga Kumova admits to $4.8B valuation error in defamation row
Barry Dean 2022-06-23 1:44 pm By Cindy Cameronne Sydney

Former Young Rich Lister Tolga Kumova has admitted to publishing an inaccurate tweet about the value of a mineral resource owned by a zinc producer of which he was a director, agreeing at trial in his defamation case that he was off by $4.8 billion.

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Albanese government welcomes class action funder’s defeat of MIS regulation
Adam Hochroth 2022-06-17 10:48 pm By Christine Caulfield

The federal government said Friday it would consider the implications of an appeals court’s finding that the managed investment scheme structure was unsuited to class actions, a ruling it said was a victory for ordinary Australians and a vindication for Labor.

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