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Cryptocurrency class action faces knockout bid
Class Actions 2022-03-14 11:38 am By Sam Matthews Melbourne

The issuer of Gold Coast-based cryptocurrency Qoin has asked a court to throw out a class action alleging breaches of the ASIC Act and Australian Consumer Law in relation to the issue of the utility coin. 

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TerraCom can’t keep PwC report from ASIC investigators
Accounting 2022-03-11 10:14 pm By Christine Caulfield Melbourne

Mining company TerraCom has lost a case seeking to shield a report by PricewaterhouseCoopers from the Australian Securities and Investments Commission, which is investigating claims current and former executives falsified coal quality results.

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HWL Ebsworth says missing clause couldn’t have led to client’s $130M loss
Business of Law 2022-03-08 9:09 pm By Bianca Hrovat Sydney

HWL Ebsworth has told a judge the law firm’s omission of a mutual debt liability clause in a joint venture contract could not have led former client Dairycorp to lose a $130 million opportunity to develop land northwest of Sydney.

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HWL Ebsworth overlooked ‘obvious red flags’ in joint venture contract, trial told
Business of Law 2022-03-07 9:11 pm By Bianca Hrovat Sydney

HWL Ebsworth’s clients suffered a staggering $130 million loss when the law firm’s solicitors failed to notice “obvious red flags” in a joint venture contract for an ambitious Sydney-based land development, a court has heard.

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$2.5M in damages sought in ‘Love Is In The Air’ copyright suit
Banki Haddock Fiora 2022-03-01 4:06 pm By Miklos Bolza Sydney

The holder of the licence for ‘Love Is In The Air’ is seeking $2.5 million in damages from Oregon electronic music duo Glass Candy for infringing the copyright for the 1970s disco hit, despite a judge dismissing most claims for damages against the pair.

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HWL Ebsworth’s boss can’t slug former partner with costs in case over failed IPO
Bridges Lawyers 2022-02-21 10:06 pm By Christine Caulfield Melbourne

Managing partner of HWL Ebsworth Juan Martinez has lost his bid for an order for costs against a former capital partner in a $4.4 million suit after the partner unsuccessfully sought to have the law firm boss named as representative defendant.

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Kazal brothers hit with $1.5M judgment for ‘vendetta’ against ex-business partner
Competition & Consumer Protection 2022-02-21 9:35 pm By Sam Matthews Melbourne

A judge has hit brothers Adam and Charif Kazal with $1.45 million in damages in a defamation lawsuit brought by their former business partner Rodric David and his company, finding the Kazals vilified and denigrated David as part of a ‘vendetta’.

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Deloitte report on Mercedes-Benz fixed-price model was ‘spin’, court hears
Automotive 2022-02-07 1:46 pm By Cat Fredenburgh Melbourne

Australian Mercedes-Benz dealers behind a $650 million lawsuit over the car maker’s decision to move to a fixed-price agency model allege the car maker engaged Deloitte as a consultant so it could “spin” its real reasons for making the change.

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Salter Brothers investment in advisory firm Hendry Group ‘worthless’, court hears
Competition & Consumer Protection 2022-02-04 2:24 pm By Christine Caulfield Melbourne

Salter Brothers’ multmillion dollar investment in advisory firm Hendry Group is worthless, a court has been told in the fund manager’s case alleging it was the victim of miseleading representations.

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Reckitt-Benckiser asks High Court to overturn decision on Maxigesic ads
Alastair Vincent 2022-02-03 1:27 pm By Cat Fredenburgh Melbourne

Consumer goods giant Reckitt-Benckiser is seeking special leave from the High Court to challenge a Full Court judgment that overturned a finding that AFT Pharmaceuticals ads’ for its painkiller Maxigesic were misleading.

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