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ASIC grills brother of former Nuix CFO as part of insider trading probe
Andrew O'Brien 2022-02-07 10:01 pm By Christine Caulfield Melbourne

The corporate regulator has confirmed it has questioned the brother of former Nuix CFO Stephen Doyle and might seek further examination as part of its ongoing investigation of the troubled tech company.

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Class action against Hog’s Breath Cafe can’t dodge $1.2M security
Class Actions 2022-02-07 2:31 pm By Christine Caulfield Melbourne

Franchisees of the Hog’s Breath Cafe restaurant chain must pay $1.23 million in security for legal costs in their class action against the franchisor, and the matter is stayed until they can pony up the first installment.

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Blue Star Helium’s former boss appeals ban over ill-fated Texas oil asset sale
Appeals 2022-02-07 2:04 pm By Christine Caulfield Melbourne

The former CEO of Blue Star Helium is challenging a ruling that slugged him with a $40,000 penalty and a four-year ban for failing to disclose to shareholders the identify of the buyer behind a botched sale of Texas oil assets.

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Banksia class action lawyer loses practicing certificate in ‘bombshell’ move by watchdog
Business of Law 2022-02-04 12:13 pm By Christine Caulfield Melbourne

The solicitor who was found to have acted as a “postbox” to conceal conflicts of interest in the Banksia class action has lost his practicing certificate ahead of a hearing to show cause why he should remain on the roll.

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Arrium shareholders in class action can’t access full KPMG audit file
Accounting 2022-02-04 1:59 pm By Cat Fredenburgh Melbourne

Shareholders in a class action against failed steel giant Arrium and KPMG have lost their bid for KPMG’s complete audit file for Arrium to probe the Big Four accounting firm’s handling of the steel producer’s financial statements before its collapse in April 2016.

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Meta, Instagram lose appeal bid to arbitrate startup’s competition case
Competition & Consumer Protection 2022-02-04 1:58 pm By Christine Caulfield Melbourne

An appeals court has dismissed a second attempt by Meta and Instagram to shut down a misuse of market power case by a Melbourne-based social media startup.

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‘Shoot him or I will’: Mounting allegations of civilian murder at Ben Roberts-Smith trial
Anna Mitchelmore 2022-02-04 2:39 pm By Bianca Hrovat Sydney

Eight rounds of ammunition were unloaded into the chest, neck and face of an Afghan man after decorated war veteran Ben Roberts-Smith told a subordinate to, “Shoot him or I will”, a court has heard.

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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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Google can’t shut down Epic Games’ misuse of market power case
Chester Brown 2022-02-04 7:24 pm By Sam Matthews Melbourne

Google has failed in its bid to stay a competition lawsuit brought by Epic Games, after failing to show that the Fortnite game maker would not be disadvantaged if the case were heard in California instead.

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Forum director Tesoriero questions sale of Papas’ Sydney residence
Allens 2022-02-04 12:34 pm By Cat Fredenburgh Melbourne

Forum Finance director Vince Tesoriero has raised concerns about the validity of the sale of a $4 million home in Sydney inner-West suburb Rozelle where company founder Bill Papas and his girlfriend lived, but a judge has indicated any attempt to block the sale would be “hopeless”.

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