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Salter Brothers secures $8M in breach of warranty case against ex-Hendry Group CEO
Corporate 2022-10-18 11:23 pm By Christine Caulfield

Fund manager Salter Brothers has been awarded more than $8 million in a breach of warranty suit against former Hendry Group boss Emma Hendry and related parties after they failed to comply with court orders in the case.

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NAB defeats unconscionable conduct case by vehicle finance brokerage
Bransgroves Lawyers 2022-10-14 9:40 pm By Sam Matthews Melbourne

A judge has tossed a broker’s lawsuit against NAB and its former subsidiary FAST, finding the bank was entitled to terminate its accreditation over the use of a banned broker’s trail book.

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Mobile network deal with Telstra could lead to TPG price hikes, ACCC says
ACCC 2022-09-30 11:14 pm By Christine Caulfield

A mobile network sharing agreement between Telstra and TPG is likely to boost the companies’ services to customers but could lead to TPG raising prices, the competition regulator said Friday.

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Dick Smith execs ask High Court to toss case over final dividend
Alice Zheng 2022-09-29 10:33 pm By Cat Fredenburgh

Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for approving a dividend payment the company could not afford.

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Ex-Blue Star Helium CEO appeals banning order to High Court
Alexander Mossop 2022-09-26 3:03 pm By Cat Fredenburgh

The former CEO of Blue Star Helium has asked the High Court to throw out a $40,000 penalty and four-year ban imposed on him after the company failed to disclose to shareholders the identity of the buyer behind a botched sale of Texas oil assets.

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Mylan appeals ATO’s rejection of $48M deduction in spat over $1.2B Alphapharm deal
ATO 2022-09-19 2:04 pm By Cat Fredenburgh

The Australian unit of Mylan is challenging the ATO’s rejection of a $48 million deduction  for 2020 in the generic drug company’s latest spat with the tax office over interest on loans to fund its $1.2 billion acquisition of generic drug maker Alphapharm.

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Dye & Durham wins ACCC blessing for $2.9B Link acquisition
Competition & Consumer Protection 2022-09-08 11:20 pm By Christine Caulfield

Software company Dye & Durham has secured the approval of the competition regulator for its proposed acquisition of technology services provider Link Group under the condition it sell its Australian business.

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In loss for TerraCom, Full Court finds ASIC can view PwC report
Appeals 2022-09-07 12:57 pm By Sam Matthews Melbourne

Coal mining firm TerraCom has lost its Full Court bid to shield a PricewaterhouseCoopers report from ASIC, on appeal from a judgment which found the regulator could view the report because of public statements made by the company.

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Moore Stephens ex-partner barred from bringing all but one claim against former colleague
Accounting 2022-08-31 11:28 pm By Sam Matthews Melbourne

A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.

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Pitcher Partners gave bad advice on $2.5M Zap Fitness share buy-back: suit
Accounting 2022-08-29 11:29 pm By Cindy Cameronne Sydney

The former owner of fitness franchise Zap Fitness has sued accounting firm Pitcher Partners, claiming it failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.

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