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AMA Group’s Andrew Hopkins steps down as CEO, drops court action
Automotive 2021-02-01 11:01 am By Spencer Fowler Steen Melbourne

Andrew Hopkins has resigned from his position as group CEO of automotive repair firm AMA and has discontinued his lawsuit against the company despite a Federal Court injunction barring his dismissal amid allegations of fraud.

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One Nation staffer suffers setback in fight over $4.5M legal bill
Article 2021-01-29 10:58 pm By Spencer Fowler Steen Melbourne

A judge has rejected a judicial review request by One Nation chief-of-staff James Ashby who sought to have the Commonwealth foot the bill for nearly $4.5 million in legal costs stemming from a dropped sexual harassment case against former House speaker Peter Slipper.

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Concerns about courts wading into funding commission rates ‘exaggerated’, judge says
Adam Hochroth 2021-01-29 10:08 pm By Christine Caulfield Melbourne

Concerns behind criticism that courts aren’t equipped to assess a class action funder’s commission are exaggerated, and the fixing by judges of reasonable remuneration, at least in other cases, is nothing new, a Federal Court judge has said.

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ASIC secures court order to wind up Mayfair 101 unit
ASIC 2021-01-29 10:07 pm By Christine Caulfield Melbourne

A judge has ordered the winding up of M101 Nominees, the issuer of $67 million in notes promoted by James Mawhinney’s failed Mayfair 101, which is alleged to owe investors over $211 million.

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Woolworths to pay $44.5M to settle shareholder class action
Class Actions 2021-01-29 4:31 pm By Miklos Bolza Sydney

A $100 million shareholder class action against supermarket giant Woolworths has settled for $44.5 million, a few days before a 15-day trial was set to begin.

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AMA Group to fight court injunction granted to ‘intolerable’ CEO accused of fraud
Automotive 2021-01-29 1:47 pm By Miklos Bolza Sydney

Automotive firm AMA Group will seek to discharge an injunction preventing it from dismissing a CEO who has been accused of defrauding the company of “hundreds of thousands of dollars” and damaging its reputation with major partners.

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Judge slams year-long delay in $80M case against CFMEU over robo-terminal blockade
Alex Manos 2021-01-29 1:29 pm By Spencer Fowler Steen Melbourne

A judge has hit a Port Melbourne container terminal with costs for wasting time in a $80 million lawsuit against the CFMEU over picketing at the world’s first fully automated container terminal, finding the company’s explanations for the delay, including that COVID-19 had slowed it down, were “inconsistent” and “odd”.

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ACCC takes another swipe at Google with report on ad tech dominance
ACCC 2021-01-28 9:51 pm By Spencer Fowler Steen Melbourne

Google is looming large over the advertising technology world, the ACCC says in a new report highlighting growing concerns the global tech giant’s “unrivalled” ability to preference its own technology could affect competition.

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Quintis insurers may have to cough up extra $11.25M in class action settlement
Agriculture 2021-01-28 6:27 pm By Miklos Bolza Sydney

A lawsuit seeking to increase D&O insurance for sandalwood producer Quintis in the wake of a class action settlement has fallen short of the $40 million in additional coverage sought, but a Federal Court decision may see a further $11.25 million go to group members.

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Dr Reddy’s alleges VC firm made false claims in head lice lotion deal talks
Consumer Goods 2021-01-28 4:22 pm By Spencer Fowler Steen Melbourne

Multinational pharmaceutical company Dr Reddy’s has launched a lawsuit against a Melbourne biotechnology company’s directors as well as venture capital firm OneVentures, alleging they sold it dodgy lice treatment which was forecasted to make over US$100 million.

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