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Dick Smith shareholder must join class action to pursue claims, judge says
Allens 2018-11-20 11:17 pm By Cat Fredenburgh Melbourne

A Dick Smith shareholder has lost his bid to bring a separate proceeding against the failed home goods retailer while two class actions are afoot.

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Ex-CFO said Rio Tinto reserve write down would be ‘worse by far than expected’, ASIC claims
Allen & Overy 2018-11-13 11:21 pm By Cat Fredenburgh Melbourne

The Australian Securities and Investments Commission claims Rio Tinto’s former CFO was referring to the write down for the reserves for two coal assets that were part of a $4 billion acquisition of Rio Tinto Coal Mozambique when he sent an email to the company CEO in January 2012 that contained the phrase “worse by far than expected”.

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Government to block $13B Chinese takeover of Australian gas network
Article 2018-11-08 12:35 pm By Cat Fredenburgh Melbourne

The Morrison Government plans to block the $13 billion acquisition of Australian energy infrastructure business APA Group by a Hong Kong group of companies led by CK Group, saying the deal was not in the national interest.

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Fueltrac to sue Queensland over copyright for pump price report
Article 2018-11-07 11:35 pm By Cat Fredenburgh Melbourne

The Federal Court will hear a dispute between Fueltrac and the State of Queensland over the copyright for the fuel data reporting company’s monthly pump price report.

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Aussie winemakers lose challenge to ‘Avola’ geographical indication mark
Article 2018-11-06 3:13 pm By Cat Fredenburgh Melbourne

A group representing Australian winemakers has lost its objection to the European Commission’s plan to register ‘Avola’ as a mark of geographical indication for wine.

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Aboriginal art supplier misled consumers with Indonesian-made fakes, judge finds
Article 2018-10-24 9:52 pm By Christine Caulfield Melbourne

A judge has found an Aboriginal art and souvenir supplier misled consumers by creating the false impression its products were made in Australia by Indigenous people, when they were actually made in Indonesia, the consumer watchdog said Wednesday.

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Geoffrey Rush ‘demonised by untruths’, court told at start of defamation trial
Article 2018-10-22 7:03 pm By Miklos Bolza Sydney

Oscar-winning actor Geoffrey Rush has told a court he endured “the worst 11 months” of his life following the publication of two Daily Telegraph articles that accused him of inappropriate behaviour toward his co-star during a 2015 production of King Lear.

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Arrium creditors can get docs for potential litigation over $4B collapse
Article 2018-10-17 11:25 pm By Christine Caulfield Melbourne

Creditors of the failed Arrium Group have won access to documents handed over by third parties to the company’s administrators for possible civil proceedings against the steel producer, which collapsed owing $2.3 billion.

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Ex-CBA banker to stand trial for role in $170M home loan fraud scheme
Article 2018-10-12 4:49 pm By Cat Fredenburgh

A former mobile lender with the Commonwealth Bank of Australia will stand trial for his alleged role in a massive $170 million home loan fraud scheme that targeted Australia’s largest banks.

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Titus Day files cross-claim seeking commissions from Guy Sebastian
Article 2018-10-11 2:49 pm By Cat Fredenburgh Melbourne

The management company owned by Titus Day has fired back at a lawsuit filed by singer Guy Sebastian, claiming it’s still owed commissions for appearances by the singer.

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