The Agency Group Australia: Awarded over $212,000 in court win against MCL 105

The Agency Group Australia Awarded over $212,000 in court win against MCL 105

  • After successfully defending the action against MCL 105 in the Federal Court, The Agency Group Australia (AU1) has been awarded over $200,000 in costs
  • MCL 105, a firm affiliated with former AU1 Non-Executive Director Mr Mitchell Atkins, was ordered to pay AU1’s expenses in the costs decision
  • The total costs awarded to AU1 is $212,269
  • In addition to the judgement of costs in AU1’s favour, the $400,000 previously paid into court by AU1 will be returned to AU1 within the next several days
  • Shares in AU1 are up 2.04 per cent to 5 cents at 2:23 pm AEDT
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Revolut Launches Platform to Streamline Overseas Talent Hiring

Revolut's new service aims to simplify global recruitment for businesses.Highlights: Revolut launches a platform for hiring overseas talent.The...

Revolut Strengthens Business Recruitment Platform in New Markets

The fintech giant expands its offerings targeting recruitment needs globally.Highlights: Revolut enhances its platform for business recruitment.The expansion...

UniCredit Selects Slate to Strengthen Retail Investment Services

The partnership aims to enhance digital investment options for customers.Highlights: UniCredit partners with Slate for enhanced retail investment...

Derek White Launches Primitive AI Agent Operating System to Transform Banking

The new system aims to enhance operational efficiency in financial services.Highlights: Derek White unveils Primitive, an AI agent...