Jan Cameron, founder of Kathmandu and former director of baby food company Bellamy’s, has abandoned her lawsuit alleging a Caribbean Islands-based trust didn’t owe capital gains tax on the 2018 sale of 2.5 million Bellamy’s shares.
The funder and law firm running a shareholder class action against recycling company Sims Limited are seeking more than 57 per cent of a $29.5 million settlement for commission and costs, including an insurance policy to cover the risks of losing the case.
Real estate marketing platform Campaigntrack has won an appeal of a ruling in an important copyright case over its cloud-based software that accused real estate agency group Biggin & Scott of authorising reproduction of the software’s source code.
Nufarm Australia has successfully challenged a herbicide patent application by Dow Agrosciences’ successor on the grounds that the invention – aimed at limiting the worldwide problem of vapor drift – is neither new nor innovative.
Three AGL Energy subsidiaries have been ordered to pay $3.5 million in penalties for breaches of energy rules that led to a statewide blackout in South Australia.
A litigation funder facing a lawsuit by the lead applicant in a settled class action it financed has won its bid to transfer the case to the Federal Court, where the class action was heard, after a judge said it was the “natural forum” for the dispute.
A judge has rejected a bid by the corporate regulator to access an unredacted PricewaterhouseCoopers report commissioned by coal miner TerraCom ahead of a challenge to a decision that cleared the way for the regulator to eye the document as part of an investigation.
Ultra Tune is facing contempt of court proceedings for allegedly breaching a judge’s orders and failing to meet the requirements of a court-ordered compliance program, instituted after the company copped a $2 million fine for contravening its disclosure obligations to franchisees.
Rigby Cooke has prevailed in an appeal by a former client that challenged a ruling for the law firm over a $24.5 million East Melbourne development.
A former Sigma Healthcare executive has been sentenced to a suspended term of 14 months’ in prison after pleading guilty to trading on insider information.