The former CEO of a unit of collapsed construction firm Hastie Group told staff to “raid the balance books” to make up financial targets linked to his bonus, prosecutors said at the outset of a two-month criminal trial.
A judge has praised funder IMF Bentham for not seeking to recover from group members the cost of a withdrawn common fund application in one of Shine Lawyer’s toxic foam class actions, agreeing instead to cop the loss itself.
Indonesian national airline Garuda has been slapped with a $19 million penalty in the ACCC’s decade-long global cartel case over air cargo price-fixing, bringing the total penalties won by the competition regulator over the cartel to $132.5 million.
UK-based building products giant Hill & Smith Holdings wants to drag a Singaporean entity into its road safety patent dispute with Australian company Safe Barriers, whose directors are ex-employees of Hill & Smith.
The maker of the Yellow Pages and White Pages directories, Sensis, has won its IP case against a direct marketing company, with a judge ruling the rival’s Senses Direct mark was deceptively similar to its mark, both visually and aurally.
Law firm Quinn Emanuel Urquhart & Sullivan has told the court it will appeal a judgment permanently staying its shareholder class action against AMP over the wealth manager’s fees for no service scandal.
A judge has granted discovery of up to 32,000 documents just months out from the Forge investor class action trial, as she blasted the insurance company respondents for wasting resources after they failed to comply with the court’s previous orders.
A Federal Court judge has ruled he has jurisdication to hear a case brought by a group of investors against a unit of Credit Suisse over complex derivative products known as MINI warrants, despite the bank’s argument that the claims allege breach of contract under common law, not federal law.
Maurice Blackburn has partly prevailed in an appeal of a judge’s decision to put the brakes on its shareholder class action against BHP while greenlighting a competing case brought by Phi Finney McDonald, with an appeals court ordering the rival law firms to negotiate a deal to consolidate their litigation.
Oil company PTTEP has objected to Indonesian seaweed farmers using the word “oil” in their evidence in the Montarra oil spill class action, arguing they are not qualified to identify oil.