The Full Federal Court has dismissed former Blue Star Helium CEO James Cruickshank’s challenge to a $40,000 penalty and four-year ban for failing to disclose to shareholders the identity of the buyer behind a botched sale of Texas oil assets.
An appeals court has overturned a decision banning a lawyer from practice with retrospective effect and ordering her to pay $20,000 in legal costs, after a tribunal sanctioned her for allegedly misleading a court employee and making “offensive” remarks in 2016.
A lawyer who failed to pay $23,000 in fees to senior counsel and made a groundless complaint to the bar association to use as a “bargaining chip” engaged in professional misconduct, a tribunal has found.
The former CEO and chairman of Antares Energy has been banned from managing corporations for four years and hit with a $40,000 penalty for failing to disclose to the market the buyer behind an ill-fated US$254 million acquisition of Texas oil assets.
In a win for ASIC, a judge has found that former oil and gas company Antares Energy violated its continuous disclosure obligations by failing to reveal the name of the buyer behind an ill-fated US$254 million acquisition of Texan oil assets.
A judge has agreed to give two executives of Geowash a reprieve from enforcement of $2.7 million in penalties pending an appeal of a judgment in an ACCC case that found the car wash franchisor overcharged franchisees and misled them about expected revenue.