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Accounting firm Pitcher Partners will challenge a ruling that it owes a NSW bus operator $5.6 million in damages for fraudulently concealing a costly amortisation error.
Accounting firm Pitcher Partners has been ordered to pay more than $5.6 million in damages for fraudulently concealing an amortisation error that caused a well-known bus operator to face higher than expected costs in a NSW transport tender.
The Australian Competition and Consumer Commission has lost an appeal of a ruling that dismissed its case over allegedly inadequate disclosures by private health insurer Medibank relating to member benefits.
An employer group has lost an appeal to the Full Federal Court to overturn the merger of the Construction, Forestry, Mining and Energy Union with two other unions.
Grain supplier Seednet has agreed to pay $1 million to settle an enforcement action by the consumer watchdog alleging it misled farmers about the performance of its latest barley variety.
California-based acai berry company Sambazon Inc. has resolved legal action that accused its former Australian distributors of co-opting the company's Amazonian narrative to promote a competing business.
The Australian Securities and Investments Commission has secured almost $9 million in penalties against Melbourne-based Financial Circle over a scheme to extract advice fees and ongoing commission from borrowers who took out personal loans.
Hyundai Engineering and Steel Industries has been granted almost $5.6 million in compensation in a case against Australian company Alfasi Steel over construction delays on Sydney's International Convention Centre.
An investor suing property investment group Aviation 3030 can't avoid payment of half a million dollars in security for litigation costs because of a parallel enforcement action by the corporate regulator, a judge has ruled.
A Melbourne computer retailer that plans to appeal a $2.8 million fine for allegedly violating Microsoft's Windows 7 IP has won a stay of the court's order, with a judge finding the court's delay in publishing reasons for judgment created an "unsatisfactory state of affairs".