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A judge has approved a $5 million class action settlement against payment processor Tyro over a service outage but has shredded the proposed funder payout and legal fees that would have comprised 60 per cent of the sum, calling the costs "outrageous".
An appeals court has found a seven-year non-competition clause in US tech giant DXC Eclipse's agreement with the former director of Melbourne software firm Sable37, which it acquired in 2018, was unreasonable.
The company behind the Ultimate Fighting Championship gym franchise has been ordered to pay $5 million to three franchisees after a judge found it misled them about businesses which were “near valueless” and unlikely to make profit.
Texas oil giant Tri-Star has lost its bid for a referral in a dispute with natural gas exporter Australia Pacific LNG over several coal seam gas fields in Queensland and $7.6 billion in share acquisitions.
Automotive electronics company Directed Electronics is set to claw back $3.27 million in commission payments made to a former manager through a secret side agreement with South Korean giant Hanhwa, with a ruling on damages still to come in the five-year case.
A city council in the Hunter Valley region is set to appeal to the High Court a decision that found it was liable to pay a flight company over $3.6 million in damages for wasted expenditure after it repudiated a contract to lease land at the local airport.
Consumer food giant General Mills is suing relish maker Baxters, alleging breach of an agreement to manufacture Old El Paso products for sale in Australia.
Racing NSW has accused its Victorian counterpart of planning an anti-competitive agreement with five other states to exclude it from the thoroughbred racing industry, as it seeks documents to bring potential claims.
Scottish football team Rangers says it was entitled to nix an agreement to play matches in Sydney last year, in its defence to a $3 million suit brought by Australian sports promoters TEG Live and Left Field Live.