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A national law firm has been found liable to pay $13 million in damages for giving negligent advice to a former client that led to a botched sale of its business to Woolworths and caused it to go into administration.
Asset manager Aurora Funds has won its bid to toss a demand by law firm Piper Alderman for $119,335 in allegedly unpaid legal fees, with a judge finding the terms of a settlement deed between the parties may operate as a “penalty” for defaulting on payments.
The Australian Competition and Consumer Commission has won an injunction to stop Virtus from completing the purchase of rival Adora Fertility until a court has ruled on the competition regulator's challenge to the acquisition.
The founder of troubled sports streaming start-up Sports Flick has filed a $12.7 million lawsuit against former investors seeking to be reinstated as director and shareholder of the company.
IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.
ACCC chair Rod Sims has spoken out about the move by IVF provider Virtus to complete its planned acquisition of rival Adora before clearance from the watchdog, saying the situation showed the need for merger review reform.
The competition regulator has filed court action seeking an injunction to stop Virtus Health from completing the purchase of rival Adora Fertility on Friday while a merger review is still in progress.
Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ's $2.5 billion capital raising six years ago.
The Australian Securities and Investments Commission has launched court proceedings against superannuation trustee Diversa for allegedly failing to take appropriate action in response to a financial advisor who was under investigation.
Dick Smith's former CFO will appeal a $43 million judgment in favour of National Australia Bank over his role in the retailer's collapse.