Liquidators of failed tech company GetSwift have foreshadowed an objection to a $1.5 million settlement going to shareholders in a class action that a judge has labelled a “disaster”.
Former CEO of failed van Eyk Research has been sentenced to 15 months’ imprisonment after admitting he breached his duties as director of a subsidiary to dishonestly retain control of the company.
Accounting firm Pitcher Partners has hit back at a lawsuit by the former owner of fitness franchise Zap Fitness claiming the firm failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.
A judge has thrown out proceedings brought by mining magnate Clive Palmer in which he alleged an abuse of process by prosecutors and the Australian Securities and Investments Commission, finding that Palmer’s suits were themselves a “misuse of proceedings.”
A judge has refused to declare COVID-19 a force majeure event in a loss for Spanish infrastructure giant Acciona, which seeks to back out of a construction project for a $696 million Kwinana waste-to-energy plant.
Eco-conscious Australian skincare company Sukin has been hit with a lawsuit alleging it misled consumers by selling products labelled with a carbon neutral certification it did not hold.
A former Tesla Motors Australia director has pleaded guilty to two counts of insider trading for acquiring shares in Piedmont Lithium based on insider information he had about an in-principle agreement the mining company had to supply lithium to Tesla.
A judge overseeing two underpayment class actions against supermarket chain Romeo’s has declined to vary a settlement agreement to provide for distribution by Christmas, saying plaintiff firm Adero Law had not taken “all reasonable steps” to facilitate the payments.
A judge has thrown out an underpayments class action against NSW not-for-profit Life Without Borders for failure to advance the case with due diligence and slapped the lead applicant with costs for his “unreasonable” acts during the course of the proceeding.
A solicitor of a national law firm has been reprimanded after falsely representing that the firm acted for her partner in a property dispute over $1,000.