Appeals
Cosette says Mayne backfilled sales estimates to meet $$70M forecast
Kicking off its appeal of a finding that it couldn't walk away from a $672 million merger agreement with Mayne Pharma, US drug company Cosette has told a court that Mayne was not upfront about its financial position prior to the deal.
Restructuring & Insolvency
Cor Cordis fights ex-chair’s $1.6M fraud claims
Insolvency firm Cor Cordis says its ex-chair’s claims that it "confected" reductions to its work in progress to avoid paying his full retirement entitlements should be struck out.
Policy and Regulation
Government kicks off review into whistleblower protections in wake of KPMG scandal
The government has begun a review into the adequacy of whistleblower protections, following damning whistleblower allegations that KPMG misused confidential client information.
Corporate
EVP wants to proceed with case against bankrupt Strongroom AI founder
Venture capital firm EVP has sought the court’s leave to proceed with claims against Strongroom AI founder and former director Christopher Durre, despite his financial state.
Class Actions
Reject Shop class action reshuffles after ruling with ‘profound impact’ on claim period
An underpayments class action against The Reject Shop will reshuffle its case after a recent Full Court decision which had a “profound impact” on the claim period.
High Court
Russells wants High Court to rule on costs fight with Meadowbrook Golf Club
Law firm Russells has asked the High Court to overturn a decision which found it could not rely on privileged communications to defend itself against allegations of incompetence from former client Meadowbrook Golf Course.
Financial Services
Fortrend Securities can’t stay judgment in suit by advisers over bonuses
Melbourne stockbroker Fortrend Securities has lost its bid to stay orders that it pay $621,000 in compensation and penalties as well as $2 million in legal costs after two financial advisers who jumped ship to Shaw & Partners won their case over withheld bonuses.
Personal injury
Qatar Airways settles with passengers in strip search case
Passengers in a lawsuit against Qatar Airways over a 2020 strip search at Doha International Airport have reached a settlement with the airline and airport operator MATAR.
Appeals
Former EY partner loses appeal in dispute with National Tiles
A former EY partner has lost his appeal in a fight with National Tiles over an alleged $1 million lost opportunity to acquire shares, despite the court finding the tiling retailer breached the cooperation terms of the agreement.
Gaming
Star Sydney hit with $10M fine from NSW gaming regulator
The Star Sydney has been hit with $10 million in fines from the state’s gaming regulator, which accused the casino of allowing some patrons to gamble for over 36 hours straight.
