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Treasury Wine tries to claw back former exec’s $1.3M bonus
Employment 2019-07-05 10:07 pm By Amelia Birnie

Treasury Wine Estates is trying to claw back a $1.3 million share bonus paid to former managing director Peter Dixon, alleging serious misconduct relating to […]

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ACCC loses case against Woolworths over ‘eco’ plate claims
Competition & Consumer Protection 2019-07-05 9:28 pm By Amelia Birnie

The Australian Competition and Consumer Commission has lost a consumer case against Woolworths, with the Federal Court finding the supermarket giant’s  environmental claims for its […]

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Ex-James Estate Wines boss ‘manufactured’ evidence in $14M dispute with ANZ, court says
Restructuring & Insolvency 2019-07-05 5:24 pm By Amelia Birnie

A judge has dismissed failed winemaker David James’ latest bid to overturn a $14 million guarantor judgment against him and in favour of ANZ, saying […]

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Woolworths accepts FWC recommendation in dispute over new store structure
Employment 2019-07-04 6:14 pm By Amelia Birnie

Australian supermarket giant Woolworths has accepted a number of recommendations made by the Fair Work Commission, after two unions challenged a recent restructure that required staff […]

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APRA had ‘unhinged hatred’ of IOOF exec, court told
Financial Services 2019-07-03 7:49 pm By Amelia Birnie

APRA has been accused of harbouring an “unhinged hatred” for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA […]

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Ex-Sirtex CEO pleads guilty to insider trading
White Collar 2019-07-03 3:25 pm By Amelia Birnie

The former CEO and director of biotech company Sirtex Medical, Gilman Wong, is facing a maximum ten years in prison after pleading guilty to insider […]

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Debt-laden fintech Squirrel can’t block receiver appointment
Restructuring & Insolvency 2019-07-02 9:17 pm By Amelia Birnie

A judge has refused to grant an injunction stopping the appointment of receivers to Australian cloud-based superannuation fund manager Squirrel Ltd, describing the company’s financial […]

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Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
White Collar 2019-07-02 9:03 pm By Amelia Birnie

A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought […]

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Novartis wants to amend invalidated patent for MS drug
Intellectual Property 2019-07-02 1:30 pm By Amelia Birnie

Novartis has applied to amend its proposed patent for an oral form of multiple sclerosis drug Gilenya, as it appeals an invalidity ruling by IP […]

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IOOF liability ‘plain as a pike staff’, APRA says at start of trial
Financial Services 2019-07-01 10:47 pm By Amelia Birnie

The prudential regulator has opened the first day of its case against IOOF directors and entities by claiming the wealth manager’s liability is “plain as […]

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