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Eclipx may face shareholder class action
Eclipx group is looking at a possible shareholder class action following recent drops in its share price after it disclosed that its published profit growth forecasts need to be revised downwards.
Viterra wins Cargill sale docs after mid-trial revelation
Cargill has been ordered to turn over what it describes as "highly confidential" documents related to the possible sale of its malt business, a new revelation in the complex trial over claims Viterra fraudulently concealed crucial information when it sold malt producer Joe White Maltings to Cargill Australia in 2013 for $420 million.
ASIC to embed corporate cops in big four banks
The Australian Securities and Investments Commission will get a $70.1  million boost to fight corporate wrongdoing as part of a funding package that includes a plan to embed ASIC staff in the big four banks and AMP.
DQ’d exec appeals ruling that Gadens email was proper service
A Perth businessman has filed an appeal of a judge's ruling that an email forwarded by a Gadens lawyer from ASIC alerting him that he had been disqualified from serving as a director constituted proper notification.
ACCC appeals suppressed ruling in Cascade Coal cartel case
The ACCC is appealing a ruling dismissing its cartel case against Cascade Coal that alleged the company reached an agreement with rival Loyal Coal in the 2009 tender process for mining exploration licences in the Bylong Valley, NSW.
Private equity co. hit with $6.6M penalty for exploiting investor with dementia
A cane farmer in his 80's suffering from Alzheimer's disease will get $6.6 million back that he invested in a failed technology venture, after a judge found the private equity company that arranged the investment exploited the man's disability.
Victoria’s Secret files lawsuit over knockoff body sprays
US lingerie company Victoria's Secret has brought a lawsuit over the sale of knockoff products that mimic the get-up of its trade marked body care products, ahead of the much-anticipated launch of its first store in Australia.
ACCC’s Sims issues warning to merger parties
ACCC chair Rod Sims has warned the regulator is ready to take on any anti-competitive behaviour it uncovers during a phase-two merger review.
$39M in settlements reached in class actions against Sandhurst Trustees
Settlements totaling $39 million have been reached in two class actions against the former trustee of failed investment groups LKM Capital and GR Finance.
Slater & Gordon auditor faces second class action
Former Slater & Gordon auditor Pitcher Partners has been hit with a class action alleging it signed off on an overly rosy 2015 year-end financial report that failed to disclose risks and impairments the firm faced from its recent acquisition of UK firm Quindell.