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Insurer IAG has argued Greensill investor White Oak failed to verify the existence of $140 million in receivables for fear the deal wouldn't go ahead -- conduct, it says, that was “redolent of a deal that is too good to be true”.
Arrotex has hit back at a lawsuit by the maker of Maltofer iron supplements, filing a cross-claim alleging its rival’s advertising was false because it conveyed its product was superior to Ferro-grad C.
The managing director of stockbroking firm Fortrend Securities breached privacy rules by sending an adviser's medical certificate to a client and saying he had a “nervous breakdown”, a tribunal has found.
A judge said Tuesday a costs referee’s report did not give an “adequate basis” for $13 million in fees sought by a law firm behind a settled class action against Qantas over COVID-era flight cancellations.
An ASX shareholder has won an interim bid to file a derivative case against several former directors over its CHESS replacement project, but a challenge over whether the case can proceed is still on the cards.
Insurance underwriter Tokio Marine has denied misleading US investment firm White Oak by staying silent on alleged issues with an IAG policy keeping Greensill's supply chain financing business operating.
A judge has said he has no issues with a $55 million settlement resolving a union’s underpayments class action against grocery chain Aldi for workers who were allegedly denied pay for pre- and post-shift work.
Construction PRO
An appeals court has ruled that Heran Group's York Property can call on $6.4 million in bank guarantees in its dispute with builder Tomkins, which alleges that a $17.5 million payment certificate issued under a contract to build a 119-Gold Coast residential tower was not authorised.
Teen fashion label White Fox will claim a pair of shorts that bore a four-stripe design was merely ‘decorative’ and did not infringe on Adidas’ distinctive three-stripe trade mark, a court has heard.
Construction PRO
Builder Hansen Yuncken is seeking preliminary discovery from the Victorian government as it mulls proceedings alleging the state interfered with the independence of a superintendent in relation to a $156 million contract to expand the Barwon prison near Geelong.