Forum Finance director Bill Papasâ cousin has hit back at Westpacâs allegations he wrongfully received $720,000 from the alleged fraudster in violation of freezing orders made in the bankâs lawsuit, which seeks to recoup $294 million paid into an alleged fraudulent scheme.
The liquidator of collapsed vocational education provider Careers Australia has filed a lawsuit against the companyâs former directors, including founding CEO of Optus Robert Mansfield, seeking damages for alleged insolvent trading and breach of directorsâ duties over a $40 million dividend the company allegedly could not afford.
A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.
Apple has fired back in a lawsuit alleging its iPhone and iPad devices equipped with Touch ID and Face ID technology infringe patents held by an Australian non-practicing entity, hitting the company with its own case claiming the patents are invalid.
The Australian Competition and Consumer Commission has will not oppose Woodside Petroleumâs $41 billion acquisition of BHP Petroleum International, saying the oil and gas giant would have no incentive to reduce domestic gas supply.
The Australian Communications and Media Authority has hit Telstra with a record $2.53 million penalty for listing individuals phone numbers in public directories against their wishes.
Saying it will only benefit the law firm and lead applicants, a judge has refused to approve a settlement in an underpayments class action against supermarket giant Woolworths, which would see no payout to employees.
Two major Zip Co investors have sued Merrill Lynch for allegedly breaching its duties as financial advisor by recommending they sell their shares in the Aussie fintech after September 1 last year, at which point Paypal’s announcement that it would enter the buy now, pay later market had sent Zip’s share price plummeting.
The liquidators of Mayfairâs failed IPO Wealth Holdings have won their bid to question the fundâs former director, James Mawhinney, for the eighth time over assets that could provide âsignificant potential recoveriesâ for shareholders.
Burger giant Hungry Jack’s has lost its bid to have McDonald’s hand over test results showing the âpre-cookedâ weight of its Big Mac beef patties, with a judge finding they were not relevant to whether the rivalâs Big Jack burger had 25 per cent âmore Aussie beefâ.