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Shareholders looking to revive class action say Worley pursued ‘growth stock’ ambitions over accuracy
Worley crafted the budget behind an allegedly misleading 2014 earnings guidance so that its shares could be rated as a “growth stock”, the Full Court has heard as shareholders seek to revive a failed class action against the engineering company.
ACCC says Google’s ‘Oh Shit’ meeting relevant to penalty in location privacy case
The ACCC wants Google to produce documents related to its infamous 'Oh Shit' meeting, which the consumer regulator says will be relevant to the tech giant's state of mind and the judge's penalty in a case over representations to users about their location data.
Ben Roberts-Smith says ex-wife lied to court about accessing his personal emails
A lawyer for accused war criminal Ben Roberts-Smith has told a judge his ex-wife did not honestly disclose whether she had given her close friend access to her former husband's email account, and had misused his confidential and privileged information.
Recovery concerns flagged in CBA class action
The applicant in a class action on behalf of hundreds of thousands of Colonial First State Investments customers has raised concerns about whether he can recover compensation from a CBA life insurance unit that was recently sold to a competitor.
Ex-Maurice Blackburn lawyer not trying to dodge Qantas trial with hospital stay, judge says
A former Maurice Blackburn lawyer set to give evidence in a suit against Qantas was not “deliberately avoiding” the trial with an extended hospital stay, but “better evidence” was needed for why he was admitted, a judge has said.
Baker McKenzie negligent in advising on Chinese lender’s failed Aussie launch, court hears
Baker McKenzie has been accused of negligence in a cross claim by Chinese lender Aoyin, which faces a lawsuit by accounting giant PricewaterhouseCoopers for unpaid fees over advice related to a failed bid to launch a bank in Australia.
Oaktree unit must join Marlin’s shareholders to $135M breach of warranty case
A unit of Oaktree Capital Management has been ordered to join all former shareholders of consumer brand wholesaler Marlin Brands as defendants in a case over the investment giant's $200 million acquisition of the company that alleges fraud or wilful deceit on the part of the sellers.
CBA’s head of governance sues bank for threatening to ax her over complaints
Commonwealth Bank’s head of governance has hit her employer with a lawsuit claiming she was threatened with termination for making complaints that the governance team was chronically under-resourced, overworked and had a high attrition rate.
Judge won’t allow Ampol on site to rebrand Caltex stores
Service station giant Ampol has lost its bid to force petrol station chain EG Fuel Co to allow it access to 87 Caltex sites so they can be rebranded to Ampol stations, with a judge finding it would cause EG “obvious disruption”.
PwC can’t shut down class action against over $50M bond prospectus
PricewaterhouseCoopers has lost its bid to shut down a class action launched by bondholders of collapsed asset finance lender Axsesstoday Limited over alleged misrepresentations in a $50 million bond offer.