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Hitting back at ASIC's claims it misled investors and breached disclosure rules, technology company Nuix says it had no knowledge it was failing to meet its FY21 forecast and didn’t need to disclose to investors draft documents showing missed internal targets.
A prospective CSIRO executive has filed an employment suit against the government agency, alleging it breached her contract by firing her before she started, citing “stakeholder feedback".
American fast food chain In-N-Out Burgers has won an injunction against a Queensland 'ghost kitchen' that operates solely through meal delivery apps, after it failed to comply with court-ordered undertakings.
A judge has opened the administration of a $300 million settlement in a pelvic mesh class action to a competitive bidding process, shortly after another judge said law firms were not uniquely qualified to distribute class action spoils.
A costs report in a settled class action against Woolworths that recommended almost $800,000 in legal fee deductions failed to wrestle with a key factor in weighing the proportionality of the costs, a judge has said.
Cruise operator Carnival PLC has been ordered to pay compensation to a passenger who suffered a miscarriage after evacuating from a cruise ship, with a judge finding the ship’s doctor gave her bad medical advice.
The man behind the Twitter handle Stock Swami has been ordered to pay $275,000 in damages to Tolga Kumova, after a judge found his tweets defamed the mining investor by accusing him of insider trading, misleading the market, and running a pump and dump scheme.
Intellectual property firm Spruson & Ferguson has launched court action to obtain documents showing alleged solicitation of clients by a handful of senior staff who jumped ship last year to form their own firm.
Retail giant Harvey Norman and consumer credit provider Latitude Finance have hit back at ASIC claims that they ran misleading ads for interest-free finance, saying reasonable consumers would have known additional conditions were laid out in the ads' fine print.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.