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Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation.
ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors.
Construction PRO
Former directors of New Century have won a dispute over a due diligence report prepared by Gilbert + Tobin in their litigation centred on royalty payments from a zinc mine in north-west Queensland.
Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator's first-ever case alleging breaches of whistleblower protections.
Power company Callide has been hit with a $9 million penalty for “very serious” contraventions of the National Electricity Rules that led to an explosion at a coal-fired power station.
ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company's financial position.
The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.
A judge has ordered Honda to pay $13.6 million in damages to dealer Brighton Automotive in a suit over the car maker's move away from a dealership model.
Hoping for a discounted penalty, fintech iSignthis has won its bid to adduce evidence of without prejudice offers it made to reach a resolution with ASIC before the regulator took it to court.
Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million.